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MarketScreener Homepage  >  Equities  >  New Zealand Stock Exchange  >  The a2 Milk Company Limited    ATM   NZATME0002S8

THE A2 MILK COMPANY LIMITED

(ATM)
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End-of-day quote. End-of-day quote New Zealand Stock Exchange - 07/03
21.13 NZD   +1.54%
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

New Zealand's a2 Milk Reaffirms Guidance, Strategy After CEO Quits

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12/08/2019 | 05:42pm EDT

WELLINGTON, New Zealand--Infant formula producer a2 Milk Company Ltd. has reaffirmed its earnings forecast and says there will be no material change to its business plan following the unexpected resignation of chief executive Jayne Hrdlicka.

Interim chief executive Geoff Babidge is committed to staying with the company until a new permanent chief executive is found and settled in, a2's chairman David Hearn said Monday according to a transcript of a conference call with investors.

The company reaffirmed its earnings guidance for the 2020 financial year.

Babidge, who was CEO until Hrdlicka's appointment in July 2018, said there would be no material change to the company's strategy, particularly its focus on China and the U.S.

Write to Stephen Wright at stephen.wright@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CHANGE INC. 2.30% 7570 End-of-day quote.160.32%
MILK (CLASS III) (DA) - CMR (FLOOR)/C1 0.53% 22.97 End-of-day quote.0.00%
THE A2 MILK COMPANY LIMITED 1.54% 21.13 End-of-day quote.40.68%
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Financials
Sales 2020 1 747 M 1 146 M 1 146 M
Net income 2020 387 M 254 M 254 M
Net cash 2020 799 M 524 M 524 M
P/E ratio 2020 40,2x
Yield 2020 -
Capitalization 15 633 M 10 208 M 10 252 M
EV / Sales 2019
EV / Sales 2020 8,49x
Nbr of Employees -
Free-Float 91,0%
Chart THE A2 MILK COMPANY LIMITED
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The a2 Milk Company Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends THE A2 MILK COMPANY LIMITE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 18,97 NZD
Last Close Price 21,13 NZD
Spread / Highest target 4,12%
Spread / Average Target -10,2%
Spread / Lowest Target -36,1%
EPS Revisions
Managers
NameTitle
Geoffrey Howard Babidge Chief Executive Officer
David Lovat Hearn Chairman
Shareef Khan Chief Operations Officer
Strauss Race Chief Financial Officer
Julia Cecile Hoare Deputy Chairman
Sector and Competitors