Estee Lauder Companies Inc (NYSE:EL) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Friday, May 31st will be paid a dividend of 0.43 per share on Monday, June 17th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, May 30th.
Estee Lauder Companies has increased its dividend by an average of 5.3% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Estee Lauder Companies has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Estee Lauder Companies to earn $5.77 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 29.8%.
Shares of NYSE:EL opened at $165.16 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62. Estee Lauder Companies has a 12 month low of $121.47 and a 12 month high of $180.20. The stock has a market capitalization of $59.77 billion, a P/E ratio of 36.62, a price-to-earnings-growth ratio of 2.49 and a beta of 0.72.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.25. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.56 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 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. On average, sell-side analysts forecast that Estee Lauder Companies will post 5.21 earnings per share for the current year.
In related news, Director Charlene Barshefsky sold 1,356 shares of Estee Lauder Companies stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $172.19, for a total transaction of $233,489.64. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at $688,760. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Zinterhofer Aerin Lauder Trust sold 2,800,000 shares of Estee Lauder Companies stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $166.21, for a total transaction of $465,388,000.00. The disclosure for this sale can be found here. Insiders have sold 3,355,144 shares of company stock valued at $555,645,054 in the last ninety days. Insiders own 16.13% of the company’s stock.
Several analysts have issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price objective (up previously from $190.00) on shares of Estee Lauder Companies in a research note on Thursday, May 2nd. BMO Capital Markets raised their price objective on shares of Estee Lauder Companies from $155.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Royal Bank of Canada downgraded shares of Estee Lauder Companies from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $173.00 to $178.00 in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Wells Fargo & Co raised their price objective on shares of Estee Lauder Companies from $142.00 to $155.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Finally, Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research note on Wednesday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $170.82.
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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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