Broker Jarden sees sales, EPS growth for Australia's Dicker Data; shares rise

Dicker Data

05/12/2023 02:44

** Analysts at Jarden initiate coverage on Dicker Data
 DDR.AX  with 'overweight' rating and PT of A$12.31
    ** Shares rise as much as 1.3% to A$11.79 to hit highest
level since Aug. 26, 2022
    ** Broker sees co's sales rising at a compound annual growth
rate of about 7% between 2022 and 2025
    ** Forecasts EPS to rise at a rate of 11% in the same period
    ** Adds a recovery in PC sales and ongoing momentum in its
software business should drive a 're-acceleraion' in sales
growth from 2025
    ** Says short-term earnings growth should be driven by
improved margins in the core business and rising profit margins
from recent acquisitions
    ** Stock has risen 14.2% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))