Estée Lauder Companies (NYSE:EL) Issues Earnings Results

Estée Lauder Companies (NYSE:EL - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.49, RTT News reports. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The firm had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.92 billion. During the same quarter last year, the business posted $0.47 earnings per share. The company's revenue for the quarter was up 5.0% compared to the same quarter last year.

Estée Lauder Companies Stock Down 13.2 %

NYSE:EL traded down $19.34 during mid-day trading on Wednesday, reaching $127.37. The company's stock had a trading volume of 11,758,456 shares, compared to its average volume of 2,762,002. Estée Lauder Companies has a 1 year low of $102.22 and a 1 year high of $246.48. The stock has a fifty day moving average of $146.50 and a 200-day moving average of $138.26. The firm has a market capitalization of $45.66 billion, a PE ratio of 97.98, a price-to-earnings-growth ratio of 3.85 and a beta of 1.07. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.07%. Estée Lauder Companies's dividend payout ratio (DPR) is presently 203.08%.

Analysts Set New Price Targets

Several brokerages recently weighed in on EL. JPMorgan Chase & Co. boosted their price target on shares of Estée Lauder Companies from $150.00 to $167.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 6th. DA Davidson restated a "buy" rating and issued a $191.00 price target on shares of Estée Lauder Companies in a research report on Monday, April 22nd. Oppenheimer restated a "market perform" rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Barclays boosted their price target on shares of Estée Lauder Companies from $146.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 25th. Finally, Citigroup upgraded shares of Estée Lauder Companies from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $160.00 to $175.00 in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies has a consensus rating of "Hold" and an average price target of $168.36.

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.