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

The Estée Lauder Companies Inc. (NYSE:EL) announced a quarterly dividend on Thursday, October 31st,RTT News reports. Stockholders 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 dividend yield of 1.89%. The ex-dividend date is Friday, November 29th.

Estée Lauder Companies has increased its dividend payment by an average of 21.0% annually over the last three years. Estée Lauder Companies has a payout ratio of 89.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Estée Lauder Companies to earn $2.54 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 55.1%.

Estée Lauder Companies Trading Up 1.0 %

EL opened at $73.93 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. Estée Lauder Companies has a twelve month low of $62.29 and a twelve month high of $159.75. The stock has a market capitalization of $26.54 billion, a price-to-earnings ratio of 132.02, a P/E/G ratio of 4.73 and a beta of 1.05. The company has a 50-day simple moving average of $81.96 and a 200 day simple moving average of $97.05.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 EPS. Analysts predict that Estée Lauder Companies will post 1.48 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg acquired 75,500 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the transaction, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the sale, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.

Analyst Ratings Changes

EL has been the topic of several recent analyst reports. Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $105.00 to $80.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut Estée Lauder Companies from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $113.00 to $74.00 in a research report on Friday, November 1st. Piper Sandler boosted their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. DA Davidson restated a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group decreased their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and a consensus price target of $98.57.

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.