The Estée Lauder Companies Inc. (NYSE:EL) Plans $0.35 Quarterly Dividend

The Estée Lauder Companies Inc. (NYSE:EL) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Stockholders 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 dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, February 28th.

Estée Lauder Companies has increased its dividend by an average of 2.1% annually 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 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 Price Performance

Shares of EL stock opened at $65.79 on Thursday. Estée Lauder Companies has a 12-month low of $62.29 and a 12-month high of $159.54. The firm has a market capitalization of $23.62 billion, a price-to-earnings ratio of 117.49, a price-to-earnings-growth ratio of 5.89 and a beta of 1.03. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm has a fifty day moving average of $77.22 and a 200-day moving average of $83.52.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Canaccord Genuity Group cut their price objective on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a research report on Friday, January 31st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday. HSBC cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research report on Wednesday, October 16th. Finally, Piper Sandler boosted their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $90.55.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 75,500 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the purchase, the director now owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 12.78% of the stock is currently owned by company insiders.

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.