Estee Lauder Companies, Inc. (The) (EL) Issues Earnings Results, Beats Estimates By $0.24 EPS
Estee Lauder Companies, Inc. (The) (NYSE:EL) released its quarterly earnings data on Wednesday. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.24, Bloomberg Earnings reports. Estee Lauder Companies, Inc. (The) had a return on equity of 33.64% and a net margin of 11.30%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Estee Lauder Companies, Inc. (The) updated its Q2 guidance to $1.31-1.34 EPS and its FY18 guidance to $3.88-3.96 EPS.
Shares of Estee Lauder Companies, Inc. (NYSE:EL) traded down $0.41 during trading on Friday, hitting $121.71. The stock had a trading volume of 2,209,681 shares, compared to its average volume of 1,964,832. The company has a market capitalization of $44.21 billion, a price-to-earnings ratio of 31.21 and a beta of 0.68.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.25%. Estee Lauder Companies, Inc. (The)’s payout ratio is 36.76%.
A number of brokerages have issued reports on EL. Royal Bank Of Canada reiterated an “outperform” rating and set a $135.00 price target (up previously from $115.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Friday. Morgan Stanley boosted their price target on Estee Lauder Companies, Inc. (The) from $122.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday. Argus boosted their price target on Estee Lauder Companies, Inc. (The) from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup Inc. boosted their price target on Estee Lauder Companies, Inc. (The) from $111.00 to $128.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, KeyCorp reiterated an “overweight” rating and set a $135.00 price target (up previously from $115.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Estee Lauder Companies, Inc. (The) currently has a consensus rating of “Buy” and an average target price of $117.42.
In other news, VP Sara E. Moss sold 14,552 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $100.22, for a total transaction of $1,458,401.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Sara E. Moss sold 3,971 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $108.00, for a total value of $428,868.00. The disclosure for this sale can be found here. Insiders have sold 639,542 shares of company stock worth $68,666,033 over the last ninety days. 16.24% of the stock is owned by insiders.
About Estee Lauder Companies, Inc. (The)
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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