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

Estée Lauder Companies (NYSE:EL) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.18-0.28 for the period, compared to the consensus estimate of $0.75. Estée Lauder Companies also updated its FY 2024 guidance to 2.140-2.240 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com upgraded Estée Lauder Companies from a sell rating to a hold rating in a report on Thursday. Canaccord Genuity Group cut their price objective on Estée Lauder Companies from $140.00 to $131.00 and set a hold rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday. Oppenheimer reaffirmed a market perform rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Finally, Bernstein Bank boosted their price target on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday. Seventeen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $160.92.

Estée Lauder Companies Stock Performance

EL traded down $2.00 during trading on Friday, hitting $132.94. 3,791,987 shares of the stock were exchanged, compared to its average volume of 2,776,756. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. Estée Lauder Companies has a 1-year low of $102.22 and a 1-year high of $209.64. The stock has a fifty day moving average price of $145.88 and a two-hundred day moving average price of $138.18. The firm has a market capitalization of $47.66 billion, a P/E ratio of 74.69, a PEG ratio of 3.56 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last issued its quarterly 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. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, sell-side analysts predict that Estée Lauder Companies will post 2.22 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend 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 (DPR) is presently 148.31%.

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.