17/08/2026 16:57

Aurizon (ASX: AZJ) $3.73

AZJ: -10.34%: The freighter put out a largely in-line FY26 result, though the market instead focussed on a softer FY27 outlook for its coal haulage business. As we flagged ahead of the result, FY26 was relatively well understood and the key question was whether growth elsewhere could offset pressure on coal volumes – today’s guidance suggests that task will be harder than hoped. 

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06/08/2026 09:21

Aurizon Holdings Ltd (ASX: AZJ) $4.26

Rail freight operator AZJ’s core businesses are resilient cash generators with the stock still forecast to yield almost 5%, part franked over the coming 12-months. One factor putting off many investors is coal's effective contribution to group revenue being 55–60%. The coal exposure is structural; Aurizon operates the Central Queensland Coal Network (CQCN), the world's largest coal rail network, under a regulated access regime.

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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

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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

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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.

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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.

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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.

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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.

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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...

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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.

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