CFRA Retains Hold View On Shares Of The Estee Lauder Companies Inc.

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target of $136, up $17, is 33x our FY 25 (Jun.) EPS of $4.13 (down $1.27; FY 24’s cut $0.04 to $2.23), a premium to the 10-year average forward P/E of 32x. Q2 (Dec.) adj-EPS of $0.88 (-42% Y/Y) beat by $0.32 on revenue of $4.3B (-8% Y/Y), 1% above consensus. 8% organic decline was comprised of declines of 14%, 7%, and 1% in EMEA, Asia-Pacific, and the Americas, respectively. Expense management, despite a tax headwind, yielded the EPS surprise. EL announced a restructuring element to its profit recovery plan trimming 3%-5% of FY 23’s headcount, netting $600M in restructuring charges, and lifting incremental profit by $350M-$500M to $1.1B-$1.4B with benefits expected in FY 25 and FY 26. EL engaged Alvarez and Marsal for program […]

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Are Boeing’s Troubles With Management or Engineering? Numbers Provide an Answer. — Barrons.com

/ / Industrials /

The latest problems with Boeing’s 737 MAX have reignited a debate among analysts and investors about who should run a global commercial aerospace company — an ace engineer or a professional manager. “To me, the [Boeing] problem is not the engineers, the problem is management,” says Vertical Research Partners analyst Rob Stallard. Of course, Boeing, and its chief rival Airbus need both. But the numbers appear to support Stallard’s point of view, that strong management is critical. Boeing had no immediate comment. Airbus didn’t respond to a request for comment. The issue is partly the nature of the aerospace business, which is characterized by heavy investment, high regulation, and product cycles measured in decades, making strategic choices as critical as engineering decisions. “This is the sort of business that, from a product perspective, you build on, or not, over a long period of time,” explains General Electric CEO Larry Culp.

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UBS Gr Q4 EPS $(0.09) Misses $0.23 Estimate, Sales $10.86B Beat $10.28B Estimate

/ / Financials /

UBS Gr (NYSE:UBS) reported quarterly losses of $(0.09) per share which missed the analyst consensus estimate of $0.23 by 139.13 percent. This is a 118 percent decrease over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $10.86 billion which beat the analyst consensus estimate of $10.28 billion by 5.59 percent. This is a 35.20 percent increase over sales of $8.03 billion the same period last year.

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UBS Group Posts Growth in FY23 Attributable Profit, Revenue

/ / Financials /

UBS Group (UBSG.SW) said Tuesday that profit and revenue for the full-year 2023 jumped year over year. Net profit attributable to shareholders for the 12 months ended Dec. 31, 2023, was $29.03 billion, compared with $7.63 billion a year ago. EPS was $8.81, compared with $2.25. The Swiss bank’s total revenue was $40.83 billion, compared with $34.56 billion previously. Analysts polled by Visible Alpha were expecting $12.92 billion in net income or $4 per share, while revenue was estimated at $42.84 billion. Meanwhile, the board will propose a dividend of $0.70 per share for 2023, payable on May 3 to shareholders on record May 2. It paid $0.55 per share a year ago. Looking ahead, UBS expects first-quarter 2024 revenue to be positively impacted by seasonal factors, including higher client activity compared with the fourth quarter of 2023. It also expects “substantial sequential improvement” in reported net profit for the

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Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings

/ / Technology /

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 18.36% Goldman Sachs $625 → $800 Maintains Buy 01/29/2024 14.66% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 01/23/2024 14.66% Cantor Fitzgerald → $775 Initiates Coverage On → Overweight 01/19/2024 3.57% Raymond James $600 → $700 Maintains Strong Buy 01/18/2024 16.88% Tigress Financial $560 → $790 Maintains Buy 01/16/2024 9.49% Keybanc $650 → $740 Maintains Overweight 01/03/2024 -39.34% DA Davidson → $410 Initiates Coverage On → Neutral 11/22/2023 -3.83% Oppenheimer → $650 Reiterates Outperform → Outperform 11/22/2023 -1.61% Stifel $600 → $665 Maintains Buy 11/22/2023 -7.53% Susquehanna → $625 Reiterates Positive → Positive 11/22/2023 -14.19% UBS $560 → $580 Maintains Buy 11/22/2023 — Edward Jones Downgrades Buy → Hold 11/22/2023 -7.53% Mizuho $590 → $625 Maintains Buy 11/22/2023 -7.53% Benchmark → $625 Reiterates Buy → Buy 11/22/2023 -3.83% BMO Capital

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Hilton Worldwide Holdings (NYSE:HLT) Stock Analyst Ratings

/ / Consumer Discretionary /

Hilton Worldwide Holdings (NYSE:HLT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 2.56% Evercore ISI Group → $200 Downgrades Outperform → In-Line 01/29/2024 2.56% Barclays $190 → $200 Maintains Overweight 01/02/2024 -6.67% Jefferies $157 → $182 Maintains Hold 10/27/2023 -12.82% Raymond James $165 → $170 Maintains Outperform 10/26/2023 -10.26% Truist Securities $172 → $175 Maintains Hold 10/26/2023 -6.16% Morgan Stanley $182 → $183 Maintains Overweight 10/26/2023 -11.29% Barclays $169 → $173 Maintains Overweight 10/23/2023 -2.06% HSBC → $191 Initiates Coverage On → Buy 10/16/2023 -6.67% Morgan Stanley $170 → $182 Maintains Overweight 09/12/2023 -15.9% TD Cowen $148 → $164 Maintains Outperform 08/14/2023 -17.44% Bernstein $152 → $161 Maintains Market Perform 07/27/2023 -12.82% Morgan Stanley $163 → $170 Maintains Overweight 07/27/2023 -15.9% Baird $160 → $164 Maintains Outperform 07/21/2023 -17.44% Wells Fargo $151 → $161 Maintains Equal-Weight 07/21/2023 -13.34% Barclays $166 →

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McDONALD’S REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

/ / Consumer Discretionary /

McDONALD’S REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS PR Newswire CHICAGO, Feb. 5, 2024 — Global comparable sales have grown 9% for the year and over 30% since 2019 — Systemwide sales* to loyalty members were over $20 billion for the full year and over $6 billion for the quarter across 50 loyalty markets, with full year growth of more than 45% over prior year CHICAGO, Feb. 5, 2024 /PRNewswire/ — McDonald’s Corporation today announced results for the fourth quarter and year ended December 31, 2023. “Our global comparable sales growth of 9% for the year is a testament to the tremendous dedication of the entire McDonald’s System,” said McDonald’s President and CEO Chris Kempczinski. “Strong execution of our Accelerating the Arches strategy has driven over 30% comparable sales growth since 2019 as our talented crew members, and the industry’s best franchisees and suppliers have demonstrated proven agility with

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McDonald’s Q4 2023 Adj EPS $2.95 Beats $2.82 Estimate

/ / Consumer Discretionary /

McDonald’s (NYSE:MCD) reported quarterly earnings of $2.95 per share which beat the analyst consensus estimate of $2.82 by 4.61 percent. The company reported quarterly sales of $6.41 billion which missed the analyst consensus estimate of $6.45 billion by 0.68 percent. This is a 8.09 percent increase over sales of $5.93 billion the same period last year.

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McDonald’s Reports Fourth Quarter and Full Year 2023 Results

/ / Consumer Discretionary /

McDonald’s Corporation today announced results for the fourth quarter and year ended December 31, 2023. Fourth quarter financial performance: Global comparable sales increased 3.4%, reflecting positive comparable sales across all segments: U.S. increased 4.3% International Operated Markets segment increased 4.4% International Developmental Licensed Markets segment increased 0.7%, reflecting the impact of the war in the Middle East Consolidated revenues increased 8% (6% in constant currencies). Systemwide sales increased 6% (5% in constant currencies). Consolidated operating income increased 8% (6% in constant currencies). Diluted earnings per share was $2.80, an increase of 8% (5% in constant currencies). Full year financial performance: Global comparable sales increased 9.0%, reflecting strong comparable sales across all segments: U.S. increased 8.7% International Operated Markets segment increased 9.2% International Developmental Licensed Markets segment increased 9.4% Consolidated revenues increased 10% (10% in constant currencies). Systemwide sales increased 10% (10% in constant currencies). Consolidated operating income increased 24% (24% in

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