The Estée Lauder Companies (NYSE:EL) Posts Earnings Results, Beats Expectations By $0.30 EPS


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The Estée Lauder Companies (NYSE:EL) released its quarterly earnings results on Sunday. The company reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.30, RTT News reports. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.90 billion. The Estée Lauder Companies had a net margin of 4.38% and a return on equity of 32.72%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share.

Shares of EL stock traded up $13.18 on Tuesday, reaching $302.11. The company had a trading volume of 3,267,822 shares, compared to its average volume of 1,431,159. The stock has a market cap of $109.59 billion, a PE ratio of 176.96, a PEG ratio of 3.76 and a beta of 0.87. The company has a 50-day moving average of $299.85 and a 200-day moving average of $267.20. The company has a current ratio of 1.85, a quick ratio of 1.39 and a debt-to-equity ratio of 1.10. The Estée Lauder Companies has a 12 month low of $158.25 and a 12 month high of $318.34.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Friday, May 28th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, May 27th. This represents a $2.12 annualized dividend and a dividend yield of 0.70%. The Estée Lauder Companies’s payout ratio is currently 51.46%.

EL has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded The Estée Lauder Companies from a “hold” rating to a “buy” rating and increased their price target for the stock from $240.00 to $310.00 in a research report on Monday, February 8th. DA Davidson increased their target price on The Estée Lauder Companies from $348.00 to $367.00 and gave the stock a “buy” rating in a report on Tuesday. Raymond James cut The Estée Lauder Companies from an “outperform” rating to a “market perform” rating in a report on Monday, January 4th. Oppenheimer increased their price objective on shares of The Estée Lauder Companies from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, April 20th. Finally, Zacks Investment Research downgraded shares of The Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $329.00 target price for the company. in a research note on Monday, April 26th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $297.30.

In other The Estée Lauder Companies news, CFO Tracey Thomas Travis sold 22,924 shares of The Estée Lauder Companies stock in a transaction dated Tuesday, March 9th. The stock was sold at an average price of $285.01, for a total transaction of $6,533,569.24. Also, VP Sara E. Moss sold 17,576 shares of the business’s stock in a transaction dated Thursday, February 25th. The shares were sold at an average price of $290.78, for a total value of $5,110,749.28. Following the completion of the transaction, the vice president now directly owns 17,576 shares of the company’s stock, valued at $5,110,749.28. The disclosure for this sale can be found here. Insiders have sold a total of 2,149,073 shares of company stock worth $608,055,929 in the last three months. 13.95% of the stock is owned by insiders.

The Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

Further Reading: Debt-To-Equity Ratio

Earnings History for The Estée Lauder Companies (NYSE:EL)

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