Jefferies Group Weighs in on South32 Ltd.’s FY2018 Earnings (SOUHY)

South32 Ltd. (OTC:SOUHY) – Research analysts at Jefferies Group lifted their FY2018 EPS estimates for South32 in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the company will post earnings per share of $1.25 for the year, up from their previous estimate of $0.90. Jefferies Group also issued estimates for South32’s FY2019 earnings at $1.35 EPS.

Other analysts have also issued reports about the company. ValuEngine lowered South32 from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. HSBC Holdings plc lowered South32 from a “buy” rating to a “hold” rating in a report on Friday, July 14th. UBS AG lowered South32 from a “buy” rating to a “neutral” rating in a report on Thursday, October 5th. Finally, Macquarie lowered South32 from an “outperform” rating to a “neutral” rating in a report on Thursday, August 31st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold”.

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Shares of South32 (OTC:SOUHY) traded up 0.24% on Monday, hitting $12.52. The company had a trading volume of 30,288 shares. South32 has a 52 week low of $9.20 and a 52 week high of $13.39. The stock’s 50-day moving average is $12.50 and its 200 day moving average is $11.08. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 10.93 and a beta of 1.67.

About South32

South32 Limited operates as a diversified metals and mining company primarily in Australia, South America, and Southern Africa. It has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, ferronickel, silver, lead, and zinc. South32 Limited also exports its products.

Earnings History and Estimates for South32 (OTC:SOUHY)

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