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

Estée Lauder Companies (NYSE:EL) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $2.14-2.24 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

EL has been the topic of several analyst reports. Bernstein Bank increased their price target on shares of Estée Lauder Companies from $155.00 to $160.00 in a research report on Wednesday. Citigroup upgraded Estée Lauder Companies from a neutral rating to a buy rating and lifted their price target for the company from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday. The Goldman Sachs Group began coverage on Estée Lauder Companies in a research note on Friday, March 1st. They issued a neutral rating and a $145.00 price objective on the stock. Finally, Bank of America raised shares of Estée Lauder Companies from a neutral rating to a buy rating and lifted their price target for the company from $160.00 to $170.00 in a report on Thursday, March 28th. Seventeen equities research 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’s stock. According to MarketBeat, Estée Lauder Companies presently has an average rating of Hold and a consensus target price of $160.92.

Estée Lauder Companies Trading Down 1.5 %

EL stock traded down $2.00 during mid-day trading on Friday, reaching $132.94. The company’s stock had a trading volume of 3,791,987 shares, compared to its average volume of 2,776,756. The company has a market cap of $47.66 billion, a price-to-earnings ratio of 74.69, a price-to-earnings-growth ratio of 3.56 and a beta of 1.07. Estée Lauder Companies has a 12 month low of $102.22 and a 12 month high of $209.64. The business’s 50 day moving average price is $145.88 and its 200 day moving average price is $138.18. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26.

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

Estée Lauder Companies Announces Dividend

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

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.