Estée Lauder Companies (NYSE:EL) Issues Quarterly Earnings Results, Beats Expectations By $0.49 EPS

Estée Lauder Companies (NYSE:EL) announced its earnings results on Wednesday. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49, RTT News reports. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. Estée Lauder Companies’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share.

Estée Lauder Companies Stock Performance

Shares of EL opened at $132.95 on Friday. The company has a market cap of $47.66 billion, a PE ratio of 74.69, a price-to-earnings-growth ratio of 3.56 and a beta of 1.07. The firm has a 50-day moving average of $146.22 and a 200-day moving average of $138.23. Estée Lauder Companies has a one year low of $102.22 and a one year high of $209.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio is currently 148.32%.

Analyst Ratings Changes

EL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday. Morgan Stanley lowered Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $164.00 to $140.00 in a research report on Friday. The Goldman Sachs Group started coverage on shares of Estée Lauder Companies in a research report on Friday, March 1st. They issued a “neutral” rating and a $145.00 price target for the company. Wells Fargo & Company boosted their price objective on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Finally, Bank of America raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $170.00 in a research report on Thursday, March 28th. Seventeen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $160.92.

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.