Australia's EML Payments hits nearly 4-month high after reaffirming FY24 forecast

EML Payments

29/02/2024 04:19

** Shares of EML Payments  EML.AX  rise as much as 15.5% to
A$1.045, their highest level since Nov. 7
    ** Payment solutions provider reaffirms its FY24 underlying
EBITDA forecast of A$52 mln to A$58 mln ($33.87 mln-$37.80 mln)
in its HY results 
    ** Analysts at Morningstar forecast increase in revenue at
around 4% per year from FY 2025-2033
    ** Brokerage says outlook for earnings growth and margin
recovery is supportive
    ** Stock among top gainers on the All Ordinaries sub-index
 .AORD 
    ** About 5.4 mln shares change hands, compared with the
30-day average volume of 2.9 mln shares
    ** Stock up 26% so far this year, as of last close


($1 = 1.5344 Australian dollars)

 (Reporting by Megha  Rani)
 ((Megha.Rani2@thomsonreuters.com;))