Estée Lauder Companies (NYSE:EL) Releases Earnings Results, Beats Expectations By $0.39 EPS

Estée Lauder Companies (NYSE:EL) announced its quarterly earnings data on Monday. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39, Briefing.com reports. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. Estée Lauder Companies’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share.

Estée Lauder Companies Price Performance

Shares of NYSE:EL traded up $0.54 during midday trading on Wednesday, hitting $91.51. 5,127,247 shares of the stock were exchanged, compared to its average volume of 3,018,972. The stock has a market cap of $32.81 billion, a P/E ratio of 52.02, a PEG ratio of 1.79 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. Estée Lauder Companies has a twelve month low of $86.05 and a twelve month high of $165.76. The company has a 50 day moving average price of $102.14 and a 200-day moving average price of $126.98.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.31%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Bernstein Bank raised their target price on shares of Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday, May 1st. JPMorgan Chase & Co. cut their price objective on shares of Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday. Stifel Nicolaus cut their price objective on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday. Citigroup cut their price objective on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Morgan Stanley cut their price objective on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $124.13.

Insider Transactions at Estée Lauder Companies

In related news, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the transaction, the executive vice president now owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.77% of the company’s stock.

Estée Lauder Companies Company Profile

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.