The Estée Lauder Companies Inc. (NYSE:EL) Plans $0.66 Quarterly Dividend

The Estée Lauder Companies Inc. (NYSE:EL) declared a quarterly dividend on Wednesday, May 1st, RTT News reports. Investors of record on Friday, May 31st will be given a dividend of 0.66 per share on Monday, June 17th. This represents a $2.64 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, May 31st.

Estée Lauder Companies has increased its dividend by an average of 21.0% per year over the last three years. Estée Lauder Companies has a payout ratio of 62.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Estée Lauder Companies to earn $4.21 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 62.7%.

Estée Lauder Companies Price Performance

EL stock opened at $127.37 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. Estée Lauder Companies has a 52 week low of $102.22 and a 52 week high of $246.48. The firm’s fifty day moving average is $146.50 and its 200 day moving average is $138.26. The firm has a market cap of $45.66 billion, a P/E ratio of 97.98, a P/E/G ratio of 3.85 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the firm earned $0.47 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts predict that Estée Lauder Companies will post 2.23 earnings per share for the current year.

Analysts Set New Price Targets

EL has been the topic of a number of recent analyst reports. DA Davidson reissued a “buy” rating and issued a $191.00 price target on shares of Estée Lauder Companies in a report on Monday, April 22nd. Raymond James raised their price target on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 6th. Barclays raised their price target on shares of Estée Lauder Companies from $146.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. raised their price target on shares of Estée Lauder Companies from $150.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $163.29.

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.