Estee Lauder Companies (EL) Updates FY19 Earnings Guidance

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Estee Lauder Companies (NYSE:EL) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $5.15-5.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.06. The company issued revenue guidance of $14.65-14.79 billion, compared to the consensus revenue estimate of $14.55 billion.Estee Lauder Companies also updated its FY 2019 guidance to $5.15-5.19 EPS.

Several research firms recently commented on EL. Piper Jaffray Companies lifted their price target on Estee Lauder Companies from $161.00 to $178.00 and gave the stock a positive rating in a research report on Thursday, April 25th. Zacks Investment Research raised shares of Estee Lauder Companies from a hold rating to a buy rating and set a $140.00 price objective for the company in a research note on Friday, January 18th. Raymond James raised their price objective on shares of Estee Lauder Companies from $164.00 to $181.00 and gave the stock an outperform rating in a research note on Thursday. UBS Group raised their price objective on shares of Estee Lauder Companies from $153.00 to $172.00 and gave the stock a neutral rating in a research note on Thursday. Finally, ValuEngine downgraded shares of Estee Lauder Companies from a buy rating to a hold rating in a research note on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $170.00.

Shares of Estee Lauder Companies stock traded up $3.41 on Friday, hitting $173.66. 62,057 shares of the company traded hands, compared to its average volume of 1,876,587. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.27 and a current ratio of 1.71. Estee Lauder Companies has a 52 week low of $121.47 and a 52 week high of $180.20. The company has a market capitalization of $62.05 billion, a PE ratio of 38.45, a P/E/G ratio of 2.62 and a beta of 0.72.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.25. Estee Lauder Companies had a net margin of 11.49% and a return on equity of 40.38%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. On average, analysts forecast that Estee Lauder Companies will post 5.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, May 30th. Estee Lauder Companies’s dividend payout ratio is presently 38.14%.

In related news, Chairman William P. Lauder sold 12,418 shares of Estee Lauder Companies stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $156.45, for a total transaction of $1,942,796.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Irvine O. Hockaday, Jr. sold 1,500 shares of Estee Lauder Companies stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $155.31, for a total transaction of $232,965.00. The disclosure for this sale can be found here. Insiders have sold 563,328 shares of company stock valued at $87,653,683 in the last ninety days. Insiders own 16.13% of the company’s stock.

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About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Earnings History and Estimates for Estee Lauder Companies (NYSE:EL)

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