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

Estée Lauder Companies (NYSE:EL) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.180-0.280 for the period, compared to the consensus EPS 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 Ratings Changes

EL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday. Barclays dropped their price objective on shares of Estée Lauder Companies from $150.00 to $140.00 and set an equal weight rating on the stock in a report on Friday. StockNews.com upgraded shares of Estée Lauder Companies from a sell rating to a hold rating in a research report on Thursday. Raymond James lifted their price target on Estée Lauder Companies from $150.00 to $175.00 and gave the company a strong-buy rating in a report on Tuesday, February 6th. Finally, Bernstein Bank lifted their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday. Seventeen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies currently has a consensus rating of Hold and an average target price of $160.92.

Estée Lauder Companies Stock Down 1.5 %

EL traded down $2.00 on Friday, hitting $132.94. 3,791,987 shares of the company were exchanged, 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’s fifty day moving average is $145.88 and its 200-day moving average is $138.18. The company has a market cap of $47.66 billion, a PE ratio of 74.69, a PEG 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.

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

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given 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 dividend payout ratio (DPR) is presently 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.