Ansell Profit, Dividend Edge Higher
Ansell shares were up more than 7% at one stage yesterday as investors gave what appeared to be a modest result (which included a small nudge up to the final dividend) for 2018-19 a big thumbs up.
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News
Ansell Embarks On Efficiency Drive
While Ansell is targeting savings by closing three manufacturing facilities, raw material costs remain the key risk for the earnings outlook.
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Trump Tariffs Pierce Hole In Ansell Outlook
Shares in protective products group Ansell fell more than 9% after it warned that its earnings could fall, because of cost uncertainties and the impact of tariffs on US imports.
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Small Gains At Restructured Ansell
It was another six months of small gains for Ansell, the protective gloves and clothing group and the odd bigger step.
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Ansell Eyes Rebound After Profits Slip
Gloves and protective clothing maker Ansell’s full-year net profit has dropped 7.2% to $US147.7 million ($A186.8 million), for the year to June 30 as the company prepares for life without its long held sexual wellness business.
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Analyst Views
ANN – Citi rates the stock as Buy
Citi has revised down earnings-per-share forecasts for Ansell, citing late deployment of acquisition capital and an extension of the buyback period.
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ANN – Credit Suisse rates the stock as Upgrade to Outperform from Neutral
Raw material prices have eased. Raw materials account for around 60% of the company's cost of goods sold. Credit Suisse expects Ansell will achieve only a modest benefit in the second half but forecasts a benefit of around 5% for the first half of FY20.
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ANN – Credit Suisse rates the stock as Neutral
First half results were ahead of Credit Suisse estimates, although the top line disappointed as global markets weakened. This situation is expected to continue, despite the company targeting 3-4% organic sales growth in FY19.
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ANN – UBS rates the stock as Neutral
Ansell has announced the acquisition of US industrial glove manufacturer, Ringers Gloves, for US$70m. UBS incorporates the acquisition into forecasts and updates for the share buyback, resulting in upgrades to earnings per share of 0.8% in FY19 and 1.6% in FY20.
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ANN – Macquarie rates the stock as Upgrade to Outperform from Neutral
Macquarie finds macroeconomic data is broadly supportive of organic revenue growth, while further moderation in raw material prices offers the potential for gains in margin.
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