The investmentbank Pareto Securities lower their earnings estimates for Mowi for 2019, and the earnings are now 10 percent below the EBIT consensus in the fourth quarter of 2019.
Poorly achieved prices in the US and high production costs in the UK will negatively impact the company in the quarter, predicts analyst Carl-Emil Kjølås Johannessen.
“We do not expect the quarterly report to be positive, but argue that the estimate for earnings per share in 2020 of 15 times, with a direct dividend of five percent is relatively attractive,” he writes in an analysis update.
The analyst has an EBIT estimate of 172 million euros for the quarter.
For 2020, Pareto expects a net profit of EUR 1.48 per share. Pareto has a Hold recommendation with a price target of NOK 220 on Mowi.
The Mowi share was traded at NOK 229 on Tuesday morning – relatively unchanged from Monday.