Estee Lauder Cos Inc (The) (EL) released its fourth quarter results on Monday, August 23, 2021. The company reported net earnings of $2.76 per share for the fourth quarter ending June 30, 2021. Earnings for this past quarter were up 315 percent compared to the same period a year ago.
The Estee Lauder Companies Inc. was founded in 1946 and is based in New York, New York. The Estee Lauder Companies Inc. manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
Estee Lauder Cos(The)'s revenue increased 14 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 79.42% for the fourth quarter compared to the same period in the previous year, and operating margins increased to 8.59% over the same period. Net earnings for past trailing twelve months were $2870.0 million, up 320% from the prior year.
Moving on to the balance sheet, Estee Lauder Cos(The)'s cash levels dropped 1% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 7.38% this past year. The current ratio for Estee Lauder Cos(The) now stands at 1.84. The company increased shares outstanding by 0.72%.
Shares of EL are currently trading around $336.29. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 43.16 and price to book ratio of 20.35.