Estée Lauder Companies (NYSE:EL) Releases Q4 2024 Earnings Guidance

Estée Lauder Companies (NYSE:EL) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.180-0.280 for the period, compared to the consensus estimate of 0.760. The company issued revenue guidance of $3.8 billion-$3.9 billion, compared to the consensus revenue estimate of $4.1 billion. Estée Lauder Companies also updated its FY 2024 guidance to 2.140-2.240 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Estée Lauder Companies from $155.00 to $175.00 and gave the company an overweight rating in a research report on Tuesday, February 6th. StockNews.com raised Estée Lauder Companies from a sell rating to a hold rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday. The Goldman Sachs Group assumed coverage on Estée Lauder Companies in a research report on Friday, March 1st. They set a neutral rating and a $145.00 price target on the stock. Finally, Bernstein Bank upped their price target on Estée Lauder Companies from $155.00 to $160.00 in a research report on Wednesday. Seventeen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $160.92.

Estée Lauder Companies Stock Down 1.5 %

Shares of NYSE EL traded down $2.00 during mid-day trading on Friday, reaching $132.94. 3,791,987 shares of the company traded hands, compared to its average volume of 2,776,756. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.96 and a current ratio of 1.58. The stock has a market cap of $47.66 billion, a PE ratio of 74.69, a price-to-earnings-growth ratio of 3.56 and a beta of 1.07. The company’s fifty day moving average is $145.88 and its two-hundred day moving average is $138.18. Estée Lauder Companies has a fifty-two week low of $102.22 and a fifty-two week high of $209.64.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect that Estée Lauder Companies will post 2.22 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, May 30th. This represents a $2.64 annualized dividend and a yield of 1.99%. Estée Lauder Companies’s payout ratio is 148.31%.

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.