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Daily ShareChat: Fisher & Paykel Healthcare

By Jenny Ruth

Monday 25th May 2009

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 Jenny Ruth

Fisher & Paykel Healthcare is likely to report a 71% rise in annual net earnings to $60 million on Tuesday, close to the company's guidance provided when it reported its first-half results, says Guy Hallwright at Forsyth Barr.

That guidance was based on the New Zealand dollar averaging 55 US cents through the second half and it ended up averaging slightly above that level.

He expects revenue from the company's acute and respiratory products will be in line with guidance of slightly below 15% in US dollar terms.

Revenue from its obstructive sleep apnea (OSA) products, also expected to be about 15%, could disappoint slightly because "lower-level OSA treatment may have a discretionary element in recessionary times," Hallwright says.

The company "continues to make steady progress into non-ICU respiratory therapy, laparoscopic insufflation and new masks and auto-sensing flow generators in OSA."

Hallwright says Fisher & Paykel Healthcare's growth outlook is driven by continued product innovation and strong growth in the global OSA market as well as increasing consumables (such as masks) sales. Expansion outside intensive care in respiratory humidification could potentially double or triple the company's addressable market, he says.

While the company's earnings have been severely impacted by the strong New Zealand dollar in recent years, "we believe we are finally seeing a sustained fall."

 

BROKER CALL:  Forsyth Barr rate Fisher & Paykel Healthcare (NZX: FPH ) as BUY.

 

 

 

Daily ShareChat articles report how the main experts in the market might view a certain share and we provide this commentary as a useful resource for investors. Content on this site does not in any way constitute a recommendation to buy, hold or sell any particular share. Investors should always seek professional advice before making any investment decisions.

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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: $3.10

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