Elders H1 Result Disappoints with Rising Corporate, Transformation Costs, Elevated Leverage, Jefferies Says

MT Newswires Live

Jul 09

Elders' (ASX:ELD) first half result disappointed with rising corporate and transformation costs coupled with elevated leverage, Jefferies said in a Thursday note.

Australian agricultural conditions are expected to deteriorate, with the Bureau of Meteorology noting El Niño conditions in the tropical Pacific are causing below-average July-to-September rainfall across most of the south, west, and parts of the east. This has driven fiscal year 2026 to fiscal year 2028 earnings-per-share cuts of 20%, 14%, and 2%, respectively.

Gross value of agricultural production is expected to fall by 5% to AY$98 billion in 2026 to 2027. While higher global crop prices may provide an offset, rising input costs and a higher Australian dollar may put pressure on profitability.

The investment firm has a hold rating on Elders with a reduced price target of AU$6.15 per share from AU$7.80 per share.

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While higher global crop prices may provide an offset, rising input costs and a higher Australian dollar may put pressure on profitability.</p><p>The investment firm has a hold rating on Elders with a reduced price target of AU$6.15 per share from AU$7.80 per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ELD.AU","symbol_name":"ELDERS LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2650949758","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650949758","pubTimestamp":1783579838,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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