Estee Lauder Companies Inc (NYSE:EL) to pay $0.3000/share in quarterly dividend:
Estee Lauder Companies Inc (NYSE:EL) is in the process of distributing $0.3000 per share in quarterly cash dividends to its shareholders. The actual dividend distribution will happen on March 15, 2016. Shareholders of record as of Feb. 29, 2016 will partake in the dividend payout.
The newly-declared dividend represents a 1.3792% yield based on the recent stock price.
What about earnings?
Estee Lauder Companies Inc (NYSE:EL) recently beat performance expectations in its F2Q2016. Revenue of $3.13 billion in the quarter topped the consensus estimate of $3.08 billion. Likewise, EPS of $1.22 surpassed the consensus estimate of1.11.
Wall Street comment
A number of analysts have recently commented on Estee. For example, the analysts at Jefferies recently maintained their HOLD rating on the stock but trimmed their price target on it to $87 from $89.
Hershey Co (NYSE:HSY) to pay out$0.583/share in dividends:
Hershey Co (NYSE:HSY) has announced to different quarterly dividend payouts for its common stock and Class B shareholders. The company is planning to distribute $0.583 per share to holders of its commons stock and $0.53 per share to holders of its Class B common stock.
The dividends are slated for distribution on March 15, 2016 to shareholders of record as of Feb. 25, 2016. The newly-declared dividend represents a yield of 2.7621%.
Hershey Co (NYSE:HSY) last posted earnings on Jan. 28, 2016 whereby the company reported 4Q2015 results. The company posted EPS of $1.08 on revenue of $1.91 billion. Analysts on the average were looking for revenue of $1.98 billion and EPS of $1.06. That means that Hershey beat on EPS but missed on topline.
What’s Wall Street’s take?
Hershey Co (NYSE:HSY) has been a subject of various analysts with many of them issuing their ratings on the stock before the 4Q2015 earnings report. Deutsche Bank maintains HOLD rating on Hershey, but recently cut its price target on the stock to $88 from $91. On its part, JPMorgan issued NEUTRAL rating on Hershey. Argus Research rates Hershey a BUY.