The Estée Lauder Companies Inc. (EL) To Go Ex-Dividend on November 29th

The Estée Lauder Companies Inc. (NYSE:EL) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.35 per share on Monday, December 16th. This represents a $1.40 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, November 29th.

Estée Lauder Companies has increased its dividend payment by an average of 21.0% per year over the last three years. Estée Lauder Companies has a dividend payout ratio of 91.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Estée Lauder Companies to earn $3.97 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 66.5%.

Estée Lauder Companies Stock Down 3.4 %

Estée Lauder Companies stock opened at $66.58 on Friday. Estée Lauder Companies has a twelve month low of $63.36 and a twelve month high of $159.75. The firm has a 50 day moving average price of $90.09 and a 200-day moving average price of $106.42. The company has a market capitalization of $23.88 billion, a P/E ratio of 118.89, a P/E/G ratio of 1.53 and a beta of 1.01. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the prior year, the firm earned $0.11 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts predict that Estée Lauder Companies will post 2.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EL. Royal Bank of Canada reduced their target price on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday. UBS Group reduced their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. JPMorgan Chase & Co. downgraded shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $113.00 to $74.00 in a report on Friday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $105.00 price objective on shares of Estée Lauder Companies in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a report on Tuesday, August 20th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $104.18.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

About Estée Lauder Companies

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.