ASX:EHL

Emeco Holdings Fiscal 2026 EPS, Revenue Up

Emeco Holdings (ASX:EHL) logged AU$0.1428 in earnings per share for fiscal 2026, compared with AU$0.1415 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue from ordinary activities for continuing operations was AU$792.8 million versus AU$785.4 million previously, the Australia-listed mining equipment rental company added.It guided for fiscal 2027 earnings to be in line with fiscal 2026, with a weighting to the second half.

Emeco Holdings Outlook Remains Positive Despite Softer Fiscal 2026 Close, Euroz Hartleys Says

Emeco Holdings (ASX:EHL) is expected to see earnings stability into fiscal 2027 despite a softer fiscal 2026 close driven by weather and operational disruptions, with balance sheet strength and utilization recovery supporting the outlook, Euroz Hartleys said in a Friday note.The company has updated its fiscal 2026 guidance to operating earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$290 million to AU$295 million, and operating earnings before interest and taxes (EBIT) of AU$145 million to AU$150 million.Euroz Hartleys has revised its forecasts to reflect a softer close, now projecting fiscal 2026 EBITDA of AU$292.3 million and EBIT of AU$147.9 million, followed by fiscal 2027 EBITDA of AU$296.2 million and EBIT of AU$150.4 million.The research firm said the revised outlook reflects challenges already priced in by the market, including wet weather, supply chain disruptions, fuel price uncertainty and delayed fleet redeployment, shifting investor focus to a recovery in fiscal 2027 and fiscal 2028.The company expects fiscal 2027 earnings to broadly match fiscal 2026, with a stronger second half driven by improved equipment utilization, targeting surface fleet utilization of around 90% and underground utilization of about 80% by June 2027 through fleet redeployment.The firm added that the company trades at just over two times enterprise value-to-EBITDA and 5.8 times fiscal 2026 earnings, with an estimated free cash flow yield of 21%, while maintaining the balance sheet flexibility to pursue consolidation opportunities.Euroz Hartleys maintained a buy recommendation on Emeco Holdings with a price target of AU$1.44.Emeco Holdings' shares gained 1% in recent Friday trade.

Jarden Research Adjusts Emeco Holdings' Price Target to AU$1.05 from AU$1.30, Keeps at Neutral

Emeco Holdings Faces Near-Term Utilization Headwinds Despite Improved Valuation Support, Jarden Says; Shares Fall 3%

Emeco Holdings (ASX:EHL) is expected to deliver broadly flat fiscal year 2027 earnings following weaker rental equipment utilization in the second half, with Jarden remaining cautious on the near-term outlook despite the company's strong balance sheet and potential for capital returns, the firm said in a note on Wednesday.The company attributed its softer second-half performance to weather disruptions and diesel supply concerns, which led mining customers to favor production and inventory drawdowns over equipment-intensive overburden removal despite supportive coal markets.Jarden said the company's updated fiscal year 2026 guidance of underlying earnings before interest, taxes, depreciation, and amortization of AU$290 million to AU$295 million and underlying earnings before interest and taxes of AU$145 million to AU$150 million was modestly below expectations, prompting small cuts to its earnings forecasts through fiscal year 2028.The company expects fiscal year 2027 earnings to be broadly in line with fiscal year 2026, with a stronger second half, while Jarden said the outlook was more constructive than expected but carries execution risk due to its second-half weighting.The firm expects rental fleet utilization to remain under pressure until late in the first half of fiscal year 2027, although fuel-related operating constraints appear to be easing.The firm noted the company's forecast fiscal year 2026 leverage of 0.4 times reflects its balance sheet strength and capital flexibility, but it wants to see improving utilization and earnings momentum before turning more positive, despite better valuation support after recent share price weakness.Jarden reaffirmed its neutral rating on Emeco Holdings and lowered its price target to AU$1.05 from AU$1.30.The company's shares fell 3% in recent Thursday trade.