Fy25 eps guidance they have given is 11.5 to 12.0c
Morgans target of $1.30 was based on fy25 eps of 10.6c
So it's a beat on the full FY25 guidance.
Would suggest any selloff at the open would be an excellent time to top up.
Morgans makes only minor forecast changes for Acrow following a "good" trading update, with management's guidance for 1H25 and FY25 earnings (EBITDA) in line with the broker's forecasts.
Management advised that secured hire contract wins (a key leading indicator of future performance, according to the broker) increased 57% to $33.8m in the first four months of FY25.
The Add rating and $1.30 target are unchanged.
FORECAST
Morgans forecasts a full yearFY25dividend of5.90cents and EPS of10.60cents.
Morgans forecasts a full yearFY26dividend of6.30cents and EPS of11.10cents.
(20min delay)