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.
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.
Author: Leon Hinde
Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.
PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:
· Deposit Products
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks