Computershare Can Grow Profit Despite Lower Rates -- Market Talk

Dow Jones04-30

0103 GMT - Computershare can grow its FY 2025 net profit by a percentage in the high single digits even in a lower interest-rate environment, Morgan Stanley analyst Andrei Stadnik says. With the management's assumptions of a U.S. Fed rate cut in May now looking unlikely, the Australia-listed share-registry company could reinvest in efficiencies rather than allowing a large beat to its FY 2024 margin-income guidance, he says in a note. This could help support 10% growth in so-called management EPS in FY 2025 or 7% growth in net profit, he says. MS resumes coverage of the stock with an overweight rating and A$29.70 target price. Shares are up 0.85% at A$27.30. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 29, 2024 21:03 ET (01:03 GMT)

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This could help support 10% growth in so-called management EPS in FY 2025 or 7% growth in net profit, he says. MS resumes coverage of the stock with an overweight rating and A$29.70 target price. Shares are up 0.85% at A$27.30. 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With the ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765646.SGD","symbol_name":"FTIF - Franklin Income A MDIS SGD-H1","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2431680614","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431680614","pubTimestamp":1714438980,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0103 GMT - Computershare can grow its FY 2025 net profit by a percentage in the high single digits even in a lower interest-rate environment, Morgan Stanley analyst Andrei Stadnik says. 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