If you own shares in A2 Milk Company Ltd(ASX: A2M), chances are you didn't have a fun time watching your brokerage account over the month of September.
During the month just gone, A2 Milk shares had a shocker, no way around it. The ASX dairy producer started September out at $4.55, after falling nearly 11% over August. By the end of last week, A2 Milk shares had closed at just $4.24 each.
That means that this embattled company lost another 6.8% over the month of September, as well as a disappointing 37.4% over 2023 to date. Ouch.
You can check all of that out below:
There's little doubt that investors lost a lot of confidence in the A2 Milk share price following the company's August full-year earnings.
As we covered at the time, these results showed A2 Milk report healthy numbers for the 2023 financial year. The company revealed a 10.1% rise in revenues to NZ$1.59 billion. As we’rell as an 11.8% rise in earnings before interest, tax, depreciation, and amortisation (EBITDA) to NZ$219.3 million.
That enabled A2 Milk to report a 26.9% surge in net profits after tax (NPAT) to NZ$155.6 million.
However, investors were not impressed, sending the A2 Milk share price down more than 13% on the day these earnings came out. As my Fool colleague James noted then, this was probably due to A2 Milk's weaker-than-expected guidance for the 2024 financial year.
The company told investors to expect "low single-digit revenue growth and an EBITDA margin broadly in line with FY 2023" over the current financial year.
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Last
$7.98 |
Change
-0.115(1.42%) |
Mkt cap ! $5.766B | |||
| Open | High | Low | Value | Volume |
| $8.02 | $8.05 | $7.95 | $1.917M | 239.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1204 | $7.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.98 | 7051 | 13 |
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| Last trade - 10.55am 01/08/2025 (20 minute delay) ? |
| A2M (ASX) Chart |