Estee Lauder Companies Inc (EL) Raises Dividend to $0.43 Per Share

Estee Lauder Companies Inc (NYSE:EL) announced a quarterly dividend on Wednesday, October 31st, RTT News reports. Investors of record on Friday, November 30th will be paid a dividend of 0.43 per share on Monday, December 17th. This represents a $1.72 annualized dividend and a dividend yield of 1.25%. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.38.

Estee Lauder Companies has raised its dividend by an average of 18.6% per year over the last three years and has increased its dividend every year for the last 4 years.

Shares of EL opened at $137.44 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.86 and a quick ratio of 1.37. Estee Lauder Companies has a one year low of $110.52 and a one year high of $158.80. The company has a market cap of $48.18 billion, a P/E ratio of 30.47, a PEG ratio of 2.34 and a beta of 0.61.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.19. Estee Lauder Companies had a return on equity of 36.09% and a net margin of 8.10%. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities analysts predict that Estee Lauder Companies will post 4.73 EPS for the current year.

In other Estee Lauder Companies news, Director Jane Lauder sold 36,334 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $133.23, for a total transaction of $4,840,778.82. Following the sale, the director now owns 45,037 shares in the company, valued at approximately $6,000,279.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Ronald S. Foundation Lauder sold 15,700 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $139.32, for a total value of $2,187,324.00. Following the sale, the insider now owns 82,671 shares in the company, valued at approximately $11,517,723.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,756 shares of company stock worth $14,739,082. 16.13% of the stock is owned by corporate insiders.

Several analysts recently commented on EL shares. Wells Fargo & Co dropped their price target on Estee Lauder Companies from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 17th. JPMorgan Chase & Co. lowered Estee Lauder Companies from an “overweight” rating to a “neutral” rating and set a $138.00 price objective on the stock. in a research note on Friday, October 12th. Citigroup lowered their price objective on Estee Lauder Companies from $158.00 to $149.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 21st. Atlantic Securities initiated coverage on Estee Lauder Companies in a research note on Thursday, September 20th. They set an “overweight” rating and a $162.00 price objective on the stock. Finally, Stifel Nicolaus lowered their price objective on Estee Lauder Companies from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 15th. One equities research 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 company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $145.87.

Estee Lauder Companies Company Profile

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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Dividend History for Estee Lauder Companies (NYSE:EL)

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