Estée Lauder Companies (EL) Set to Announce Quarterly Earnings on Wednesday

Estée Lauder Companies (NYSE:EL) will release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Estée Lauder Companies to post earnings of $0.47 per share for the quarter. Estée Lauder Companies has set its FY 2024 guidance at 2.080-2.230 EPS and its Q3 2024 guidance at 0.360-0.460 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the firm earned $1.54 EPS. The company’s revenue was down 7.4% compared to the same quarter last year. On average, analysts expect Estée Lauder Companies to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Estée Lauder Companies Stock Up 1.0 %

Estée Lauder Companies stock opened at $148.90 on Wednesday. Estée Lauder Companies has a twelve month low of $102.22 and a twelve month high of $255.80. The firm has a 50 day moving average price of $146.75 and a 200-day moving average price of $138.10. The company has a market capitalization of $53.38 billion, a P/E ratio of 114.54, a P/E/G ratio of 3.78 and a beta of 1.07. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 203.08%.

Analyst Ratings Changes

Several analysts have issued reports on EL shares. Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. Raymond James raised their price objective on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 6th. StockNews.com cut shares of Estée Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. raised their price objective on shares of Estée Lauder Companies from $150.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Finally, Bank of America upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $170.00 in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $168.00.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, 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.