Estee Lauder Companies (NYSE:EL) Updates Q1 Earnings Guidance

Estee Lauder Companies (NYSE:EL) updated its first quarter earnings guidance on Monday. The company provided earnings per share guidance of $1.56-1.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.55. Estee Lauder Companies also updated its FY 2020 guidance to $5.90-5.98 EPS.

EL has been the topic of several research analyst reports. Telsey Advisory Group reiterated an outperform rating and issued a $195.00 price objective (up from $190.00) on shares of Estee Lauder Companies in a report on Thursday, May 2nd. Royal Bank of Canada lifted their price objective on Estee Lauder Companies to $200.00 in a report on Tuesday. Evercore ISI set a $190.00 price objective on Estee Lauder Companies and gave the stock a buy rating in a report on Monday, August 12th. UBS Group lifted their price objective on Estee Lauder Companies from $172.00 to $205.00 and gave the stock a neutral rating in a report on Tuesday. Finally, Piper Jaffray Companies lifted their price objective on Estee Lauder Companies from $178.00 to $187.00 and gave the stock an overweight rating in a report on Monday, August 12th. 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. The company presently has a consensus rating of Buy and a consensus price target of $187.67.

Shares of Estee Lauder Companies stock opened at $202.20 on Wednesday. The stock has a market cap of $64.85 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.38 and a beta of 0.81. The stock’s 50 day simple moving average is $185.83 and its 200-day simple moving average is $170.38. Estee Lauder Companies has a 1-year low of $121.47 and a 1-year high of $206.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.69 and a quick ratio of 1.26.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.11. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, research analysts expect that Estee Lauder Companies will post 5.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio is currently 32.21%.

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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