We have revisited our forecasts post last week’s full year results, which were disappointing but suggested that there is now a more stable platform in place for future growth. We have made no changes to our FY 2018 revenue and EBITDA expectations, but reduced our PBT/EPS estimates to reflect reduced D&A following the disposal of the Recycling business. We have also introduced a new set of FY 2019 forecasts, which reflect 3% revenue growth and a 16% EBITDA margin pre SBP. This business has strong ....
21 Mar 2018
New FY19 estimates introduced, no change to Hold rec or 56p TP
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New FY19 estimates introduced, no change to Hold rec or 56p TP
Brady Corporation Class A (BRC:NYS) | 0 0 0.0%
- Published:
21 Mar 2018 -
Author:
N+1 Singer Team -
Pages:
3
We have revisited our forecasts post last week’s full year results, which were disappointing but suggested that there is now a more stable platform in place for future growth. We have made no changes to our FY 2018 revenue and EBITDA expectations, but reduced our PBT/EPS estimates to reflect reduced D&A following the disposal of the Recycling business. We have also introduced a new set of FY 2019 forecasts, which reflect 3% revenue growth and a 16% EBITDA margin pre SBP. This business has strong ....