Speedcast is having a good day today. Maybe this is the reason (From FNArena), with Morgan's upgrading their target price from $5.57 to $7.21.
SDA - SPEEDCAST INTERNATIONAL LIMITED
Morgans rates SDA as Upgrade to Add from Hold (1) - Morgans observes the company is cutting costs to gain growth and expects the first half will be negatively affected by higher costs. Cycling six months of UltiSat is expected to produce an incremental US$30m in revenue. Offsetting this will be integration costs to realise UltiSat and Harris CapRock synergies.
The company will report its results in August 28. Morgans upgrades its rating to Add from Hold and raises the target to $7.21 from $5.57.
Target price is $7.21 Current Price is $6.25 Difference: $0.96 If SDA meets the Morgans target it will return approximately 15% (excluding dividends, fees and charges). Current consensus price target is $6.51, suggesting upside of 4.1%(ex-dividends)The company's fiscal year ends in December.
Forecast for FY18:
Morgans forecasts a full year FY18 dividend of 11.16 cents and EPS of 33.09 cents .At the last closing share price the estimated dividend yield is 1.79%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.89. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 37.4, implying annual growth of N/A.Current consensus DPS estimate is 14.0, implying a prospective dividend yield of 2.2%.Current consensus EPS estimate suggests the PER is 16.7.Forecast for FY19:
Morgans forecasts a full year FY19 dividend of 14.27 cents and EPS of 38.02 cents . At the last closing share price the estimated dividend yield is 2.28%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.44. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 43.5, implying annual growth of 16.3%.Current consensus DPS estimate is 16.9, implying a prospective dividend yield of 2.7%.Current consensus EPS estimate suggests the PER is 14.4.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.Market Sentiment: 0.5. All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SDA Price at posting:
$6.41 Sentiment: None Disclosure: Held
