Iress Gets Attractive Price for Superannuation Business -- Market Talk

Dow Jones

01/21

2214 GMT - Iress has done very well to sell its superannuation business for at least A$40 million, says Jefferies analyst Simon Fitzgerald. He notes the business recorded an Ebitda loss of A$3.6 million in 1H. "The superannuation service industry has been challenging for many involved, with fee erosion, contract losses, service complexity and in-sourcing resulting in declining operating margins," Jefferies says. It raises EPS forecasts for FY 2025 and FY 2026 by 3% and 2%, respectively, and lifts its price target on Iress by 9.7% to A$10.15/share after removing losses from the superannuation business. Iress ended Monday at A$9.64. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 20, 2025 17:15 ET (22:15 GMT)

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He notes the business recorded an Ebitda loss of A$3.6 million in 1H. \"The superannuation service industry has been challenging for many involved, with fee erosion, contract losses, service complexity and in-sourcing resulting in declining operating margins,\" Jefferies says. It raises EPS forecasts for FY 2025 and FY 2026 by 3% and 2%, respectively, and lifts its price target on Iress by 9.7% to A$10.15/share after removing losses from the superannuation business. Iress ended Monday at A$9.64. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 20, 2025 17:15 ET (22:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7503","symbol_name":"科技股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505256812","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505256812","pubTimestamp":1737411300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2214 GMT - Iress has done very well to sell its superannuation business for at least A$40 million, says Jefferies analyst Simon Fitzgerald. He notes the business recorded an Ebitda loss of A$3.6 million in 1H. \"The superannuation service industry has been challenging for many involved, with fee erosion, contract losses, service complexity and in-sourcing resulting in declining operating margins,\" Jefferies says. It raises EPS forecasts for FY 2025 and FY 2026 by 3% and 2%, respectively, and lifts its price target on Iress by 9.7% to A$10.15/share after removing losses from the superannuation business. Iress ended Monday at A$9.64. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7503":"科技股","IRE.AU":"IRESS LTD","BK7016":"应用软件"},"translate_title":"Iress为退休金业务获得有吸引力的价格——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IRE.AU":0.9},"content_text":"2214 GMT - Iress has done very well to sell its superannuation business for at least A$40 million, says Jefferies analyst Simon Fitzgerald. He notes the business recorded an Ebitda loss of A$3.6 million in 1H. \"The superannuation service industry has been challenging for many involved, with fee erosion, contract losses, service complexity and in-sourcing resulting in declining operating margins,\" Jefferies says. It raises EPS forecasts for FY 2025 and FY 2026 by 3% and 2%, respectively, and lifts its price target on Iress by 9.7% to A$10.15/share after removing losses from the superannuation business. Iress ended Monday at A$9.64. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 20, 2025 17:15 ET (22:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}