B.Riley Financial analyst Anna Glaessgen maintains $Estee Lauder (EL.US)$ with a hold rating, and adjusts the target price from $95 to $70.
According to TipRanks data, the analyst has a success rate of 36.7% and a total average return of -12.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Estee Lauder (EL.US)$'s main analysts recently are as follows:
The forecasted performance of Estee Lauder for the first quarter exceeded expectations, but this was eclipsed by the guidance for the second quarter falling short of consensus, along with the retraction of second-half forecasts and a reduction in dividends. The analyst notes that there is currently limited transparency and is looking forward to potential strategic shifts and additional efficiency measures from the incoming executives, which should encompass a more comprehensive restructuring scheme to tackle the company's considerable cost framework.
Projecting the newly established 35 cents per share quarterly dividend and assuming Estee Lauder's commitment to a dividend payout ratio close to 40%, it suggests a net income of $1.2 billion, which translates to an earnings power of $3.50 per share over time. The analyst highlights that it appears to be premature to capitalize on the current price decline, considering the ongoing deceleration and uncertainties in China, coupled with the transition to a new CEO in January.
Estee Lauder has been experiencing a 'persistent' decline in sales, with limited future visibility, prompting management to withdraw financial guidance. The company is grappling with operational deleverage due to lower than anticipated volumes in China and Asia's travel retail sector. This situation suggests that the execution of its strategic plans and the realization of returns may be postponed. It is considered advisable for investors to look for clearer indications of demand recovery before proceeding.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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萊利金融分析師Anna Glaessgen維持$雅詩蘭黛 (EL.US)$持有評級，並將目標價從95美元下調至70美元。
根據TipRanks數據顯示，該分析師近一年總勝率為36.7%，總平均回報率為-12.1%。
此外，綜合報道，$雅詩蘭黛 (EL.US)$近期主要分析師觀點如下：
雅詩蘭黛第一個季度的預期表現超出預期，但第二個季度的指引未達共識，加上下半年預測的撤回和分紅的減少，這一切都被分析師指出，目前存在有限的透明度，並期待新任高管可能進行的戰略轉變和額外的效率措施，應該包括更全面的重組計劃以應對公司龐大的成本結構。
預計每股35美分的季度股息，並假設雅詩蘭黛承諾股息支付比率接近40%，這表明淨利潤爲12億美元，這將隨着時間推移轉化爲每股3.50美元的盈利能力。分析師強調，現在似乎爲時過早從目前的價格下跌中獲利，考慮到中國持續減速和不確定性，以及一月份新CEO上任。
雅詩蘭黛銷售持續下滑，未來前景有限，促使管理層撤回財務指引。公司正面臨在中國和亞洲旅遊零售板塊份額低於預期而產生的運營槓桿作用。這種情況暗示其戰略計劃的執行和回報的實現可能會延後。建議投資者在繼續之前尋找需求復甦的更清晰跡象。
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