Lowering earnings expectations for Ansell

Weaker than expected 3Q earnings from a handful of US industrial companies and softening economic data on the back of falling commodity prices and stagnant global demand, suggest the industrial economy is losing momentum. ANN has flagged lower than expected Q1 sales, a US economy not traveling as well as it thought it would and ongoing FX volatility at its recent AGM. We lower our FY16-18 earnings expectations by up to c7.5% to reflect the challenging global backdrop. Maintain Hold rating, with shares trading in line with historic multiples. report attached

1 topic

1 stock mentioned

Scott Power
Senior Analyst

Senior Analyst at Morgans covering healthcare, life science, telecommunications, technology and media. I've spent the last twenty years investing in and researching emerging companies and have developed a wide network of contacts across these...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.