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

EL has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Estée Lauder Companies from $169.00 to $145.00 and set an overweight rating on the stock in a report on Thursday. Morgan Stanley cut Estée Lauder Companies from an overweight rating to an equal weight rating and reduced their price target for the company from $164.00 to $140.00 in a research report on Friday. Canaccord Genuity Group lowered their price objective on Estée Lauder Companies from $140.00 to $131.00 and set a hold rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday. Finally, Oppenheimer reissued a market perform rating on shares of Estée Lauder Companies in a report on Monday, April 15th. 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 company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $160.92.

Estée Lauder Companies Stock Down 1.5 %

Shares of EL traded down $2.00 during midday trading on Friday, reaching $132.94. The 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 PEG ratio of 3.56 and a beta of 1.07. The company’s fifty day simple moving average is $145.88 and its two-hundred day simple moving average is $138.18. Estée Lauder Companies has a 1-year low of $102.22 and a 1-year high of $209.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96.

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

Estée Lauder Companies Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.99%. Estée Lauder Companies’s dividend payout ratio 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.