Just got this in an email today...Thu, 8 Aug at 9:21 amThursday, 8 August 2024
LTM - ARCADIUM LITHIUM PLC
Macquarie rates LTM as Outperform (1) - Arcadium Lithium management has decided to cease expansion plans to retain cash and margins, Macquarie highlights at the 2Q24 earnings report.
The company served up better than expected earnings, but free cashflow was lower than forecast and net debt higher than the analyst's expectations.
Macquarie revises 2024 EPS forecasts by 46% and 2025 by 22%.
Outperform rating and $6.60 target are retained.
Target price is $6.60 Current Price is $4.31 Difference: $2.29 If LTM meets the Macquarie target it will return approximately 53% (excluding dividends, fees and charges). Current consensus price target is $8.38, suggesting upside of 94.3%(ex-dividends)The company's fiscal year ends in December.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 5.60 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 76.96. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 13.5, implying annual growth of -70.8%. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 31.9.
Forecast for FY25:
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 5.70 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 75.61. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 25.9, implying annual growth of 91.9%. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 16.6.
Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Just got this in an email today...Thu, 8 Aug at 9:21 amThursday,...
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Last
$4.11 |
Change
-0.100(2.38%) |
Mkt cap ! $1.455B | |||
| Open | High | Low | Value | Volume |
| $4.12 | $4.17 | $4.07 | $9.563M | 2.325M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 783 | $4.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.12 | 627 | 1 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| LTM (ASX) Chart |