EVT's Medium-Term Growth Driven by High-Margin Managed Hotel Agreements, Near-Term Cinema Rebound, Jarden Says

MT Newswires Live

Jul 10

EVT's (ASX:EVT) medium-term growth is driven by high-margin managed hotel agreements, plus a cinema rebound in the near-term, with the property portfolio anchoring EVT's valuation, Jarden said in a Thursday note.

EVT runs three main divisions, hospitality, entertainment, and leisure, underpinned by an around AU$2.3 billion property portfolio.

It forecast a fiscal year 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) growth of 3% to AU$166 million, weighed down mostly by hotel refurbishments. In fiscal year 2027, an unwinding of the refurbishments, additional contribution from EVT Connect, and a healthy film slate supports 12% growth to AU$187 million.

The investment firm downgraded EVT to overweight from buy and cut the price target to AU$14.80 per share from AU$16.62 per share.

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In fiscal year 2027, an unwinding of the refurbishments, additional contribution from EVT Connect, and a healthy film slate supports 12% growth to AU$187 million.</p><p>The investment firm downgraded EVT to overweight from buy and cut the price target to AU$14.80 per share from AU$16.62 per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7035","symbol_name":"电影和娱乐","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2650017469","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650017469","pubTimestamp":1783660177,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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In fiscal year 2027, an unwinding of the refurbishments, additional contribution from EVT Connect, and a healthy film slate supports 12% growth to AU$187 million.The investment firm downgraded EVT to overweight from buy and cut the price target to AU$14.80 per share from AU$16.62 per share.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7035":"电影和娱乐","EVT.AU":"EVT Ltd","EVT":"Eaton Vance Tax-Advantaged Divid"},"translate_title":"Jarden 表示，EVT 的中期增长是由高利润管理酒店协议和近期影院反弹推动的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EVT":1.5,"EVT.AU":1},"content_text":"EVT's (ASX:EVT) medium-term growth is driven by high-margin managed hotel agreements, plus a cinema rebound in the near-term, with the property portfolio anchoring EVT's valuation, Jarden said in a Thursday note.EVT runs three main divisions, hospitality, entertainment, and leisure, underpinned by an around AU$2.3 billion property portfolio.It forecast a fiscal year 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) growth of 3% to AU$166 million, weighed down mostly by hotel refurbishments. In fiscal year 2027, an unwinding of the refurbishments, additional contribution from EVT Connect, and a healthy film slate supports 12% growth to AU$187 million.The investment firm downgraded EVT to overweight from buy and cut the price target to AU$14.80 per share from AU$16.62 per share.","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":false,"need_login_tip":false,"code":"91000000","status":"200"}}}