Propel Funeral's Latest Acquisitions Please Bull -- Market Talk

Dow Jones

Jun 05

0113 GMT - Propel Funeral Partners' trio of New Zealand acquisitions get a positive reception from its bull at Macquarie. After digging through the details, one of the investment bank's analysts raises their revenue forecasts for fiscal 2027 and fiscal 2028 by about 3%. Earnings growth forecasts also rise, albeit from a lower base as weaker-than-expected guidance drives a 6.2% cut to Macquarie's underlying earnings forecast for the current fiscal year. Nonetheless, the analyst's note suggests that industry volumes and margins are likely to improve from this point, and flags Propel's continued capacity for EPS-accretive acquisitions. Macquarie trims its target price 4.3% to A$5.50 and keeps an outperform rating on the stock, which is down 3.9% at A$3.25. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 04, 2026 21:13 ET (01:13 GMT)

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After digging through the details, one of the investment bank's analysts raises their revenue forecasts for fiscal 2027 and fiscal 2028 by about 3%. Earnings growth forecasts also rise, albeit from a lower base as weaker-than-expected guidance drives a 6.2% cut to Macquarie's underlying earnings forecast for the current fiscal year. Nonetheless, the analyst's note suggests that industry volumes and margins are likely to improve from this point, and flags Propel's continued capacity for EPS-accretive acquisitions. Macquarie trims its target price 4.3% to A$5.50 and keeps an outperform rating on the stock, which is down 3.9% at A$3.25. 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After digging through the details, one of the investment bank's analysts raises their revenue forecasts for fiscal 2027 and fiscal 2028 by about 3%. Earnings growth forecasts also rise, albeit from a lower base as weaker-than-expected guidance drives a 6.2% cut to Macquarie's underlying earnings forecast for the current fiscal year. Nonetheless, the analyst's note suggests that industry volumes and margins are likely to improve from this point, and flags Propel's continued capacity for EPS-accretive acquisitions. Macquarie trims its target price 4.3% to A$5.50 and keeps an outperform rating on the stock, which is down 3.9% at A$3.25. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 21:13 ET (01:13 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"PFP.AU","symbol_name":"PROPEL FUNERAL PARTNERS LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2641093195","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2641093195","pubTimestamp":1780621980,"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":"0113 GMT - Propel Funeral Partners' trio of New Zealand acquisitions get a positive reception from its bull at Macquarie. After digging through the details, one of the investment bank's analysts raises their revenue forecasts for fiscal 2027 and fiscal 2028 by about 3%. Earnings growth forecasts also rise, albeit from a lower base as weaker-than-expected guidance drives a 6.2% cut to Macquarie's underlying earnings forecast for the current fiscal year. Nonetheless, the analyst's note suggests that industry volumes and margins are likely to improve from this point, and flags Propel's continued capacity for EPS-accretive acquisitions. Macquarie trims its target price 4.3% to A$5.50 and keeps an outperform rating on the stock, which is down 3.9% at A$3.25. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PFP.AU":"PROPEL FUNERAL PARTNERS LTD","BK7120":"特殊消费者服务"},"translate_title":"Propel Funeral的最新收购请看涨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PFP.AU":0.9},"content_text":"0113 GMT - Propel Funeral Partners' trio of New Zealand acquisitions get a positive reception from its bull at Macquarie. After digging through the details, one of the investment bank's analysts raises their revenue forecasts for fiscal 2027 and fiscal 2028 by about 3%. Earnings growth forecasts also rise, albeit from a lower base as weaker-than-expected guidance drives a 6.2% cut to Macquarie's underlying earnings forecast for the current fiscal year. Nonetheless, the analyst's note suggests that industry volumes and margins are likely to improve from this point, and flags Propel's continued capacity for EPS-accretive acquisitions. Macquarie trims its target price 4.3% to A$5.50 and keeps an outperform rating on the stock, which is down 3.9% at A$3.25. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2026 21:13 ET (01:13 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}