Inghams's Margins Could Beat Macquarie's Forecasts -- Market Talk

Dow Jones04-11

0026 GMT - Inghams' medium-term margins could expand more than expected as the Australian poultry producer benefits from relatively stable top-line growth and cost-efficiency programs, Macquarie analysts write in a note. They raise their earnings forecasts for FY 2025 and FY 2026 by 3.3% and 2.9%, respectively, on lower feed prices and view further margin upside as possible. They anticipate stable annual volume growth in the low-single digits and an average 3.7% rise in annual revenue through FY 2027. Macquarie keeps an outperform rating and A$4.20 target price on the stock, which is down 1.1% at A$3.56. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 10, 2024 20:26 ET (00:26 GMT)

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They anticipate stable annual volume growth in the low-single digits and an average 3.7% rise in annual revenue through FY 2027. Macquarie keeps an outperform rating and A$4.20 target price on the stock, which is down 1.1% at A$3.56. 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