Another Climactic Downgrade for Nufarm Crimps Earnings but Not Our AUD 7.00 FVE
Nufarm has announced a second, but this time far sharper, fiscal 2018 EBIT guidance downgrade to AUD 255 million-AUD 270 million from its prior AUD 317 million estimate. The market has vented frustration, with shares down 11% to AUD 7.50 on the day, and down 20% from AUD 9.45 highs in May. The share are now only 7% above our unchanged AUD 7.00 fair value estimate.The downgrade includes EBIT of just AUD 5.0 million-AUD 10.0 million for the ANZ segment, down from AUD 52 million in fiscal 2017. Th...
Nufarm operates in two segment: crop protection and seed technologies. Co.'s crop protection segment is engaged in the manufacture and sale of crop protection products used by farmers to protect crops from damage caused by weeds, pests and disease and is managed by several geographic segments, being Australia and New Zealand, Asia, Europe, North America and Latin America. Co.'s seed technologies segment is engaged in the sale of seeds and seed treatment products and is managed on a worldwide basis.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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