Estee Lauder Companies (NYSE:EL) Posts Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Estee Lauder Companies (NYSE:EL) issued its quarterly earnings results on Monday. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21, Zacks reports. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.65 billion.

Estee Lauder Companies Trading Up 0.1%

Shares of EL stock opened at $109.35 on Monday. The stock has a market cap of $39.56 billion, a P/E ratio of 223.16, a P/E/G ratio of 1.59 and a beta of 1.27. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.79. Estee Lauder Companies has a fifty-two week low of $66.22 and a fifty-two week high of $121.64. The business has a fifty day simple moving average of $100.36 and a 200-day simple moving average of $91.92.

Estee Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.40 annualized dividend and a yield of 1.3%. Estee Lauder Companies’s dividend payout ratio is 285.71%.

Insider Buying and Selling

In other Estee Lauder Companies news, Director Charlene Barshefsky sold 3,775 shares of Estee Lauder Companies stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $98.82, for a total transaction of $373,045.50. Following the completion of the transaction, the director owned 50,971 shares in the company, valued at approximately $5,036,954.22. The trade was a 6.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg sold 58,000 shares of Estee Lauder Companies stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $98.17, for a total transaction of $5,693,860.00. Following the transaction, the director owned 417,300 shares of the company’s stock, valued at approximately $40,966,341. The trade was a 12.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,105 shares of company stock worth $7,423,185 in the last three months. Corporate insiders own 11.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Argus upped their price objective on Estee Lauder Companies from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 28th. The Goldman Sachs Group boosted their target price on shares of Estee Lauder Companies from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, October 16th. UBS Group lowered their price target on shares of Estee Lauder Companies from $106.00 to $104.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Jefferies Financial Group increased their price target on shares of Estee Lauder Companies from $100.00 to $120.00 and gave the company a “hold” rating in a report on Monday, October 19th. Finally, Barclays upgraded shares of Estee Lauder Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $97.00 to $108.00 in a research note on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $106.92.

About Estee Lauder Companies

The Estée Lauder Companies Inc (NYSE: EL) is a global prestige beauty company that develops, markets and sells skincare, makeup, fragrance and hair-care products. Its portfolio includes brands such as Estée Lauder, Clinique, M·A·C, La Mer, Jo Malone London, Aveda, Bobbi Brown Cosmetics, Tom Ford Beauty, Le Labo and The Ordinary.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.