Estée Lauder Companies (NYSE:EL) Updates Q4 2024 Earnings Guidance

Estée Lauder Companies (NYSE:EL) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.180-0.280 for the period, compared to the consensus estimate of 0.760. The company issued revenue guidance of $3.8 billion-$3.9 billion, compared to the consensus revenue estimate of $4.1 billion. Estée Lauder Companies also updated its FY 2024 guidance to 2.140-2.240 EPS.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EL. The Goldman Sachs Group began coverage on Estée Lauder Companies in a research report on Friday, March 1st. They set a neutral rating and a $145.00 target price for the company. Raymond James lifted their price objective on Estée Lauder Companies from $150.00 to $175.00 and gave the company a strong-buy rating in a report on Tuesday, February 6th. Morgan Stanley cut shares of Estée Lauder Companies from an overweight rating to an equal weight rating and dropped their target price for the stock from $164.00 to $140.00 in a research report on Friday. Oppenheimer restated a market perform rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Finally, Wells Fargo & Company lifted their target price on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the company an overweight rating in a research note on Tuesday, February 6th. Seventeen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $160.92.

Estée Lauder Companies Trading Down 1.5 %

Estée Lauder Companies stock traded down $2.00 during midday trading on Friday, hitting $132.94. 3,791,987 shares of the stock were exchanged, compared to its average volume of 2,776,756. Estée Lauder Companies has a 52 week low of $102.22 and a 52 week high of $209.64. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $47.66 billion, a PE ratio of 74.69, a P/E/G ratio of 3.56 and a beta of 1.07. The company has a fifty day simple moving average of $145.88 and a two-hundred day simple moving average of $138.18.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the prior year, the company earned $0.47 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Estée Lauder Companies will post 2.22 EPS 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. Investors 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 payout ratio is presently 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.