Estée Lauder Companies (NYSE:EL) Issues Earnings Results

Estée Lauder Companies (NYSE:EL – Get Rating) posted its quarterly earnings data on Tuesday. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.23, Briefing.com reports. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Estée Lauder Companies had a net margin of 18.53% and a return on equity of 45.06%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 EPS. Estée Lauder Companies updated its FY22 guidance to $7.05 to $7.15 EPS.

Estée Lauder Companies stock opened at $241.83 on Friday. The firm has a 50 day simple moving average of $270.45 and a 200-day simple moving average of $311.48. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.75 and a quick ratio of 1.27. The stock has a market capitalization of $86.74 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.97 and a beta of 1.04. Estée Lauder Companies has a 12-month low of $227.49 and a 12-month high of $374.20.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, May 27th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 26.26%.

In related news, insider John Demsey sold 10,027 shares of the firm’s stock in a transaction that occurred on Wednesday, February 9th. The shares were sold at an average price of $319.68, for a total value of $3,205,431.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carl P. Haney sold 1,152 shares of the firm’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $307.94, for a total transaction of $354,746.88. The disclosure for this sale can be found here. Company insiders own 13.95% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Zullo Investment Group Inc. purchased a new stake in Estée Lauder Companies in the 4th quarter worth approximately $55,000. Crestwood Advisors Group LLC purchased a new stake in Estée Lauder Companies in the 4th quarter worth approximately $230,000. Cypress Capital Group purchased a new stake in Estée Lauder Companies in the 4th quarter worth approximately $278,000. Sequoia Financial Advisors LLC purchased a new stake in Estée Lauder Companies in the 4th quarter worth approximately $284,000. Finally, Paradigm Financial Partners LLC purchased a new stake in Estée Lauder Companies in the 4th quarter worth approximately $331,000. Institutional investors own 58.85% of the company’s stock.

EL has been the topic of several research analyst reports. Stifel Nicolaus reduced their price target on shares of Estée Lauder Companies from $355.00 to $335.00 and set a “buy” rating on the stock in a research report on Tuesday, April 5th. Raymond James reduced their price target on shares of Estée Lauder Companies from $345.00 to $320.00 in a research report on Wednesday. Citigroup raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $355.00 to $374.00 in a research report on Friday, February 4th. StockNews.com initiated coverage on shares of Estée Lauder Companies in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Oppenheimer reduced their price target on shares of Estée Lauder Companies from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies has an average rating of “Buy” and an average target price of $335.95.

About Estée Lauder Companies (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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