Estee Lauder Companies (NYSE:EL) Announces Earnings Results

Estee Lauder Companies (NYSE:EL) issued its earnings results on Monday. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.51 by $0.21, Zacks reports. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%.

Estee Lauder Companies Trading Up 0.1%

Estee Lauder Companies stock opened at $109.35 on Monday. The company’s fifty day moving average price is $100.36 and its two-hundred day moving average price is $91.92. Estee Lauder Companies has a one year low of $66.22 and a one year high of $121.64. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.22 and a quick ratio of 0.90. The company has a market capitalization of $39.56 billion, a price-to-earnings ratio of 223.16, a PEG ratio of 1.59 and a beta of 1.27.

Estee Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a dividend of $0.35 per share. The ex-dividend date was Monday, August 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Estee Lauder Companies’s dividend payout ratio is 285.71%.

Insiders Place Their Bets

In other Estee Lauder Companies news, Director Paul J. Fribourg sold 58,000 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $98.17, for a total value of $5,693,860.00. Following the transaction, the director owned 417,300 shares of the company’s stock, valued at approximately $40,966,341. The trade was a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Rashida La Lande sold 7,766 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $103.32, for a total value of $802,383.12. Following the completion of the transaction, the vice president owned 14,357 shares in the company, valued at $1,483,365.24. The trade was a 35.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 75,105 shares of company stock valued at $7,423,185 in the last quarter. Insiders own 11.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on EL shares. Morgan Stanley boosted their target price on Estee Lauder Companies from $102.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. Wall Street Zen downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Raymond James Financial boosted their price objective on shares of Estee Lauder Companies from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 20th. UBS Group decreased their target price on shares of Estee Lauder Companies from $106.00 to $104.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. Finally, Piper Sandler increased their price objective on shares of Estee Lauder Companies from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.92.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc (NYSE: EL) is a global prestige beauty company that develops, markets and sells skincare, makeup, fragrance and hair-care products. Its portfolio includes brands such as Estée Lauder, Clinique, M·A·C, La Mer, Jo Malone London, Aveda, Bobbi Brown Cosmetics, Tom Ford Beauty, Le Labo and The Ordinary.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.