Estee Lauder Companies, Inc. (The) (NYSE:EL) released its quarterly earnings data on Wednesday. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.24, Bloomberg Earnings reports. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. Estee Lauder Companies, Inc. (The) had a net margin of 11.30% and a return on equity of 33.64%. Estee Lauder Companies, Inc. (The)’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. Estee Lauder Companies, Inc. (The) updated its Q2 guidance to $1.31-1.34 EPS and its FY18 guidance to $3.88-3.96 EPS.
Shares of Estee Lauder Companies, Inc. (NYSE:EL) traded down $0.41 during trading on Friday, hitting $121.71. 2,219,327 shares of the stock were exchanged, compared to its average volume of 1,964,832. The company has a market capitalization of $44.21 billion, a P/E ratio of 31.21 and a beta of 0.68.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is 36.76%.
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Several research analysts have recently weighed in on the stock. Telsey Advisory Group boosted their price objective on shares of Estee Lauder Companies, Inc. (The) from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday. Argus boosted their price objective on shares of Estee Lauder Companies, Inc. (The) from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank Of Canada restated an “outperform” rating and set a $135.00 price objective (up from $115.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Friday. KeyCorp restated an “overweight” rating and set a $135.00 price objective (up from $115.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $110.00 price target (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $117.42.
In other news, insider Fabrizio Freda sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $105.77, for a total transaction of $31,731,000.00. Following the completion of the sale, the insider now owns 373,174 shares of the company’s stock, valued at approximately $39,470,613.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alexandra C. Trower sold 25,446 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $120.39, for a total transaction of $3,063,443.94. Following the sale, the executive vice president now directly owns 7,732 shares of the company’s stock, valued at approximately $930,855.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 639,542 shares of company stock valued at $68,666,033. 16.24% of the stock is currently owned by insiders.
Estee Lauder Companies, Inc. (The) Company Profile
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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