Estia Health (EHE) share price rises on better than expected result
Estia Healthcare (EHE) +6.46%
No doubt a difficult year for the aged care sector however the EHE result today shows they’re doing a good job to in a tough environment. Revenue increased 7.1% on last year while EBITDA was up 4.3% on FY18 with the company investing the $93.8m expanding and upgrading their facilities. They maintained their dividend at 15.8cps for the period putting EHE in an attractive yield of 5.8% fully franked. They provided guidance for EBITDA of $86-$90m for FY20 with the market currently sitting at $89m. Capex will increase in FY20 and be in the range of $120m-$150m. We continue to like EHE for yield.
Estia health (EHE) chart
