Tabcorp FY16 Earnings Result

Tabcorp (TAH.ASX) reported FY16 earnings with earnings in line with market expectations.  Full year dividend of $0.24

FY17 we look for underlying EPS growth of around 8 – 10% on $2.2b in revenue and EBIT of $370m. Forecast dividend of around $0.26 which will place the stock on a 5.2% yield.

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There’s a potential buy on a pullback to $4.60 and we’ll be taking close notice of any algorithm signal we generate at or near this level.

TAH

 

 

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