Jefferies optimisitic on NZ's Fisher & Paykel after strong qtrly start

Fisher & Paykel Healthcare

18/11/2024 23:27

** Jefferies will look out for Fisher & Paykel's  FPH.NZ  rate of sales growth and margins
for the first half after a strong start in Q1
    ** The New Zealand-based medical equipment manufacturer will announce its half-yearly
results for fiscal 2025 on Nov. 28
    ** Brokerage retains "hold" rating and increases price target to NZ$39 from NZ$38
    ** Notes that FPH has several newer masks for sale at the onset of the Northern flu season
    ** Jefferies forecasts 1H gross margin of 61.9% vs consensus of 61.7% and profit after tax
of NZ$158 million ($93.03 million) vs consensus of NZ$156 mln
    ** FPH gains 59.2% YTD as of last close


($1 = 1.6984 New Zealand dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com))