Estée Lauder Companies (NYSE:EL) Releases Q4 2024 Earnings Guidance

Estée Lauder Companies (NYSE:EL) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.180-0.280 for the period, compared to the consensus EPS 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.

Estée Lauder Companies Price Performance

NYSE EL traded down $2.00 during trading on Friday, hitting $132.94. 3,791,987 shares of the company’s stock were exchanged, compared to its average volume of 2,776,756. The company has a market cap of $47.66 billion, a PE ratio of 74.69, a P/E/G ratio of 3.56 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26. Estée Lauder Companies has a fifty-two week low of $102.22 and a fifty-two week high of $209.64. The stock’s 50 day moving average price is $145.88 and its two-hundred day moving average price is $138.18.

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

Estée Lauder Companies Dividend Announcement

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 issued a dividend of $0.66 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.64 dividend on an annualized basis and a yield of 1.99%. Estée Lauder Companies’s payout ratio is currently 148.31%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. DA Davidson reiterated a buy rating and set a $191.00 price target on shares of Estée Lauder Companies in a research note on Monday, April 22nd. Citigroup upgraded Estée Lauder Companies from a neutral rating to a buy rating and boosted their target price for the stock from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Oppenheimer reaffirmed a market perform rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Barclays cut their price objective on Estée Lauder Companies from $150.00 to $140.00 and set an equal weight rating on the stock in a research report on Friday. Finally, Royal Bank of Canada lifted their target price on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a sector perform rating in a research note on Tuesday, February 6th. Seventeen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $160.92.

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.