Estee Lauder Companies (NYSE:EL) Posts Earnings Results, Beats Expectations By $0.11 EPS

Estee Lauder Companies (NYSE:EL) announced its earnings results on Monday. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11, Morningstar.com reports. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS.

Estee Lauder Companies stock opened at $202.20 on Wednesday. The company’s 50 day simple moving average is $185.83 and its 200 day simple moving average is $170.38. Estee Lauder Companies has a fifty-two week low of $121.47 and a fifty-two week high of $206.00. The firm has a market capitalization of $64.85 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.38 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.69 and a quick ratio of 1.26.

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

A number of brokerages recently issued reports on EL. Stifel Nicolaus increased their target price on shares of Estee Lauder Companies from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada increased their target price on shares of Estee Lauder Companies to $200.00 in a research report on Tuesday. Zacks Investment Research upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a research report on Tuesday. Citigroup increased their target price on shares of Estee Lauder Companies from $197.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets increased their target price on shares of Estee Lauder Companies from $155.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $187.67.

A number of institutional investors have recently added to or reduced their stakes in EL. Magellan Asset Management Ltd bought a new position in Estee Lauder Companies during the 2nd quarter worth approximately $442,334,000. Nuveen Asset Management LLC boosted its stake in Estee Lauder Companies by 41,387.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,343,235 shares of the company’s stock worth $429,069,000 after acquiring an additional 2,337,587 shares during the last quarter. Morgan Stanley boosted its stake in Estee Lauder Companies by 104.8% during the 2nd quarter. Morgan Stanley now owns 3,750,994 shares of the company’s stock worth $686,843,000 after acquiring an additional 1,919,751 shares during the last quarter. FMR LLC boosted its stake in Estee Lauder Companies by 10.9% during the 1st quarter. FMR LLC now owns 17,499,760 shares of the company’s stock worth $2,897,086,000 after acquiring an additional 1,724,423 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Estee Lauder Companies by 130.6% during the 2nd quarter. Bank of Montreal Can now owns 834,111 shares of the company’s stock worth $152,734,000 after acquiring an additional 472,325 shares during the last quarter. 54.82% of the stock is currently owned by institutional investors and hedge funds.

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 for Estee Lauder Companies (NYSE:EL)

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