Bell Potter cuts PT, EPS estimates for Australia's APM Human Services International

APM Human Services International

19/01/2024 04:26

** Analysts at Bell Potter reduce PT for APM Human Services
International  APM.AX  to A$1.50 from A$1.90 and maintain 'hold'
rating 
    ** Brokerage reduces EPS for the human resources and
consulting services firm by 32%, 29% and 11% for FY24, FY25 and
FY26
    ** Says co's estimate of H1 underlying EBITDA of about A$148
mln ($97.38 mln) is below broker's estimates of A$181.8 mln 
    ** Shares of APM fall as much as 1.9% to a record low of
A$0.77
    ** About 8.1 mln shares change hands, compared with the
30-day average volume of 2.7 mln
    ** Stock fell 48.5% in 2023


($1 = 1.5198 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))