FY2023 EPS Estimates for South32 Limited (OTCMKTS:SOUHY) Boosted by Analyst

South32 Limited (OTCMKTS:SOUHYGet Rating) – Jefferies Financial Group increased their FY2023 earnings estimates for shares of South32 in a report released on Sunday, January 22nd. Jefferies Financial Group analyst C. Lafemina now expects that the basic materials company will post earnings of $1.55 per share for the year, up from their previous estimate of $1.45. The consensus estimate for South32’s current full-year earnings is $1.46 per share. Jefferies Financial Group also issued estimates for South32’s FY2024 earnings at $1.55 EPS and FY2025 earnings at $1.90 EPS.

SOUHY has been the subject of a number of other research reports. Barclays cut their price objective on shares of South32 from GBX 193 ($2.39) to GBX 170 ($2.10) in a report on Friday, October 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of South32 from GBX 250 ($3.10) to GBX 265 ($3.28) in a report on Tuesday, January 10th. The Goldman Sachs Group downgraded shares of South32 from a “buy” rating to a “neutral” rating in a report on Monday, October 10th. Finally, JPMorgan Chase & Co. raised shares of South32 from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 13th.

South32 Trading Up 3.8 %

OTCMKTS SOUHY opened at $17.01 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.24 and a quick ratio of 1.72. South32 has a 12-month low of $11.05 and a 12-month high of $20.48. The firm has a 50-day moving average price of $14.34 and a two-hundred day moving average price of $13.45.

South32 Company Profile

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South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and South America. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.

See Also

Earnings History and Estimates for South32 (OTCMKTS:SOUHY)

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