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

Estée Lauder Companies (NYSE:EL) is set to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce 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.Individual that are interested in participating in the company’s earnings 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, topping the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The firm’s revenue for the quarter 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 Performance

NYSE EL opened at $148.90 on Wednesday. The business’s 50-day moving average price is $146.75 and its 200 day moving average price is $138.10. Estée Lauder Companies has a twelve month low of $102.22 and a twelve month high of $255.80. The company has a market capitalization of $53.38 billion, a PE ratio of 114.54, a price-to-earnings-growth ratio of 3.78 and a beta of 1.07. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies Announces Dividend

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

Analyst Ratings Changes

EL has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Raymond James increased their target price on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 6th. Citigroup upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their target price for the company from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Telsey Advisory Group increased their target price on Estée Lauder Companies from $115.00 to $155.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. increased their target price on Estée Lauder Companies from $150.00 to $167.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.