The Estée Lauder Companies (NYSE:EL) released its earnings results on Sunday. The company reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.30, RTT News reports. The Estée Lauder Companies had a return on equity of 32.72% and a net margin of 4.38%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The business’s quarterly revenue was up 15.5% compared to the same quarter last year.
Shares of EL traded up $12.22 during trading hours on Tuesday, hitting $301.15. 79,194 shares of the company were exchanged, compared to its average volume of 1,408,972. The company has a quick ratio of 1.39, a current ratio of 1.85 and a debt-to-equity ratio of 1.10. The Estée Lauder Companies has a fifty-two week low of $158.25 and a fifty-two week high of $318.34. The company has a market cap of $109.24 billion, a price-to-earnings ratio of 176.96, a P/E/G ratio of 3.76 and a beta of 0.87. The firm’s fifty day moving average is $299.85 and its 200 day moving average is $267.20.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Friday, May 28th will be issued a $0.53 dividend. The ex-dividend date is Thursday, May 27th. This represents a $2.12 annualized dividend and a yield of 0.70%. The Estée Lauder Companies’s dividend payout ratio is presently 51.46%.
In other news, Vice Chairman Sara E. Moss sold 12,000 shares of the business’s stock in a transaction on Friday, April 9th. The stock was sold at an average price of $300.00, for a total transaction of $3,600,000.00. Following the completion of the transaction, the insider now owns 12,000 shares of the company’s stock, valued at approximately $3,600,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Tracey Thomas Travis sold 22,924 shares of the company’s stock in a transaction on Friday, April 9th. The stock was sold at an average price of $300.01, for a total value of $6,877,429.24. Following the sale, the chief financial officer now owns 54,263 shares of the company’s stock, valued at $16,279,442.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,149,073 shares of company stock valued at $608,055,929. 13.95% of the stock is owned by insiders.
A number of research firms recently weighed in on EL. Oppenheimer raised their target price on shares of The Estée Lauder Companies from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, April 20th. Morgan Stanley increased their price target on The Estée Lauder Companies from $331.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, April 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on The Estée Lauder Companies from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Monday. JPMorgan Chase & Co. dropped their price target on shares of The Estée Lauder Companies from $336.00 to $323.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Evercore ISI lifted their price objective on shares of The Estée Lauder Companies from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The Estée Lauder Companies presently has a consensus rating of “Buy” and a consensus target price of $297.30.
About The Estée Lauder Companies
The EstÃ©e Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. 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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