About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds Other Sites:   sharetrader.co.nz  |   stockguru.co.nz
 
sharemarket
NZX 50 Index 3092.20 9.70
S&P/ASX 200 4532.70 0.00
Dow Jones Industrials 10320.10 50.60

F&P Healthcare humidification products will drive earnings, Morningstar says

Tuesday 1st December 2009

Text too small?

Fisher & Paykel Healthcare Corp.’s respiratory humidification business, which lagged behind sleep apnea sales in the first half, will probably drive earnings growth through the remainder of the year as the company rolls out new products.

Obstructive sleep apnea, or OSA products were the company’s “star performer” in the first half, achieving 20% growth in constant currency terms, said Morningstar analyst Nachi Moghe, who rates the stock ‘accumulate.’

“We think the company will continue to achieve strong growth in the region of between 18 – 20% in the second half,” he said in a Nov. 24 report. “FPH has a strong product pipeline which we think will enable it to gain market share.”

F&P Healthcare garners equal amounts of revenue from OSA products and its respiratory and acute care (RH) products. The latter’s performance is expected to grow “incrementally” and remain in the double digits throughout the second half, eventually becoming the main contributor, Moghe said.

The company plans to expand its current range of masks and launch new flow generators, while declines in prices of OSA products “seem to have stabilized” he said.

“We think FPH is firing on all cylinders”

Shares of F&P Healthcare rose 0.9% to $3.20 on the NZX today and have climbed about 4% in the past month, while the NZX 50 fell 2%.

The company gets almost 80% of its revenue in U.S. dollars and has enjoyed growth in North America amid growing awareness of the link between sleep apnea and health conditions including heart disease.

Net profit after tax grew 31% to $37 million in the first half, boosted by a weaker New Zealand dollar and solid underlying growth. Gross margin dropped 140 basis points due to an adverse sales mix.

 

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.
Bookmark and Share   Printable version
Related News

F&P Healthcare projects flat earnings
Daily ShareChat: Fisher & Paykel Healthcare
Daily ShareChat: Fisher and Paykel Healthcare
Daily ShareChat: Fisher and Paykel Healthcare
F&P Healthcare posts 15% gain in profit
Daily ShareChat: Fisher & Paykel Healthcare
F&P Healthcare commits to third Auckland building as part of $33M spending plan
Daily ShareChat: Fisher & Paykel Healthcare
Record profit for Fisher & Paykel Healthcare - outlook strong
F&P Healthcare trims $23m of debt

Get quotes for Fisher & Paykel Healthcare Corporation L (FPH)
NZX Annoucements for FPH
3 Sep 2010 RELINT: FPH: Disclosure of Director & Officers Relevant Interests
3 Sep 2010 SSH: FPH: SSH - Mondrian Investment Partners Limited
27 Aug 2010 MEETING: FPH: RESULTS OF RESOLUTIONS AT ANNUAL SHAREHOLDERS MEETING
27 Aug 2010 ADDRESS: FPH: FPH Annual Shareholders Meeting Speeches
16 Jul 2010 RELINT: FPH: Disclosure of Directors relevant interests
9 Jul 2010 MEETING: FPH: FPH Proxy Form
9 Jul 2010 ALLOT: FPH: NOTIFICATION OF ISSUE OF SECURITIES
9 Jul 2010 MEETING: FPH: FPH Notice of Annual Meeting
5 Jul 2010 DRP: FPH: DIVIDEND REINVESTMENT PLAN
1 Jul 2010 ALLOT: FPH: NOTIFICATION OF ISSUE OF SECURITIES
29 Jun 2010 ANNREP: FPH: FPH Annual Report 2010
25 Jun 2010 GENERAL: FPH: Impact of Government Budget tax changes
18 Jun 2010 RELINT: FPH: Disclosure of Director Relevant Interests
14 Jun 2010 AUDITORS: FPH: AUDIT REPORT ON ANNUAL FINANCIAL STATEMENTS YE 31.3.2010
14 Jun 2010 RELINT: FPH: Nomination of Directors
10 Jun 2010 RELINT: FPH: Disclosure of Directors and Officer Relevant Interests
31 May 2010 APPNDX7: FPH: Appendix 7
28 May 2010 DRP: FPH: DIVIDEND REINVESTMENT PLAN - LETTERS TO SHAREHOLDERS
27 May 2010 ADDRESS: FPH: FPH Presentation to Analysts and Fund Managers
26 May 2010 FLLYR: FPH: FPH REPORTS 15% GROWTH IN PROFIT TO NZ$71.6M
3 May 2010 GENERAL: FPH: FISHER & PAYKEL HEALTHCARE TO ANNOUNCE FULL YEAR RESULTS
15 Apr 2010 SSH: FPH: SSH (Schroder Investment Management Investment Limited)
12 Apr 2010 SSH: FPH: SSH (UBS Nominees Pty Ltd and its related bodies corporate)
8 Apr 2010 ALLOT: FPH: NOTIFICATION OF ISSUE OF SECURITIES
10 Mar 2010 GENERAL: FPH: FISHER & PAYKEL HEALTHCARE INTRODUCES NEW CPAP RANGE
8 Feb 2010 SSH: FPH: SSH Notice (The Capital Group Companies, Inc.)
7 Jan 2010 ALLOT: FPH: NOTIFICATION OF ISSUE OF SECURITIES
5 Jan 2010 RELINT: FPH: Disclosure of Director Relevant Interests
 
Fisher & Paykel Healthcare Corporation Limited Ord Shares

Current quote:
FPH $2.98
Quotes delayed 20 minutes
Price when article published: $3.21

Previous News
Sharemarket News By Email
AM Update (daily) - View sample
News Alerts - View sample
After the Bell (daily) - View sample

More info - RSS feeds - Unsubscribe/Update

Stock Quote
Exchange:
Stock Code:
Don't know the stock code? Search by keyword:
Keyword:
At a Glance
NZX 50 Index 3092.20 9.70
S&P/ASX 200 4532.70 0.00
Dow Jones Industrials 10320.10 50.60
Comment & Analysis

One of our mortgages came up for roll-over in the past couple weeks and, after a squizz around www.mortgagerates.co.nz, and a general vague feeling that interest rates are only going to rise from here, we fixed for three years at a bit over 7%. Who knows if that was the right thing to do?  Picking where [...]
Pattrick Smellie  More »

Pattrick Smellie
  forex centre
cfd centre
options centre
NZX 15 Index
AIA 2.04 -0.01
APT 0.75 0.01
CEN 5.65 0.01
FBU 7.70 0.02
FPH 2.99 0.00
GMT 0.94 0.01
IFT 1.68 0.00
KIP 0.97 0.01
NPX 3.20 0.02
NZO 1.21 0.01
RYM 2.06 0.00
SKC 2.95 0.00
SKT 5.10 0.03
TEL 2.05 0.02
VCT 2.08 0.00

More market prices »

NZX Announcements

© Copyright 2010 Tarawera Publishing Limited. All Rights Reserved.