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

Estée Lauder Companies (NYSE:EL) will be posting its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Estée Lauder Companies to post earnings of $0.09 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 EPS. On average, analysts expect Estée Lauder Companies to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Estée Lauder Companies Stock Up 0.1 %

Shares of NYSE:EL opened at $88.78 on Wednesday. The company has a market capitalization of $31.83 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 1.47 and a beta of 1.01. Estée Lauder Companies has a 12-month low of $82.39 and a 12-month high of $159.75. The business has a 50-day moving average price of $91.17 and a 200 day moving average price of $107.32. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $105.00 price objective on shares of Estée Lauder Companies in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price target on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a research note on Tuesday, August 20th. StockNews.com cut Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Evercore ISI decreased their target price on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Finally, B. Riley assumed coverage on Estée Lauder Companies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 target price for the company. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus target price of $116.91.

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, and powders, as well as compacts, brushes, and other makeup tools.