Estée Lauder Companies (EL) to Release Earnings on Wednesday

Estée Lauder Companies (NYSE:EL - Get Free Report) 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.Parties that wish to register for the company's conference call can do so using this link.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the company earned $1.54 EPS. 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 traded down $1.62 during mid-day trading on Wednesday, hitting $147.36. 1,839,009 shares of the company's stock traded hands, compared to its average volume of 2,644,438. The firm has a 50 day moving average of $146.75 and a two-hundred day moving average of $138.10. Estée Lauder Companies has a 12 month low of $102.22 and a 12 month high of $253.24. The firm has a market capitalization of $52.82 billion, a price-to-earnings ratio of 113.31, a price-to-earnings-growth ratio of 3.86 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid 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 1.79%. Estée Lauder Companies's payout ratio is 203.08%.

Analysts Set New Price Targets

EL has been the subject of a number of research reports. Raymond James raised their price objective on Estée Lauder Companies from $150.00 to $175.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, February 6th. Oppenheimer reaffirmed a "market perform" rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Telsey Advisory Group raised their price target on Estée Lauder Companies from $115.00 to $155.00 and gave the company a "market perform" rating in a report on Tuesday, February 6th. StockNews.com downgraded shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a research report on Wednesday, February 14th. Finally, Citigroup raised Estée Lauder Companies from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $160.00 to $175.00 in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $168.00.

Estée Lauder Companies Company Profile

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.