Estee Lauder Companies (NYSE:EL) issued its quarterly earnings data on Tuesday. The company reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.20, RTT News reports. Estee Lauder Companies had a net margin of 8.48% and a return on equity of 38.29%. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the company posted $1.52 EPS. The company’s revenue was up 7.0% on a year-over-year basis.
EL stock opened at $152.02 on Wednesday. The company has a market capitalization of $49.41 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.32 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.75 and a quick ratio of 1.28. Estee Lauder Companies has a one year low of $121.47 and a one year high of $158.80.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.13%. Estee Lauder Companies’s payout ratio is currently 38.14%.
In other Estee Lauder Companies news, EVP Carl P. Haney sold 12,898 shares of Estee Lauder Companies stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $141.38, for a total value of $1,823,519.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Demsey sold 11,179 shares of Estee Lauder Companies stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $136.02, for a total transaction of $1,520,567.58. Following the completion of the sale, the insider now directly owns 10,288 shares of the company’s stock, valued at $1,399,373.76. The disclosure for this sale can be found here. Insiders sold a total of 275,217 shares of company stock valued at $39,081,561 over the last ninety days. 16.13% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in EL. Advisors Asset Management Inc. boosted its holdings in shares of Estee Lauder Companies by 15,320.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 7,402 shares of the company’s stock valued at $1,056,000 after purchasing an additional 7,354 shares during the last quarter. Ibex Wealth Advisors lifted its holdings in shares of Estee Lauder Companies by 3.9% during the 3rd quarter. Ibex Wealth Advisors now owns 13,810 shares of the company’s stock valued at $2,013,000 after acquiring an additional 522 shares in the last quarter. We Are One Seven LLC acquired a new position in shares of Estee Lauder Companies during the 3rd quarter valued at $228,000. Bremer Trust National Association lifted its holdings in shares of Estee Lauder Companies by 39.0% during the 3rd quarter. Bremer Trust National Association now owns 14,377 shares of the company’s stock valued at $2,089,000 after acquiring an additional 4,035 shares in the last quarter. Finally, EFG Asset Management Americas Corp. lifted its holdings in shares of Estee Lauder Companies by 13.0% during the 3rd quarter. EFG Asset Management Americas Corp. now owns 19,354 shares of the company’s stock valued at $2,813,000 after acquiring an additional 2,222 shares in the last quarter. 54.38% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on EL shares. Piper Jaffray Companies set a $152.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Monday, October 22nd. Stifel Nicolaus dropped their price objective on shares of Estee Lauder Companies from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, October 15th. Zacks Investment Research reissued a “buy” rating and set a $159.00 price objective on shares of Estee Lauder Companies in a research note on Tuesday, November 13th. Citigroup raised shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $155.00 in a research note on Wednesday, January 2nd. Finally, ValuEngine raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. Estee Lauder Companies presently has an average rating of “Buy” and an average price target of $152.05.
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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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