Telsey Advisory analyst Dana Telsey maintains $Estee Lauder (EL.US)$ with a hold rating, and adjusts the target price from $105 to $76.
According to TipRanks data, the analyst has a success rate of 36.6% and a total average return of -2.3% 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 Q1 performance, which exceeded expectations, was overshadowed by a Q2 forecast that didn't meet consensus, along with the withdrawal of second half guidance and a reduction in dividends. The analyst believes that the company's future is not clearly visible at this point and is looking forward to potential strategic shifts and additional productivity initiatives from the newly appointed executive team, which should also address the company's substantial cost structure.
The recent adjustment in the dividend to 35 cents per share quarterly, with the anticipation that Estee Lauder remains dedicated to a dividend payout ratio around 40%, indicates a net income forecast of $1.2 billion, or an earnings power of $3.50 per share over time. The assessment suggests that it may be too early to take advantage of the current lower stock price considering the ongoing slowdown and uncertainty in China, along with the transition to a new CEO at the beginning of the year.
Persistent sales declines and limited future visibility prompted management to withdraw guidance. The absence of clear projections is anticipated to persist for an extended period. Operational leverage challenges due to lower-than-expected volume in China and Asia's travel retail sector suggest that the execution of the company's plan and the realization of returns may be postponed. It is therefore suggested that investors await more favorable indications of demand improvement.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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泰爾西諮詢分析師Dana Telsey維持$雅詩蘭黛 (EL.US)$持有評級，並將目標價從105美元下調至76美元。
根據TipRanks數據顯示，該分析師近一年總勝率為36.6%，總平均回報率為-2.3%。
此外，綜合報道，$雅詩蘭黛 (EL.US)$近期主要分析師觀點如下：
雅詩蘭黛第一季度的表現超出預期，但第二季度的預測未達共識，加上撤回下半年的指引和降低分紅派息。分析師認爲，目前公司的未來並不明朗，期待新任管理團隊可能進行的戰略轉變和額外的生產力舉措，也應對公司龐大的成本結構。
最近將分紅調整爲每股35美分，預計雅詩蘭黛仍致力於維持約40%的分紅比率，表明預計淨利潤達到12億美元，或者隨時間推移每股盈利爲3.50美元。評估表明，考慮到中國市場持續放緩和不確定性，以及年初換屆新CEO，現階段可能爲時過早買入當前價格偏低的股票。
持續銷售下滑和有限的未來可見性促使管理層撤回指引。預計明確的未來展望將持續較長時間。由於中國及亞洲旅行零售板塊的成交量低於預期引發了運營槓桿挑戰，表明公司計劃的執行和回報的實現可能會被推遲。因此建議投資者等待更有利的需求改善跡象。
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