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

Estée Lauder Companies (NYSE:EL) announced its quarterly earnings results on Monday. The company reported $0.64 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 analysts’ expectations of $3.80 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share.

Estée Lauder Companies Stock Up 0.6 %

Shares of EL traded up $0.58 during trading hours on Wednesday, hitting $91.55. The stock had a trading volume of 5,143,205 shares, compared to its average volume of 3,019,065. Estée Lauder Companies has a 1-year low of $86.05 and a 1-year high of $165.76. The firm has a market capitalization of $32.83 billion, a P/E ratio of 52.02, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The firm has a 50 day simple moving average of $102.14 and a 200-day simple moving average of $126.98. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15.

Estée Lauder Companies Announces Dividend

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

Insider Buying and Selling at Estée Lauder Companies

In related news, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction on 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 sale, the executive vice president now owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 12.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on EL shares. StockNews.com upgraded shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $115.00 target price on shares of Estée Lauder Companies in a research note on Monday. Raymond James downgraded Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. The Goldman Sachs Group reduced their target price on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Bernstein Bank raised their price target on shares of Estée Lauder Companies from $155.00 to $160.00 in a research report on Wednesday, May 1st. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $124.13.

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.