Evercore analyst Robert Ottenstein maintains $Estee Lauder (EL.US)$ with a buy rating, and adjusts the target price from $130 to $107.
According to TipRanks data, the analyst has a success rate of 48.0% and a total average return of -0.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Estee Lauder (EL.US)$'s main analysts recently are as follows:
The company's Q1 performance exceeded expectations but was overshadowed by Q2 projections not meeting consensus, retracted guidance for the second half of the year, and a reduction in dividend payments. The analyst points out that current visibility is limited, expressing anticipation for potential changes in strategy and any new plans for increased productivity from the incoming executives. There is a suggestion for a more comprehensive restructuring plan to address the company's high cost structure.
The projection that Estee Lauder will maintain a dividend payout ratio close to 40%, based on the newly announced 35 cents per share quarterly dividend, suggests a net income of approximately $1.2 billion or an earnings power of $3.50 per share over time. The analyst believes that it may be too early to take advantage of the current price decline given the ongoing slowdown and uncertainty in China, and with the transition to a new CEO in January.
Persistent sales declines and limited visibility ahead, which prompted management to withdraw guidance, are of particular concern. The lack of expected visibility is anticipated to persist for at least another three months. Given the operating deleverage from lower volumes in China and Asia travel retail, the execution of plans and returns may be delayed. It is considered prudent to recommend that investors await stronger indications of demand improvement.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Evercore分析師Robert Ottenstein維持$雅詩蘭黛 (EL.US)$買入評級，並將目標價從130美元下調至107美元。
根據TipRanks數據顯示，該分析師近一年總勝率為48.0%，總平均回報率為-0.2%。
此外，綜合報道，$雅詩蘭黛 (EL.US)$近期主要分析師觀點如下：
公司的Q1表現超出預期，但被Q2的預測未達共識所掩蓋，年下半年撤回了指引，並減少了股息支付。分析師指出，目前能見度有限，期待潛在策略調整及新任執行人員提高生產力的計劃。有建議制定更全面的重組計劃，以解決公司高成本結構問題。
根據新公佈的每股35美分的季度股息，預計雅詩蘭黛將保持接近40%的股息支付比率，暗示約12億美元的淨利潤或長期每股3.50美元的盈利能力。分析師認爲，鑑於中國持續放緩和不確定性，並且明年1月將迎來新CEO，現在可能爲時過早從當前股價下跌中獲利。
持續的銷售下滑和前景不明，導致管理層撤回了指引，這是一個特別引起關注的問題。預計至少再有三個月會持續缺乏預期的能見度。考慮到中國和亞洲旅行零售銷量下滑帶來的運營槓桿效應，計劃執行和回報可能會延遲。建議投資者謹慎等待需求改善的更強烈信號。
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