Just got this in an email ..Wed, 14 June at 9:17 am
Wednesday, 14 June 2023WEB - WEBJET LIMITED
Macquarie rates WEB as Outperform (1) - In reviewing travel demand yesterday Macquarie noted the outlook for hotel supports a strong FY24 for WebBeds. Despite elevated airfare and hotel pricing consumers are continuing to prioritise travel expenditure.
The broker assesses the Webjet share price is now "consolidating", given its recent outperformance and macro concerns.
The B2B pathway to $10bn in transaction value will be a driver of an ongoing re-rating, the broker adds. Outperform maintained. Target is $8.03, raised from $6.82.
Target price is $8.03 Current Price is $7.16 Difference: $0.87 If WEB meets the Macquarie target it will return approximately 12% (excluding dividends, fees and charges). Current consensus price target is $8.58, suggesting upside of 19.9%(ex-dividends)The company's fiscal year ends in March.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 33.90 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 21.12. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 33.1, implying annual growth of 771.1%. Current consensus DPS estimate is 5.4, implying a prospective dividend yield of 0.8%. Current consensus EPS estimate suggests the PER is 21.6.
Forecast for FY25:
Macquarie forecasts a full year FY25 dividend of 16.80 cents and EPS of 42.10 cents . At the last closing share price the estimated dividend yield is 2.35%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.01. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 42.4, implying annual growth of 28.1%. Current consensus DPS estimate is 17.0, implying a prospective dividend yield of 2.4%. Current consensus EPS estimate suggests the PER is 16.9.
Market Sentiment: 0.8All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Just got this in an email ..Wed, 14 June at 9:17 amWednesday, 14...
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Last
$8.50 |
Change
-0.010(0.12%) |
Mkt cap ! $3.318B | |||
| Open | High | Low | Value | Volume |
| $8.41 | $8.52 | $8.41 | $1.685M | 198.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1423 | $8.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.51 | 971 | 9 |
View Market Depth
| Last trade - 10.51am 30/05/2024 (20 minute delay) ? |
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Last
$8.48 |
Change
-0.010 ( 0.80 %) |
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| Open | High | Low | Volume | ||
| $8.42 | $8.52 | $8.42 | 37305 | ||
| Last updated 11.12am 30/05/2024 ? | |||||
| WEB (ASX) Chart |