Estée Lauder Companies (NYSE:EL) Releases Q4 2024 Earnings Guidance

Estée Lauder Companies (NYSE:EL) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.180-0.280 for the period, compared to the consensus estimate of 0.760. The company issued revenue guidance of $3.8 billion-$3.9 billion, compared to the consensus revenue estimate of $4.1 billion. Estée Lauder Companies also updated its FY 2024 guidance to 2.140-2.240 EPS.

Estée Lauder Companies Stock Performance

NYSE:EL traded down $13.47 during mid-day trading on Wednesday, hitting $133.24. The stock had a trading volume of 2,531,333 shares, compared to its average volume of 2,646,009. Estée Lauder Companies has a 52 week low of $102.22 and a 52 week high of $246.48. The stock has a market capitalization of $47.76 billion, a price-to-earnings ratio of 104.75, a P/E/G ratio of 3.85 and a beta of 1.07. The company has a 50 day simple moving average of $146.90 and a 200-day simple moving average of $138.33. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm earned $0.47 EPS. Estée Lauder Companies’s revenue was up 5.0% on a year-over-year basis. On average, research analysts expect that Estée Lauder Companies will post 2.23 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.98%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 203.08%.

Analyst Upgrades and Downgrades

EL has been the topic of a number of research analyst reports. DA Davidson reaffirmed a buy rating and set a $191.00 price objective on shares of Estée Lauder Companies in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft cut shares of Estée Lauder Companies from a buy rating to a hold rating and set a $146.00 target price for the company. in a research note on Tuesday, January 2nd. Bank of America upgraded shares of Estée Lauder Companies from a neutral rating to a buy rating and lifted their target price for the company from $160.00 to $170.00 in a research note on Thursday, March 28th. Wells Fargo & Company lifted their target price on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the company an overweight rating in a research note on Tuesday, February 6th. Finally, The Goldman Sachs Group assumed coverage on shares of Estée Lauder Companies in a research note on Friday, March 1st. They issued a neutral rating and a $145.00 target price for the company. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $168.17.

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.