Telsey Advisory Group Weighs in on The Estée Lauder Companies Inc.’s FY2024 Earnings (NYSE:EL)

The Estée Lauder Companies Inc. (NYSE:EL) – Telsey Advisory Group lifted their FY2024 earnings estimates for Estée Lauder Companies in a research report issued to clients and investors on Thursday, May 2nd. Telsey Advisory Group analyst D. Telsey now expects that the company will earn $2.25 per share for the year, up from their previous forecast of $2.23. Telsey Advisory Group has a “Market Perform” rating and a $155.00 price target on the stock. The consensus estimate for Estée Lauder Companies’ current full-year earnings is $2.22 per share. Telsey Advisory Group also issued estimates for Estée Lauder Companies’ Q1 2025 earnings at $0.89 EPS, Q2 2025 earnings at $1.15 EPS, Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.95 EPS and FY2025 earnings at $3.96 EPS.

A number of other equities analysts have also commented on EL. JPMorgan Chase & Co. decreased their price objective on shares of Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Citigroup raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a research note on Tuesday, April 2nd. The Goldman Sachs Group initiated coverage on shares of Estée Lauder Companies in a research report on Friday, March 1st. They issued a “neutral” rating and a $145.00 target price for the company. Barclays cut their target price on shares of Estée Lauder Companies from $150.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday, May 1st. Seventeen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $160.92.

Estée Lauder Companies Trading Down 2.1 %

Shares of NYSE:EL opened at $130.13 on Monday. The stock has a market capitalization of $46.65 billion, a price-to-earnings ratio of 73.11, a PEG ratio of 3.50 and a beta of 1.07. Estée Lauder Companies has a 1-year low of $102.22 and a 1-year high of $209.64. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The company has a 50 day moving average price of $145.58 and a 200 day moving average price of $138.09.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.49. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share.

Hedge Funds Weigh In On Estée Lauder Companies

Large investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Estée Lauder Companies in the 4th quarter valued at $518,975,000. Jennison Associates LLC bought a new stake in Estée Lauder Companies during the first quarter worth about $291,171,000. Lazard Asset Management LLC grew its stake in Estée Lauder Companies by 68.5% during the third quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock worth $537,850,000 after buying an additional 1,512,982 shares in the last quarter. FMR LLC increased its holdings in Estée Lauder Companies by 35.4% in the 3rd quarter. FMR LLC now owns 5,311,174 shares of the company’s stock valued at $767,730,000 after buying an additional 1,387,271 shares during the period. Finally, Carmignac Gestion raised its position in shares of Estée Lauder Companies by 1,908.0% in the 4th quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock valued at $174,895,000 after buying an additional 1,136,201 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, May 30th. Estée Lauder Companies’s payout ratio is presently 148.32%.

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.