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

Estée Lauder Companies (NYSE:EL) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.140-2.240 for the period, compared to the consensus earnings per share estimate of 2.250. The company issued revenue guidance of $15.4 billion-$15.6 billion, compared to the consensus revenue estimate of $15.8 billion. Estée Lauder Companies also updated its FY24 guidance to $2.14-2.24 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Estée Lauder Companies from a buy rating to a hold rating and set a $146.00 price objective for the company. in a research report on Tuesday, January 2nd. DA Davidson reaffirmed a buy rating and set a $191.00 target price on shares of Estée Lauder Companies in a research report on Monday, April 22nd. StockNews.com cut Estée Lauder Companies from a hold rating to a sell rating in a research report on Wednesday, February 14th. Telsey Advisory Group reissued a market perform rating and issued a $155.00 price objective on shares of Estée Lauder Companies in a research report on Thursday, April 25th. Finally, Citigroup raised Estée Lauder Companies from a neutral rating to a buy rating and boosted their price objective for the stock from $160.00 to $175.00 in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies presently has a consensus rating of Hold and an average price target of $168.17.

Estée Lauder Companies Stock Down 9.2 %

EL stock traded down $13.47 on Wednesday, reaching $133.24. 2,531,333 shares of the company traded hands, compared to its average volume of 2,646,009. Estée Lauder Companies has a one year low of $102.22 and a one year high of $246.48. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96. The company has a market cap of $47.76 billion, a P/E ratio of 104.75, a price-to-earnings-growth ratio of 3.85 and a beta of 1.07. The firm has a fifty day simple moving average of $146.90 and a 200-day simple moving average of $138.33.

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

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.98%. Estée Lauder Companies’s dividend payout ratio is 203.08%.

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.