|Bid||131.55 x 1100|
|Ask||132.00 x 1100|
|Day's Range||127.45 - 132.40|
|52 Week Range||102.22 - 283.62|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||86.24|
|Forward Dividend & Yield||2.64 (2.07%)|
|Ex-Dividend Date||Nov 29, 2023|
|1y Target Est||N/A|
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Estee Lauder (EL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Estee Lauder Companies Inc (NYSE:EL) recently announced a dividend of $0.66 per share, payable on 2023-12-15, with the ex-dividend date set for 2023-11-29. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into The Estee Lauder Companies Inc's dividend performance and assess its sustainability.
Luxury brand stocks have proven to be a great investment throughout the decades. The combination of powerful brands and tremendous pricing power tends to lead to superior earnings growth compared to other consumer-focused companies. However, the luxury market is in a bit of a tailspin right now. Many people spent at a record clip in 2021 and 2022 and are cutting back consumption a bit now. Higher interest rates have limited credit-driven consumption. A downturn in the Asian market has hurt sales