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The Estée Lauder Companies (NYSE:EL) Issues Earnings Results, Beats Estimates By $0.30 EPS

Tuesday, May 4, 2021 | MarketBeat

The Estée Lauder Companies (NYSE:EL) announced its quarterly earnings data on Sunday. The company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.30, RTT News reports. The Estée Lauder Companies had a net margin of 4.38% and a return on equity of 32.72%. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm's revenue for the quarter was up 15.5% on a year-over-year basis.

NYSE EL opened at $288.93 on Tuesday. The stock's 50 day moving average is $299.85 and its 200 day moving average is $267.20. The company has a current ratio of 1.85, a quick ratio of 1.39 and a debt-to-equity ratio of 1.10. The Estée Lauder Companies has a 12 month low of $158.25 and a 12 month high of $318.34. The stock has a market cap of $104.81 billion, a PE ratio of 176.18, a P/E/G ratio of 3.76 and a beta of 0.87.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Friday, May 28th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 0.73%. The Estée Lauder Companies's dividend payout ratio is presently 51.46%.

A number of equities analysts recently weighed in on EL shares. Sanford C. Bernstein started coverage on shares of The Estée Lauder Companies in a report on Tuesday, January 19th. They issued an "outperform" rating and a $311.00 price objective for the company. Jefferies Financial Group raised The Estée Lauder Companies from a "hold" rating to a "buy" rating and increased their price target for the company from $240.00 to $310.00 in a report on Monday, February 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on The Estée Lauder Companies from $316.00 to $337.00 and gave the stock a "buy" rating in a report on Monday. Evercore ISI increased their target price on The Estée Lauder Companies from $300.00 to $355.00 and gave the company an "outperform" rating in a report on Wednesday, April 28th. Finally, Credit Suisse Group boosted their price target on The Estée Lauder Companies from $254.00 to $305.00 and gave the company an "outperform" rating in a research note on Monday, February 8th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. The Estée Lauder Companies presently has an average rating of "Buy" and a consensus price target of $297.78.

In related news, CFO Tracey Thomas Travis sold 22,924 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 54,263 shares of the company's stock, valued at approximately $16,279,442.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Sara E. Moss sold 12,000 shares of the business's stock in a transaction that occurred on Friday, April 9th. The stock was sold at an average price of $300.00, for a total value of $3,600,000.00. Following the completion of the transaction, the insider now directly owns 12,000 shares in the company, valued at $3,600,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,149,073 shares of company stock worth $608,055,929. 13.95% of the stock is owned by insiders.

About The Estée Lauder Companies

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, 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.

Further Reading: Market Capitalization - What it Means for Investors

Earnings History for The Estée Lauder Companies (NYSE:EL)

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