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The latest announcement is out from Perpetual Limited ( (AU:PPT) ).
Perpetual Limited has revised its FY25 non-cash impairment announcement, correcting the impairment figure to be pre-tax rather than post-tax. The company expects to recognize a non-cash impairment charge of approximately $153.7 million pre-tax, primarily due to the reduced carrying value of goodwill and customer contracts in its J O Hambro boutique. This impairment will affect the statutory results for FY25 but does not impact the company’s liquidity or compliance with banking covenants.
The most recent analyst rating on (AU:PPT) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
More about Perpetual Limited
Perpetual Limited is a company operating in the asset management industry, providing financial services with a focus on asset management and investment strategies. It is known for its boutique investment management business, J O Hambro, which has been experiencing significant net outflows.
Average Trading Volume: 278,265
Technical Sentiment Signal: Buy
Current Market Cap: A$2.46B
See more insights into PPT stock on TipRanks’ Stock Analysis page.