0101 GMT - Sims's Australian business delivered a better-than-expected 1H EBIT, while its U.S. businesses were modestly below expectations, Citi analyst Paul McTaggart says in a note. Still, the U.S. "was the key driver by far" of the metal recycler's 1H fiscal result, with its North America Metal unit recording a sharp jump in trading margin, McTaggart says. Sims earlier said its 1H underlying EBIT nearly tripled to A$73.0 million. That was 9% above consensus, a tailwind for shares, McTaggart says. Citi has a neutral rating and an A$13.50 target on Sims. The stock is up 0.9% at A$14.19. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
February 24, 2025 20:01 ET (01:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。