Estee Lauder Companies (EL) Releases FY19 Earnings Guidance

Estee Lauder Companies (NYSE:EL) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.73-4.82 for the period, compared to the Thomson Reuters consensus estimate of $4.77. The company issued revenue guidance of $14.24-14.38 billion (+4-5%), compared to the consensus revenue estimate of $14.32 billion.Estee Lauder Companies also updated its FY 2019 guidance to $4.73-4.82 EPS.

Shares of Estee Lauder Companies stock opened at $131.22 on Wednesday. Estee Lauder Companies has a twelve month low of $110.52 and a twelve month high of $158.80. The company has a quick ratio of 1.37, a current ratio of 1.86 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $46.13 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 2.25 and a beta of 0.61.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 20th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. Estee Lauder Companies had a net margin of 8.10% and a return on equity of 36.09%. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts expect that Estee Lauder Companies will post 4.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be paid a $0.43 dividend. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.38. This represents a $1.72 annualized dividend and a yield of 1.31%. Estee Lauder Companies’s payout ratio is 33.70%.

Several analysts have weighed in on EL shares. Wells Fargo & Co dropped their price objective on shares of Estee Lauder Companies from $168.00 to $165.00 and set an outperform rating for the company in a research note on Wednesday, October 17th. JPMorgan Chase & Co. cut shares of Estee Lauder Companies from an overweight rating to a neutral rating and set a $138.00 price objective for the company. in a research note on Friday, October 12th. Citigroup dropped their price objective on shares of Estee Lauder Companies from $158.00 to $149.00 and set a neutral rating for the company in a research note on Tuesday, August 21st. Atlantic Securities initiated coverage on shares of Estee Lauder Companies in a research note on Thursday, September 20th. They issued an overweight rating and a $162.00 price objective for the company. Finally, Stifel Nicolaus dropped their target price on shares of Estee Lauder Companies from $150.00 to $145.00 and set a buy rating for the company in a research report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the stock. Estee Lauder Companies presently has an average rating of Buy and a consensus target price of $145.87.

In other Estee Lauder Companies news, CEO Fabrizio Freda sold 31,055 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $138.42, for a total transaction of $4,298,633.10. Following the sale, the chief executive officer now directly owns 99,008 shares of the company’s stock, valued at approximately $13,704,687.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Irvine O. Hockaday, Jr. sold 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $137.57, for a total transaction of $233,869.00. Following the sale, the director now directly owns 15,040 shares in the company, valued at $2,069,052.80. The disclosure for this sale can be found here. Insiders have sold a total of 107,756 shares of company stock worth $14,739,082 over the last ninety days. 16.13% of the stock is currently owned by insiders.

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.

Recommended Story: Short Selling

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

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply