|Day's Range||9.66 - 9.83|
|52 Week Range||7.75 - 10.55|
|PE Ratio (TTM)||22.19|
|Dividend & Yield||0.20 (2.65%)|
|1y Target Est||N/A|
Interim 2017 Graincorp Ltd Earnings Presentation
Categories: Yahoo FinanceGet free summary analysis GrainCorp Ltd. reports financial results for the half-year ended March 31, 2017. Highlights Summary numbers: Revenues of AUD 2456 million, Net Earnings of AUD 90 million. Gross margins widened from 6.43% to 9.53% compared to the same period last year, operating (EBITDA) margins now 8.77% from 4.67%. Earnings growth from operating ... Read more (Read more...)
Goldman Sachs has lifted its price target on Australia's GrainCorp (GNC.AU) after the grain handler beat the broker's first half profit estimate by 23%. The broker lifted its price target to AUD11.38 a share from AUD10.80 a share after the company delivered a 210% year-on-year rise in first half net profit of AUD100 million on Thursday. Goldman, which rates the stock and buy and has it on its conviction list, reckons there may be upside to earnings expectations over coming years: With the benefits from new capacity in Malt and Oils still yet to impact earnings and with a good start to the CY17 east coast winter cropping season, we continue to see more upside risk to Bloomberg Consensus expectations over FY17 and FY18 and maintain our positive view on the stock.