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

Estée Lauder Companies (NYSE:EL) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.18-0.28 for the period, compared to the consensus estimate of $0.75. Estée Lauder Companies also updated its FY 2024 guidance to 2.140-2.240 EPS.

Analysts Set New Price Targets

A number of analysts recently weighed in on EL shares. Royal Bank of Canada upped their price target on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the stock a sector perform rating in a research report on Tuesday, February 6th. Telsey Advisory Group reiterated a market perform rating and issued a $155.00 target price on shares of Estée Lauder Companies in a research note on Wednesday. Oppenheimer reissued a market perform rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Canaccord Genuity Group lowered their price objective on shares of Estée Lauder Companies from $140.00 to $131.00 and set a hold rating for the company in a research report on Thursday. Finally, Bank of America raised shares of Estée Lauder Companies from a neutral rating to a buy rating and boosted their target price for the stock from $160.00 to $170.00 in a research report on Thursday, March 28th. Seventeen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $160.92.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock traded down $2.00 on Friday, reaching $132.94. 3,791,987 shares of the company were exchanged, compared to its average volume of 2,776,756. The firm has a market cap of $47.66 billion, a price-to-earnings ratio of 74.69, a P/E/G ratio of 3.56 and a beta of 1.07. Estée Lauder Companies has a 1-year low of $102.22 and a 1-year high of $209.64. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.96 and a current ratio of 1.58. The company’s 50-day moving average is $145.88 and its two-hundred day moving average is $138.18.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.49. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. As a group, research analysts expect that Estée Lauder Companies will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.66 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.64 annualized dividend and a yield of 1.99%. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

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.