|Bid||6.82 x 0|
|Ask||6.93 x 0|
|Day's range||6.78 - 7.09|
|52-week range||5.98 - 8.22|
|PE ratio (TTM)||25.58|
|Earnings date||22 Aug. 2017 - 28 Aug. 2017|
|Forward dividend & yield||0.30 (4.02%)|
|1y target est||8.04|
A prolonged US winter and heavy rain in Texas have hurt building products supplier Boral's earnings for the March quarter, sending the company's shares sharply lower. Earnings from the company's Australian operations were also below expectations in the three months to March 31, due to a kiln outage, challenging conditions in Western Australia and rain in Queensland. Shares in Boral dropped 65 cents, or 8.6 per cent, to $6.88, a six month low.
A prolonged US winter and heavy rain in Texas have hurt building products supplier Boral's earnings for the March quarter, sending the company's shares sharply lower. Boral has released a disappointing trading update that says earnings in its biggest market of North America in the three months to March 31 were below expectations. Earnings from the company's Australian operations were also below expectations during the March quarter due to a kiln outage, challenging conditions in WA and rain in Queensland.
Boral expects the sale of its NSW property to contribute $56 million to earnings for the 2018 financial year. The building materials supplier said the sale of the Prospect Masonry property at Greystanes in NSW progressed earlier than expected and the company will provide a more detailed update at the company's investor day in May. Boral also revised its outlooks for its Australian and North American arms with earnings from Boral Australia now expected to improve about 10 to 20 per cent in the full-year, while Boral North America will deliver an earnings lift of around 10 to 25 per cent following a weaker than expected March quarter.