Fortescue Bear Sees Much Softer Earnings, Dividends Ahead

Dow Jones
08/04

0356 GMT - The outlook for Fortescue's earnings--and, consequently, dividends--has weakened as the iron-ore miner faces structural cost pressures, says Morgan Stanley. Fortescue's FY 2027 C1 cost guidance of US$20.50-US$21.75/wet metric ton is roughly 7.8% above consensus midpoint and 13% above FY 2026's. Fortescue faces longer haul distances, likely increasing absolute diesel consumption, says MS. Iron Bridge also remains a drag on earnings, it says. The bank cuts its EPS estimates by 21% for FY 2027 and 18% for FY 2028. Its dividend forecast drops to 60.6 Australian cents a share in FY 2027--from nearly A$1.13/share in FY 2026--implying a 3.3% yield at a 65% payout. MS cuts its share-price target 9.9% to A$15.55 and reiterates an underweight rating. Shares are at A$17.99.

 

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10