The Estee Lauder Companies Inc. (EL) to Issue Quarterly Dividend of $0.35 on September 15th

The Estee Lauder Companies Inc. (NYSE:EL) declared a quarterly dividend on Tuesday, August 18th. Investors of record on Monday, August 31st will be paid a dividend of 0.35 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 31st.

Estee Lauder Companies has raised its dividend by an average of 0.0%annually over the last three years. Estee Lauder Companies has a dividend payout ratio of 63.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Estee Lauder Companies to earn $3.18 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 44.0%.

Estee Lauder Companies Stock Performance

Shares of EL stock opened at $98.10 on Thursday. Estee Lauder Companies has a 52-week low of $66.22 and a 52-week high of $121.64. The stock has a market capitalization of $35.49 billion, a PE ratio of -140.15, a price-to-earnings-growth ratio of 0.66 and a beta of 1.25. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 1.71. The stock’s 50-day moving average price is $84.40 and its 200 day moving average price is $86.67.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Estee Lauder Companies had a positive return on equity of 20.66% and a negative net margin of 1.67%.The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter last year, the business posted $0.09 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. As a group, equities research analysts forecast that Estee Lauder Companies will post 2.41 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on EL. Barclays upped their target price on Estee Lauder Companies from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Jefferies Financial Group lifted their target price on shares of Estee Lauder Companies from $80.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, July 28th. The Goldman Sachs Group assumed coverage on shares of Estee Lauder Companies in a report on Monday, June 22nd. They issued a “buy” rating and a $100.00 price objective for the company. Sanford C. Bernstein assumed coverage on shares of Estee Lauder Companies in a research note on Friday, June 12th. They issued a “market perform” rating and a $82.00 price objective for the company. Finally, Canaccord Genuity Group increased their price target on Estee Lauder Companies from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $96.84.

About Estee Lauder Companies

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.