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    ATM   NZATME0002S8

THE A2 MILK COMPANY LIMITED

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a2 Milk Lowers Annual Earnings Forecast for Fourth Time Since Sept

05/09/2021 | 03:06pm EDT

WELLINGTON, New Zealand--Infant formula marketing company a2 Milk Ltd. lowered its annual earnings forecast for the fourth time since September as the pandemic continues to crush sales via Chinese surrogate shoppers.

The company also said the chief executive of its Asia-Pacific business has resigned and it has started a comprehensive review of its business, in particular its opaque daigou--surrogate shopping--sales.

A2 Milk said it expects an underlying profit margin of 11% to 12% for its 2021 fiscal year, down from the 24%-26% it forecast at its third earnings downgrade on Feb. 25.

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

(END) Dow Jones Newswires

05-09-21 1706ET

Stocks mentioned in the article
ChangeLast1st jan.
CLASS III MILK FUTURES (DC) - CMG (ELECTRONIC)/C1 0.00% 17.33 End-of-day quote.9.68%
CLASS IV MILK?FUTURES (GDK) - CMG (ELECTRONIC)/C1 0.49% 16.48 End-of-day quote.19.51%
DJ INDUSTRIAL -1.58% 33290.08 Delayed Quote.10.51%
DRY WHEY?FUTURES (DY) - CMG (ELECTRONIC)/C1 -0.12% 64.625 End-of-day quote.46.21%
NONFAT DRY MILK FUTURES (GNF) - CMG (ELECTRONIC)/C1 0.00% 127 End-of-day quote.12.49%
S&P GSCI CLASS III MILK (USD) -1.20% 130.8276 Delayed Quote.-1.49%
THE A2 MILK COMPANY LIMITED 6.30% 6.75 End-of-day quote.-44.08%
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More news
Financials
Sales 2021 1 227 M 854 M 854 M
Net income 2021 103 M 71,9 M 71,9 M
Net cash 2021 647 M 450 M 450 M
P/E ratio 2021 52,0x
Yield 2021 -
Capitalization 5 018 M 3 476 M 3 493 M
EV / Sales 2021 3,56x
EV / Sales 2022 3,04x
Nbr of Employees -
Free-Float 88,5%
Chart THE A2 MILK COMPANY LIMITED
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Technical analysis trends THE A2 MILK COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 8,01 NZD
Last Close Price 6,75 NZD
Spread / Highest target 100%
Spread / Average Target 18,7%
Spread / Lowest Target -27,4%
EPS Revisions
Managers and Directors
NameTitle
David L. Bortolussi Chief Executive Officer & MD
Strauss Race Chief Financial Officer
David Lovat Hearn Chairman
Shareef Khan Chief Operations Officer
Julia Cecile Hoare Deputy Chairman