The Estée Lauder Companies Inc. Announces Quarterly Dividend of $0.66 (NYSE:EL)

The Estée Lauder Companies Inc. (NYSE:ELGet Free Report) declared a quarterly dividend on Monday, February 5th, RTT News reports. Investors of record on Thursday, February 29th will be paid a dividend of 0.66 per share on Friday, March 15th. This represents a $2.64 annualized dividend and a dividend yield of 1.76%.

Estée Lauder Companies has raised its dividend by an average of 21.0% per year over the last three years. Estée Lauder Companies has a dividend payout ratio of 64.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Estée Lauder Companies to earn $4.01 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 65.8%.

Estée Lauder Companies Stock Up 12.0 %

Shares of NYSE:EL opened at $150.28 on Tuesday. The business’s 50 day moving average is $136.83 and its 200 day moving average is $142.91. The company has a quick ratio of 0.97, a current ratio of 1.45 and a debt-to-equity ratio of 1.33. Estée Lauder Companies has a 12-month low of $102.22 and a 12-month high of $267.91. The stock has a market cap of $53.78 billion, a price-to-earnings ratio of 98.87, a PEG ratio of 4.17 and a beta of 1.07.

Estée Lauder Companies (NYSE:ELGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 13.93% and a net margin of 3.54%. The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Estée Lauder Companies will post 2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Berenberg Bank cut Estée Lauder Companies from a “buy” rating to a “hold” rating and dropped their price target for the company from $224.00 to $118.00 in a research report on Friday, November 3rd. JPMorgan Chase & Co. upped their price target on Estée Lauder Companies from $118.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Piper Sandler decreased their price objective on Estée Lauder Companies from $164.00 to $155.00 in a research note on Tuesday, October 10th. Bank of America decreased their price objective on Estée Lauder Companies from $175.00 to $148.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 17th. Finally, Barclays boosted their price objective on Estée Lauder Companies from $101.00 to $121.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $177.93.

View Our Latest Report on Estée Lauder Companies

Institutional Investors Weigh In On Estée Lauder Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Chilton Capital Management LLC bought a new position in shares of Estée Lauder Companies in the 1st quarter worth approximately $37,000. Cornerstone Planning Group LLC bought a new position in shares of Estée Lauder Companies in the 2nd quarter worth approximately $39,000. Quilter Plc bought a new position in shares of Estée Lauder Companies in the 2nd quarter worth approximately $47,000. Sunbelt Securities Inc. bought a new position in shares of Estée Lauder Companies in the 1st quarter worth approximately $52,000. Finally, Money Concepts Capital Corp raised its position in shares of Estée Lauder Companies by 32.3% in the 4th quarter. Money Concepts Capital Corp now owns 209 shares of the company’s stock worth $52,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

(Get Free Report)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

See Also

Dividend History for Estée Lauder Companies (NYSE:EL)

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