The Estée Lauder Companies (NYSE:EL) Releases Earnings Results, Beats Estimates By $0.30 EPS


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The Estée Lauder Companies (NYSE:EL) released its quarterly earnings results on Sunday. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.30, RTT News reports. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.90 billion. The Estée Lauder Companies had a net margin of 4.38% and a return on equity of 32.72%. The Estée Lauder Companies’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS.

Shares of The Estée Lauder Companies stock traded up $12.34 during trading on Tuesday, hitting $301.27. 74,849 shares of the company’s stock traded hands, compared to its average volume of 1,408,972. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.85 and a quick ratio of 1.39. The firm’s fifty day moving average price is $299.85 and its 200 day moving average price is $267.20. The Estée Lauder Companies has a twelve month low of $158.25 and a twelve month high of $318.34. The company has a market cap of $109.29 billion, a PE ratio of 176.96, a PEG ratio of 3.76 and a beta of 0.87.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Friday, May 28th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, May 27th. This represents a $2.12 annualized dividend and a dividend yield of 0.70%. The Estée Lauder Companies’s dividend payout ratio (DPR) is currently 51.46%.

A number of research analysts have recently weighed in on EL shares. Wells Fargo & Company upgraded shares of The Estée Lauder Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $290.00 to $340.00 in a report on Tuesday, March 30th. Sanford C. Bernstein started coverage on shares of The Estée Lauder Companies in a research note on Tuesday, January 19th. They issued an “outperform” rating and a $311.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Estée Lauder Companies from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Monday. Jefferies Financial Group upgraded shares of The Estée Lauder Companies from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $310.00 in a research note on Monday, February 8th. Finally, Argus raised their target price on shares of The Estée Lauder Companies from $320.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, April 13th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $297.30.

In related news, EVP Michael O’hare sold 19,457 shares of The Estée Lauder Companies stock in a transaction dated Wednesday, February 24th. The shares were sold at an average price of $288.57, for a total transaction of $5,614,706.49. Following the completion of the transaction, the executive vice president now directly owns 10,771 shares of the company’s stock, valued at approximately $3,108,187.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cedric Prouve sold 22,439 shares of The Estée Lauder Companies stock in a transaction dated Wednesday, February 24th. The shares were sold at an average price of $296.05, for a total transaction of $6,643,065.95. Following the transaction, the insider now directly owns 255,929 shares of the company’s stock, valued at $75,767,780.45. The disclosure for this sale can be found here. Insiders have sold a total of 2,149,073 shares of company stock valued at $608,055,929 over the last three months. 13.95% of the stock is currently owned by insiders.

The Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

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Earnings History for The Estée Lauder Companies (NYSE:EL)

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