The Estée Lauder Companies (NYSE:EL) Releases Q1 2022 Earnings Guidance

The Estée Lauder Companies (NYSE:EL) issued an update on its first quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.550-$1.650 for the period, compared to the Thomson Reuters consensus estimate of $1.830. The company issued revenue guidance of $4.17 billion-$4.24 billion, compared to the consensus revenue estimate of $4.21 billion.The Estée Lauder Companies also updated its FY 2022 guidance to $7.230-$7.380 EPS.

NYSE EL opened at $325.00 on Friday. The Estée Lauder Companies has a 12 month low of $204.23 and a 12 month high of $347.82. The company has a 50-day moving average of $330.50 and a 200-day moving average of $310.79. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.84 and a quick ratio of 1.37. The company has a market cap of $117.42 billion, a P/E ratio of 41.48, a P/E/G ratio of 3.94 and a beta of 0.94.

The Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, August 18th. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.28. The Estée Lauder Companies had a net margin of 17.70% and a return on equity of 44.03%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company posted ($0.53) EPS. The company’s quarterly revenue was up 62.0% compared to the same quarter last year. As a group, equities research analysts anticipate that The Estée Lauder Companies will post 7.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Monday, August 30th. The Estée Lauder Companies’s dividend payout ratio is currently 32.87%.

EL has been the subject of a number of research reports. DA Davidson boosted their target price on The Estée Lauder Companies from $367.00 to $393.00 and gave the stock a buy rating in a report on Friday, August 20th. Oppenheimer boosted their target price on The Estée Lauder Companies from $330.00 to $355.00 and gave the stock an outperform rating in a report on Thursday, July 22nd. UBS Group initiated coverage on The Estée Lauder Companies in a report on Wednesday, June 23rd. They set a neutral rating and a $323.00 target price for the company. Societe Generale initiated coverage on The Estée Lauder Companies in a report on Wednesday, July 14th. They set a hold rating and a $335.00 target price for the company. Finally, Evercore ISI boosted their target price on The Estée Lauder Companies from $355.00 to $365.00 and gave the stock an outperform rating in a report on Friday, August 20th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, The Estée Lauder Companies presently has an average rating of Buy and a consensus target price of $338.35.

In related news, CFO Tracey Thomas Travis sold 26,792 shares of the company’s stock in a transaction that occurred on Friday, June 25th. The stock was sold at an average price of $310.01, for a total transaction of $8,305,787.92. Following the sale, the chief financial officer now directly owns 58,131 shares of the company’s stock, valued at approximately $18,021,191.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael O’hare sold 2,947 shares of the stock in a transaction on Friday, September 3rd. The stock was sold at an average price of $343.18, for a total value of $1,011,351.46. Following the completion of the sale, the executive vice president now directly owns 6,916 shares in the company, valued at $2,373,432.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 360,567 shares of company stock valued at $118,735,672. Company insiders own 13.95% of the company’s stock.

An institutional investor recently raised its position in The Estée Lauder Companies stock. Morgan Stanley boosted its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 100.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,778,605 shares of the company’s stock after buying an additional 1,895,658 shares during the period. Morgan Stanley owned 1.04% of The Estée Lauder Companies worth $1,201,900,000 as of its most recent SEC filing. 56.00% of the stock is currently owned by institutional investors.

The Estée Lauder Companies Company Profile

The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.

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

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