Morgan Stanley analyst Dara Mohsenian maintains $Estee Lauder (EL.US)$ with a hold rating, and adjusts the target price from $100 to $85.
According to TipRanks data, the analyst has a success rate of 63.8% and a total average return of 8.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Estee Lauder (EL.US)$'s main analysts recently are as follows:
Estee Lauder's first-quarter beat was overshadowed by second-quarter guidance that didn't meet expectations, a withdrawn outlook for the second half of the year, and a reduction in the dividend. The analyst argues that there is currently a significant lack of clarity and anticipates potential changes in strategy and additional productivity measures from the soon-to-be-appointed executive team, which is expected to introduce a comprehensive restructuring plan to address the company's substantial cost structure.
The recent reduction in the quarterly dividend to 35 cents per share, when annualized, suggests an anticipated net income of $1.2 billion, equating to an earnings power of approximately $3.50 per share over time. This is based on the company's commitment to maintaining a dividend payout ratio close to 40%. The current market sentiment suggests it might be too early to capitalize on the stock's lower price, given the ongoing economic deceleration in China and the impending transition to a new CEO in January.
The downgrade was due to 'persistent' sales declines and limited future visibility, which prompted the company's management to withdraw its financial guidance. The company is experiencing operating deleverage due to lower than anticipated volumes in China and Asia travel retail. As a result, the execution of its plan and returns are expected to be delayed. It is suggested that investors wait for clearer signs of demand improvement before proceeding.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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摩根士丹利分析師Dara Mohsenian維持$雅詩蘭黛 (EL.US)$持有評級，並將目標價從100美元下調至85美元。
根據TipRanks數據顯示，該分析師近一年總勝率為63.8%，總平均回報率為8.1%。
此外，綜合報道，$雅詩蘭黛 (EL.US)$近期主要分析師觀點如下：
雅詩蘭黛的第一季度業績優於預期，但第二季度的指引未達預期，年下半年度的前景展望被撤銷，且股息有所減少。分析師認爲當前存在顯著的不確定性，並預計策略可能發生變化，新任管理團隊還將採取額外的生產力措施，預計將推出全面的重組計劃，以解決公司龐大的成本結構問題。
最近將季度股息降至每股35美分，年化後，預計淨利潤爲12億美元，每股收益約爲3.50美元。這是基於公司致力於維持接近40%的股息支付比率。當前市場情緒表明，在中國經濟持續放緩以及即將在一月迎來新CEO的背景下，現在可能爲時過早從股票的低價中獲利。
降級是由於持續的銷售下滑和有限的未來可見性，導致公司管理層撤回其財務指引。公司因中國和亞洲旅行零售領域出現低於預期的銷量而經歷營運槓桿作用。因此，其計劃執行和回報料將受到延遲。建議投資者在看到需求改善的明顯跡象之前暫停行動。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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