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

Estée Lauder Companies (NYSE:EL) released its quarterly earnings data on Monday. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.39, Briefing.com reports. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the business posted $0.07 EPS. Estée Lauder Companies’s revenue for the quarter was up 7.3% on a year-over-year basis.

Estée Lauder Companies Stock Performance

Shares of NYSE EL opened at $90.97 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $32.62 billion, a P/E ratio of 51.11, a P/E/G ratio of 1.79 and a beta of 0.99. Estée Lauder Companies has a 12 month low of $86.05 and a 12 month high of $165.76. The stock has a 50 day moving average of $102.14 and a 200-day moving average of $126.98.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 2.90%. Estée Lauder Companies’s dividend payout ratio is 148.31%.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies 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 transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 12.77% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on EL. DA Davidson cut their price target on shares of Estée Lauder Companies from $191.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. Morgan Stanley reduced their target price on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday. Citigroup dropped their price target on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $115.00 price objective on shares of Estée Lauder Companies in a research report on Monday. Finally, The Goldman Sachs Group dropped their target price on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday. Sixteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies presently has an average rating of “Hold” and a consensus target price of $124.13.

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.