Estee Lauder Companies (NYSE:EL) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

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Estee Lauder Companies (NYSE:EL) issued its earnings results on Monday. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.11, Morningstar.com reports. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.53 billion. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share.

EL stock opened at $203.72 on Thursday. The company has a market cap of $72.97 billion, a P/E ratio of 38.15, a P/E/G ratio of 2.64 and a beta of 0.81. Estee Lauder Companies has a 52 week low of $121.47 and a 52 week high of $206.00. The company’s 50-day moving average price is $186.23 and its 200 day moving average price is $170.72. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.66.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio is currently 32.21%.

In related news, EVP Alexandra C. Trower sold 6,608 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $203.78, for a total transaction of $1,346,578.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 16.13% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Conning Inc. lifted its holdings in shares of Estee Lauder Companies by 0.8% in the first quarter. Conning Inc. now owns 7,506 shares of the company’s stock valued at $1,243,000 after purchasing an additional 60 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of Estee Lauder Companies by 16.3% in the second quarter. Contravisory Investment Management Inc. now owns 429 shares of the company’s stock valued at $79,000 after purchasing an additional 60 shares in the last quarter. First Manhattan Co. lifted its holdings in shares of Estee Lauder Companies by 15.6% in the second quarter. First Manhattan Co. now owns 444 shares of the company’s stock valued at $81,000 after purchasing an additional 60 shares in the last quarter. CMC Financial Group lifted its holdings in shares of Estee Lauder Companies by 0.7% in the first quarter. CMC Financial Group now owns 8,536 shares of the company’s stock valued at $1,413,000 after purchasing an additional 61 shares in the last quarter. Finally, Berman Capital Advisors LLC lifted its holdings in shares of Estee Lauder Companies by 35.0% in the second quarter. Berman Capital Advisors LLC now owns 243 shares of the company’s stock valued at $44,000 after purchasing an additional 63 shares in the last quarter. 54.82% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Estee Lauder Companies from $205.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank of Canada lifted their target price on shares of Estee Lauder Companies to $200.00 in a report on Tuesday. DA Davidson lifted their target price on shares of Estee Lauder Companies from $6.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday. They noted that the move was a valuation call. BMO Capital Markets lifted their target price on shares of Estee Lauder Companies from $155.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 target price (up previously from $190.00) on shares of Estee Lauder Companies in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $188.88.

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 for Estee Lauder Companies (NYSE:EL)

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