The Estée Lauder Companies Inc. (EL) To Go Ex-Dividend on February 28th

The Estée Lauder Companies Inc. (NYSE:EL) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.35 per share on Monday, March 17th. This represents a $1.40 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Friday, February 28th.

Estée Lauder Companies has raised its dividend payment by an average of 2.1% per year over the last three years. Estée Lauder Companies has a dividend payout ratio of 53.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Estée Lauder Companies to earn $2.55 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 54.9%.

Estée Lauder Companies Stock Down 5.3 %

Shares of Estée Lauder Companies stock opened at $65.79 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The business’s 50 day simple moving average is $77.22 and its 200-day simple moving average is $83.52. The stock has a market capitalization of $23.62 billion, a price-to-earnings ratio of 117.49, a PEG ratio of 5.89 and a beta of 1.03. Estée Lauder Companies has a twelve month low of $62.29 and a twelve month high of $159.54.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Equities research analysts forecast that Estée Lauder Companies will post 1.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the purchase, the director now owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. The trade was a 49.36 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EL. UBS Group increased their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. TD Cowen decreased their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. CICC Research assumed coverage on Estée Lauder Companies in a report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price objective for the company. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Wednesday, October 16th. Finally, Piper Sandler increased their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $90.55.

Estée Lauder Companies Company Profile

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, and powders, as well as compacts, brushes, and other makeup tools.