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 earnings per share guidance of 0.180-0.280 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

Several analysts have commented on EL shares. Raymond James raised their price objective on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a strong-buy rating in a report on Tuesday, February 6th. Bernstein Bank raised their target price on Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday. Canaccord Genuity Group decreased their price objective on Estée Lauder Companies from $140.00 to $131.00 and set a hold rating for the company in a report on Thursday. Citigroup upgraded shares of Estée Lauder Companies from a neutral rating to a buy rating and boosted their target price for the company from $160.00 to $175.00 in a report on Tuesday, April 2nd. Finally, DA Davidson reiterated a buy rating and issued a $191.00 price target on shares of Estée Lauder Companies in a research note on Monday, April 22nd. 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 an average target price of $160.92.

Estée Lauder Companies Stock Performance

EL traded down $2.00 during mid-day trading on Friday, reaching $132.94. 3,791,987 shares of the company traded hands, compared to its average volume of 2,776,756. The stock has a market capitalization of $47.66 billion, a P/E ratio of 74.69, a P/E/G ratio of 3.56 and a beta of 1.07. Estée Lauder Companies has a 52-week low of $102.22 and a 52-week high of $209.64. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The company’s fifty day moving average price is $145.88 and its 200-day moving average price is $138.18.

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

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.66 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.64 annualized dividend and a yield of 1.99%. Estée Lauder Companies’s payout ratio is presently 148.31%.

Estée Lauder Companies Company Profile

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.