Estee Lauder Companies Inc (NYSE:EL) announced a quarterly dividend on Friday, February 2nd, RTT News reports. Investors of record on Wednesday, February 28th will be given a dividend of 0.38 per share on Thursday, March 15th. This represents a $1.52 annualized dividend and a yield of 1.09%. The ex-dividend date is Tuesday, February 27th.
Estee Lauder Companies has increased its dividend payment by an average of 18.6% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Estee Lauder Companies has a dividend payout ratio of 36.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Estee Lauder Companies to earn $4.94 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 30.8%.
Shares of Estee Lauder Companies (NYSE:EL) opened at $139.82 on Thursday. Estee Lauder Companies has a 52-week low of $81.69 and a 52-week high of $142.21. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market cap of $51,249.59, a price-to-earnings ratio of 33.58, a P/E/G ratio of 2.47 and a beta of 0.74.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.08. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.68 billion. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 EPS. equities analysts forecast that Estee Lauder Companies will post 4.36 earnings per share for the current year.
A number of equities analysts have issued reports on EL shares. Argus lifted their price objective on shares of Estee Lauder Companies from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a report on Tuesday, January 9th. Macquarie lifted their price objective on shares of Estee Lauder Companies from $1.45 to $1.50 and gave the stock an “outperform” rating in a report on Thursday, December 21st. Jefferies Group set a $140.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Friday, December 1st. Finally, BMO Capital Markets lifted their price objective on shares of Estee Lauder Companies from $107.00 to $126.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Estee Lauder Companies has a consensus rating of “Buy” and an average target price of $129.83.
In related news, insider John Demsey sold 77,608 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $127.52, for a total value of $9,896,572.16. Following the sale, the insider now directly owns 23,305 shares in the company, valued at approximately $2,971,853.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Fabrizio Freda sold 54,610 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $140.78, for a total value of $7,687,995.80. Following the completion of the sale, the insider now owns 127,784 shares in the company, valued at $17,989,431.52. The disclosure for this sale can be found here. Insiders sold a total of 232,006 shares of company stock worth $31,246,148 over the last three months. 16.24% of the stock is owned by insiders.
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About Estee Lauder Companies
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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