Last $77.39 USD
Change Today -0.37 / -0.48%
Volume 1.3M
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

estee lauder companies-cl a (EL) Key Developments

The Estée Lauder Companies Inc.(NYSE:EL) added to S&P 500 Value Index

The Estée Lauder Companies Inc.(NYSE:EL) added to S&P 500 Value Index

Estée Lauder Plans To Hike Stake In Forest Essentials

The Estée Lauder Companies Inc. (NYSE:EL) is planning to hike its stake in Mountain Valley Springs India Private Limited (Forest Essentials). Estee Lauder is said to have appointed Deloitte to conduct due diligence. The quantum of stake to be acquired is not known, however the promoters would continue to own the majority stake.

The Estée Lauder Companies Inc. - Shareholder/Analyst Call

Annual Meeting of Stockholders

The Estée Lauder Companies Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter September 30, 2014; Provides Earnings Guidance for the Second Quarter of 2015 and Full Year Ending June 30, 2015

The Estée Lauder Companies Inc. announced unaudited consolidated earnings results for the first quarter September 30, 2014. For the quarter, the company reported net sales of $2,631.0 million against $2,675.0 million a year ago. Operating income was $348.0 million against $449.5 million a year ago. Earnings before income taxes were $334.8 million against $436.0 million a year ago. Net earnings attributable to the company were $228.1 million or $0.59 per diluted share against $300.7 million or $0.76 per diluted share a year ago. Net cash flows provided by operating activities were $127.7 million against $29.9 million a year ago. Capital expenditures were $78.7 million against $85.7 million a year ago. The company provided earnings guidance for the second quarter of 2015 and full year ending June 30, 2015. For the second quarter, the company continues to estimate global prestige beauty will grow approximately 3% to 4%, but expects it will be at the low end of the range due to certain macroeconomic issues. The company also expects to leverage its strong sales growth and increase its operating margin and cash flow from operations. The company's fiscal 2015 full year outlook includes the impact of this shift. Net sales are expected to increase between 3% and 4% in constant currency. Reflecting the strength of the U.S. dollar, foreign currency translation is expected to negatively impact sales by approximately 4% versus the prior-year period. Diluted net earnings per share are projected to be between $1.01 and $1.05. The approximate 4% negative currency impact on the sales growth equates to about $0.05 of earnings per share. The company's second quarter estimates include the impact of the political unrest in Hong Kong on the company's domestic and travel retail business in the country. For the full year, the company reported net sales are forecasted to grow between 2% and 3% in constant currency. Reflecting the strength of the U.S. dollar, foreign currency translation is now expected to negatively impact sales by approximately 3% versus the prior-year period. The impact of the accelerated retailer orders is expected to reduce the fiscal 2015 full year sales by approximately 3%. Net sales excluding the effect of the accelerated retailer orders are forecasted to grow between 5% and 6% in constant currency. Diluted net earnings per share, including the effect of the accelerated retailer orders, are projected to be between $2.82 to $2.90. Diluted net earnings per share, excluding the effect of the accelerated retailer orders, are projected to be between $3.03 to $3.11. The approximate 3% negative currency impact on the sales growth equates to about $0.13 of earnings per share. On a constant currency basis and before the effect of the accelerated retailer orders, earnings per share is expected to grow between 7% to 10%.

The Estée Lauder Companies Inc. Increases Quarterly Dividend, Payable on December 15, 2014

The Estée Lauder Companies Inc. announced an increase in the quarterly dividend on the company's Class A and Class B common stock to $0.24 per share. The dividend amount represents a 20% increase over the previous quarterly rate of $0.20 per share. The $0.24 per share quarterly dividend will be payable on December 15, 2014 to stockholders of record at the close of business on November 28, 2014.

 

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Price/Earnings 26.4x
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Price/Book 7.7x
Price/Cash Flow 25.6x
TEV/Sales 2.4x
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