11/10/2024 09:30

Aurizon Holdings Ltd (AZJ) $3.49

Rail freight operator AZJ’s core businesses are resilient cash generators; however, we think their bulk and container strategies remain unproven. The stock has been a painful “yield-trap’ over recent years,  however, as the scale of investment slows down and the balance sheet stabilises after a period of lower payout

Read more

12/08/2024 16:59

Aurizon (AZJ) $3.30

AZJ -8.84%: Fell on a weak FY24 result, particularly in terms of the two that count – profit and dividend. NPAT +11% to $406m but a 10% miss to consensus of $452m) FY24 full year DPS 17cpsm and 11% miss to consensus of 19cps (7.3cps final dividend 60% franked) FY25 Guidance was soft, expecting EBITDA of $1,660-1,740m , 3% below consensus   They did announce a buy back, up to $150m

Read more

13/02/2024 09:24

Aurizon Holdings Ltd (AZJ) $3.88

Freight company AZJ saw its shares advance +3.19% after it reported a 26% increase in earnings for 1H24 and reiterated FY EBITDA guidance of between $1.59 and $1.68bn. AZJ will pay a 9.7c part-franked dividend later this month, with capital initiatives a possibility as coal haulage volumes pick up and the company's balance sheet strengthens.

Read more

16/06/2023 09:19

Aurizon Holdings Ltd (AZJ) $3.73

AZJ’s shares rallied by the most in 2-months yesterday on very high volume after being raised to overweight at Jarden Securities with a $3.90 target – it’s almost there already! This solid-yielding stock will declare its next dividend in 2 months, with estimates for the stock to yield 4.6% over the next 12 months. We may consider this rail freight company once its growth strategy starts to deliver.

Read more

02/03/2023 09:19

Aurizon Holdings (AZJ) $3.29

Rail freight company AZJ has fallen -11.3% so far this year courtesy of disappointing 1H23 result - Underlying EBITDA came in 10% below consensus at $673m with the miss mostly attributed to weather disruption across all segments and slower-than expected growth in bulks.

Read more

14/02/2023 09:15

Aurizon Holdings Ltd (AZJ) $3.45

QLD-based rail freight company Aurizon (AZJ) fell -6.5% on Monday after disappointing investors with their 1H23 earnings and downgrade to FY23 guidance, the board blamed the 50% fall in its interim net profit to $130mn on wet weather.

Read more

08/08/2022 17:09

Aurizon (AZJ) $3.89

AZJ -3.47%: The rail haulage business fell today following their FY22 results plus they painted a weaker picture for FY23. They reported underlying earnings before interest & tax (EBIT) from continuing operations of $875.3 million, down -3.1% for the year but marginally above the markets expectations for $866.9 million. The final dividend per share of 10.9c...

Read more

01/07/2022 09:25

Aurizon Holdings Ltd (AZJ) $3.80

Rail freight business AZJ fell with the market in June losing its protection as a defensive play which helped it through most of 2022, the stocks reasonably priced trading on 14x for 2022 but its projected yield above 6% over the next 12-months is arguably the most eye-catching of its financials – its forecast to pay an 11c part franked dividend in August. The company has been a stable yield play through good and bad times and under $4 it’s looking good from a risk/reward perspective.

Read more

03/06/2022 09:22

Aurizon Holdings Ltd (AZJ) $4.11

Rail freight business AZJ rallied 2% yesterday in a falling market as its recognition as a defensive stock helped it add to its strong performance through 2022. The stock remains fairly cheap following a woeful few years, it’s trading on an Est. P/E of 15.2x for 2022 while a projected 5.7% yield over the next 12-months is very attractive, although it’s only partly franked. This Australian industrial company has...

Read more

25/10/2021 17:13

Aurizon (AZJ) $3.52

AZJ -3.56%: The rail freight operator has had a tough few sessions after announcing that it will buy One Rail Australia from Macquarie for $2.35b. This is a pretty typical reaction to a transaction where Macquarie is the seller, i.e. the market assumes that MQG is getting the better side of the transaction given that’s their bread & butter. AZJ are funding via existing debt facilities and the move does diversify AZJ’s freight volumes away from Coal.

Read more