Computershare FY 16 Result

CPU.ASX reported FY16 earnings of US$0.55 per share in line with guidance and down almost 8% on the same time last year. The result was impacted by a higher tax rate which masked what looks to be a moderate improvement in the underlying business and this is reflected in managements FY17 guidance of a return to 1 – 3% EPS growth.  

Based FY17 expected earnings it places CPU.ASX on a 3.6% dividend yield and we still have questions around certainty of earnings growth out into FY18 and FY19.

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