Q: What do you think of their quarter and past year numbers? Starting to build some good numbers that are sustainable? Would you hold it for a while if the goal is to invest in dividend stocks that have growth.
5i Research Answer:
It has been a long time coming buy RAY.A is finally starting to perk up. EPS was 27c, slightly missing estimates. Revenue of $100.3M was 5% better. EBITDA of $38.6M was 9% ahead of estimates. Revenue rose 12%. EBITDA rose 12%. Free cash flow rose 81% and was well ahead of estimates. Debt remains high, but consensus now calls for close to 40% growth from 2023 to F2025 (March year end). We would still like to see lower debt here, but at 8X earnings with a 4% dividend these numbers should continue to generate some investor interest.