Estee Lauder Companies (NYSE:EL) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.73-4.82 for the period, compared to the Thomson Reuters consensus estimate of $4.77. The company issued revenue guidance of $14.24-14.38 billion (+4-5%), compared to the consensus revenue estimate of $14.32 billion.Estee Lauder Companies also updated its FY 2019 guidance to $4.73-4.82 EPS.
A number of equities analysts have recently issued reports on EL shares. Raymond James raised their price objective on Estee Lauder Companies from $151.00 to $154.00 and gave the stock an outperform rating in a research report on Thursday. Credit Suisse Group raised their price objective on Estee Lauder Companies from $156.00 to $165.00 and gave the stock an outperform rating in a research report on Thursday. Piper Jaffray Companies set a $156.00 price objective on Estee Lauder Companies and gave the stock an overweight rating in a research report on Tuesday, August 21st. DA Davidson upgraded Estee Lauder Companies from a neutral rating to a buy rating and raised their price objective for the stock from $134.00 to $167.00 in a research report on Tuesday, August 21st. Finally, Zacks Investment Research downgraded Estee Lauder Companies from a hold rating to a strong sell rating in a research report on Monday, October 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $146.33.
Shares of EL stock opened at $141.94 on Friday. The company has a market capitalization of $48.18 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 2.34 and a beta of 0.61. The company has a quick ratio of 1.37, a current ratio of 1.86 and a debt-to-equity ratio of 0.71. Estee Lauder Companies has a fifty-two week low of $118.82 and a fifty-two week high of $158.80.
Estee Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, October 31st. The company reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.19. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.48 billion. Estee Lauder Companies had a return on equity of 36.09% and a net margin of 8.10%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. On average, research analysts anticipate that Estee Lauder Companies will post 4.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be issued a $0.43 dividend. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.38. This represents a $1.72 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, November 29th. Estee Lauder Companies’s payout ratio is presently 33.70%.
In other Estee Lauder Companies news, major shareholder Ronald S. Foundation Lauder sold 15,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $139.32, for a total value of $2,187,324.00. Following the completion of the sale, the insider now owns 82,671 shares of the company’s stock, valued at $11,517,723.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jane Lauder sold 36,334 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $133.23, for a total value of $4,840,778.82. Following the completion of the sale, the director now directly owns 45,037 shares of the company’s stock, valued at approximately $6,000,279.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,756 shares of company stock valued at $14,739,082. 16.13% of the stock is currently owned by corporate insiders.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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