Harvey Norman FY16 Earnings Result

Harvey Norman (HVN.ASX) FY16 NPAT $350m and final dividend of $0.17

FY17 outlook for 5 – 7% EPS growth on $1.8b in revenue and EBIT of $530m.  Assuming total FY17 DPS of $0.27 the stock is trading on a forward yield of 5%.

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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
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks