Estee Lauder Companies, Inc. (The) (NYSE:EL) announced a quarterly dividend on Wednesday, May 3rd, RTT News reports. Investors of record on Wednesday, May 31st will be given a dividend of 0.34 per share on Thursday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, May 26th.

Estee Lauder Companies, Inc. (The) has raised its dividend payment by an average of 18.8% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Estee Lauder Companies, Inc. (The) has a dividend payout ratio of 40.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Estee Lauder Companies, Inc. (The) to earn $3.77 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 36.1%.

Estee Lauder Companies, Inc. (NYSE:EL) traded down 0.05% during mid-day trading on Friday, hitting $97.50. The company had a trading volume of 1,920,817 shares. Estee Lauder Companies, Inc. has a 52-week low of $75.29 and a 52-week high of $97.78. The company has a market capitalization of $35.86 billion, a P/E ratio of 32.67 and a beta of 0.69. The company has a 50-day moving average price of $93.54 and a 200 day moving average price of $84.95.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its earnings results on Wednesday, May 3rd. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.18. Estee Lauder Companies, Inc. (The) had a return on equity of 33.40% and a net margin of 9.62%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. On average, analysts forecast that Estee Lauder Companies, Inc. will post $3.40 EPS for the current fiscal year.

Dividend History for Estee Lauder Companies, Inc. (The) (NYSE:EL)

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus decreased their target price on Estee Lauder Companies, Inc. (The) from $108.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, June 6th. Jefferies Group LLC upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Friday, June 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $100.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, May 31st. Societe Generale cut Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating and boosted their price target for the stock from $90.00 to $93.00 in a research note on Monday, May 15th. Finally, Vetr cut Estee Lauder Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $101.50 price target on the stock. in a research note on Wednesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $97.75.

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In other Estee Lauder Companies, Inc. (The) news, Director G. Scott Paterson acquired 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was acquired at an average cost of $0.07 per share, with a total value of $35,000.00. Also, insider John Demsey sold 27,524 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $97.00, for a total value of $2,669,828.00. Following the completion of the transaction, the insider now directly owns 27,524 shares of the company’s stock, valued at $2,669,828. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 930,000 shares of company stock valued at $60,800 and have sold 79,190 shares valued at $7,513,434. 16.98% of the stock is currently owned by corporate insiders.

Estee Lauder Companies, Inc. (The) Company Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

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