Estée Lauder Companies (NYSE:EL) Issues FY24 Earnings Guidance

Estée Lauder Companies (NYSE:EL) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.14-2.24 for the period, compared to the consensus earnings per share estimate of $2.25. The company issued revenue guidance of ~$15.4-15.6 billion, compared to the consensus revenue estimate of $15.81 billion. Estée Lauder Companies also updated its FY 2024 guidance to 2.140-2.240 EPS.

Estée Lauder Companies Price Performance

Shares of EL stock traded down $2.00 on Friday, hitting $132.94. 3,791,987 shares of the stock traded hands, compared to its average volume of 2,776,756. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96. Estée Lauder Companies has a 52 week low of $102.22 and a 52 week high of $209.64. The firm has a 50 day simple moving average of $145.88 and a two-hundred day simple moving average of $138.18. The firm has a market cap of $47.66 billion, a price-to-earnings ratio of 74.69, a PEG ratio of 3.56 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. As a group, equities research analysts predict that Estée Lauder Companies will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 30th. Estée Lauder Companies’s payout ratio is 148.31%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a sector perform rating in a research note on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft decreased their price target on Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the company an overweight rating in a research report on Tuesday, February 6th. Raymond James raised their target price on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a strong-buy rating in a report on Tuesday, February 6th. Finally, StockNews.com raised shares of Estée Lauder Companies from a sell rating to a hold rating in a research note on Thursday. Seventeen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies presently has a consensus rating of Hold and a consensus target price of $160.92.

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.