Estée Lauder Companies (NYSE:EL) Releases FY22 Earnings Guidance

Estée Lauder Companies (NYSE:ELGet Rating) issued an update on its FY22 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $7.05 to $7.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.56.

A number of equities analysts recently issued reports on EL shares. Oppenheimer lowered their price objective on shares of Estée Lauder Companies from $350.00 to $300.00 and set an outperform rating for the company in a research report on Wednesday, March 16th. Edward Jones upgraded shares of Estée Lauder Companies from a hold rating to a buy rating in a report on Wednesday, April 27th. Bank of America cut their price objective on Estée Lauder Companies from $375.00 to $330.00 and set a neutral rating on the stock in a report on Friday, February 4th. StockNews.com assumed coverage on Estée Lauder Companies in a research report on Thursday, March 31st. They set a hold rating on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Estée Lauder Companies from $338.00 to $317.00 and set an overweight rating for the company in a research report on Wednesday, March 30th. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of $352.10.

Shares of NYSE:EL opened at $260.63 on Tuesday. Estée Lauder Companies has a 1 year low of $248.42 and a 1 year high of $374.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 1.27. The business’s 50-day moving average is $273.24 and its 200-day moving average is $312.87. The company has a market capitalization of $93.48 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 3.19 and a beta of 1.04.

Estée Lauder Companies (NYSE:ELGet Rating) last issued its quarterly earnings results on Thursday, February 3rd. The company reported $3.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.38. The firm had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.49 billion. Estée Lauder Companies had a return on equity of 44.71% and a net margin of 18.35%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.61 earnings per share. Analysts anticipate that Estée Lauder Companies will post 7.53 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.92%. Estée Lauder Companies’s payout ratio is 27.12%.

In other news, EVP Carl P. Haney sold 1,152 shares of the company’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $307.94, for a total value of $354,746.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael O’hare sold 16,389 shares of the firm’s stock in a transaction dated Friday, February 4th. The shares were sold at an average price of $309.88, for a total transaction of $5,078,623.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,816 shares of company stock valued at $15,940,998. Insiders own 12.91% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Horizon Investments LLC increased its position in shares of Estée Lauder Companies by 3.3% during the 4th quarter. Horizon Investments LLC now owns 1,741 shares of the company’s stock valued at $645,000 after purchasing an additional 56 shares during the last quarter. Colony Group LLC grew its position in Estée Lauder Companies by 4.6% during the fourth quarter. Colony Group LLC now owns 1,291 shares of the company’s stock valued at $478,000 after buying an additional 57 shares during the period. Belpointe Asset Management LLC increased its holdings in Estée Lauder Companies by 5.0% during the fourth quarter. Belpointe Asset Management LLC now owns 1,638 shares of the company’s stock worth $607,000 after buying an additional 78 shares during the last quarter. Zullo Investment Group Inc. bought a new stake in Estée Lauder Companies in the fourth quarter worth about $55,000. Finally, Thrivent Financial for Lutherans boosted its stake in Estée Lauder Companies by 1.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,203 shares of the company’s stock valued at $4,411,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 58.85% of the company’s stock.

Estée Lauder Companies Company Profile (Get Rating)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. 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 and Estimates for Estée Lauder Companies (NYSE:EL)

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