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

Estée Lauder Companies (NYSE:EL) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.140-2.240 for the period, compared to the consensus estimate of 2.250. The company issued revenue guidance of $15.4 billion-$15.6 billion, compared to the consensus revenue estimate of $15.8 billion. Estée Lauder Companies also updated its FY24 guidance to $2.14-2.24 EPS.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup upgraded shares of Estée Lauder Companies from a neutral rating to a buy rating and upped their target price for the company from $160.00 to $175.00 in a research report on Tuesday, April 2nd. Barclays increased their price objective on shares of Estée Lauder Companies from $146.00 to $150.00 and gave the stock an equal weight rating in a research report on Thursday, April 25th. Telsey Advisory Group reaffirmed a market perform rating and set a $155.00 target price on shares of Estée Lauder Companies in a research report on Thursday, April 25th. Bank of America upgraded shares of Estée Lauder Companies from a neutral rating to a buy rating and increased their price objective for the company from $160.00 to $170.00 in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Estée Lauder Companies from $150.00 to $167.00 and gave the company an overweight rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of $168.17.

Estée Lauder Companies Stock Down 9.2 %

Shares of NYSE EL traded down $13.47 during mid-day trading on Wednesday, reaching $133.24. The company had a trading volume of 2,531,333 shares, compared to its average volume of 2,646,009. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16. The firm has a 50 day simple moving average of $146.90 and a two-hundred day simple moving average of $138.33. The stock has a market cap of $47.76 billion, a P/E ratio of 104.75, a PEG ratio of 3.85 and a beta of 1.07. Estée Lauder Companies has a 52-week low of $102.22 and a 52-week high of $246.48.

Estée Lauder Companies (NYSE:EL) last posted its 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. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the firm posted $0.47 EPS. The company’s revenue was up 5.0% on a year-over-year basis. Sell-side analysts predict that Estée Lauder Companies will post 2.23 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.98%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 203.08%.

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.