GNC News Today | Why did GrainCorp stock go up today? (2024)

FAQs

What is the prediction for Graincorp? ›

GrainCorp's revenue is forecast to decline at 4.1% per annum while its annual earnings are expected to grow at 9.4% per year. EPS is expected to grow by 8.9% per annum. Return on equity is forecast to be 7.1% in 3 years.

Based on analyst ratings, Graincorp Limited Class A's 12-month average price target is AU$9.54.

The overall consensus recommendation for Graincorp is Buy. You can view the full broker recommendation list by unlocking its StockReport. What is the Graincorp dividend yield? The Graincorp dividend yield is 3.25% based on the trailing twelve month period.

Currently, GNC appears to be trading around its fair value, but given the uncertainty from negative returns in the future, this could be the right time to reduce the risk in your portfolio.

GrainCorp now expects to report annual underlying net profit of $60 million to $80 million, against guidance of $65 million to $95 million – also issued in February – and a 2022-23 result of $250 million.

In response to variable weather conditions across the globe, the 2024/25 coarse grains production forecast is lowered by 1.4 million to 1,511.2 million tons this month. This reduction is largely attributed to a lower barley output projection, partly offset by higher projected global corn output.

As GNC expands its footprint, it is redesigning the role of its stores to deliver a technology-based, customer-centric shopping experience. The vitamins and supplements retailer said it opened 75 new stores in 2022, and several dozen in 2023 year-to-date, with 88 new commitments and another 15 anticipated by year-end.

GNC Holdings filed bankruptcy on June 23, 2020. Harbin Pharmaceuticals, a large shareholder, submitted a "stalking horse bid" for the company as part of the filing. Shares were delisted and moved to the "pink sheets" where value has slowly decayed awaiting bankruptcy settlement. The common is now trading below $0.15.

Driven by the opening of 75 new stores in 2022, several dozen in 2023 year-to-date, 88 new commitments, and another 15 agreements anticipated by year-end, GNC is building momentum for the future.

Graincorp's Nutrition and Energy segment reported EBITDA of $76 million, down from $131 million in 1H 2023. The fall in earnings came as improved volumes were offset by moderated crush margins, with the company citing a lower supply of canola seed and weaker vegetable oil prices year on year.

How does GrainCorp make money? ›

GrainCorp operates as an agribusiness company involved in storage and logistics, marketing and processing of grains and oils.

In 1992, a group of grain farmers banded together to buy the company from the NSW Government. Since then, GrainCorp, as it became known, has transformed from a NSW-based grain handling company into an international agribusiness with a diversified revenue stream.

GNC Holdings, Inc. In 2020, Harbin Pharmaceutical Group, a Chinese state-owned pharmaceutical manufacturer, acquired the company.

GNC main competitors are Vitamin World, Abercrombie & Fitch Co, and Oakley. Competitor Summary. See how GNC compares to its main competitors: Abercrombie & Fitch Co has the most employees (44,000).

GRAINCORP Limited has today announced a net profit after tax of $250 million for the financial year ending September 30, a drop of 34 percent on last year's result. GrainCorp's earnings before interest, taxes, depreciation, and amortisation also declined from $703M in FY22 to $565M in FY23.

We operate the largest grain storage and handling network on the east coast of Australia, operating more than 150 regional receival sites and 20 million metric tonnes of storage capacity.