Estée Lauder Companies (NYSE:EL) Updates FY24 Earnings Guidance

Estée Lauder Companies (NYSE:EL) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.14-2.24 for the period, compared to the consensus estimate of $2.25. The company issued revenue guidance of ~$15.4-15.6 billion, compared to the consensus revenue estimate of $15.81 billion. Estée Lauder Companies also updated its FY 2024 guidance to 2.140-2.240 EPS.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. DA Davidson reissued a buy rating and set a $191.00 target price on shares of Estée Lauder Companies in a research report on Monday, April 22nd. StockNews.com raised shares of Estée Lauder Companies from a sell rating to a hold rating in a research report on Thursday. Barclays reduced their price objective on shares of Estée Lauder Companies from $150.00 to $140.00 and set an equal weight rating for the company in a research report on Friday. Telsey Advisory Group reiterated a market perform rating and issued a $155.00 target price on shares of Estée Lauder Companies in a report on Wednesday. Finally, Oppenheimer reiterated a market perform rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Seventeen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $160.92.

Estée Lauder Companies Trading Down 1.5 %

EL stock traded down $2.00 during midday trading on Friday, hitting $132.94. The company had a trading volume of 3,791,987 shares, compared to its average volume of 2,776,756. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26. Estée Lauder Companies has a 52 week low of $102.22 and a 52 week high of $209.64. The stock’s 50 day moving average price is $145.88 and its 200 day moving average price is $138.18. The stock has a market cap of $47.66 billion, a price-to-earnings ratio of 74.69, a PEG ratio of 3.56 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that Estée Lauder Companies will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $0.66 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.99%. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.