|Bid||8.50 x 120400|
|Ask||8.53 x 298500|
|Day's range||8.25 - 8.54|
|52-week range||2.15 - 9.00|
|PE ratio (TTM)||69.35|
|Forward dividend & yield||N/A (N/A)|
|1y target est||7.70|
NEW YORK--(BUSINESSWIRE)-- The a2 Milk Company™, capitalizing on strong consumer demand, today announced a major expansion in the US market with products now available to consumers throughout the Northeast. ...
Former Jetstar chief executive Jayne Hrdlicka had been appointed the next head of The A2 Milk Company. Ms Hrdlicka will remain with Qantas until March and join the dairy company at the start of the 2018/19 financial year, taking over from current A2 Milk CEO Geoffrey Babidge, who is retiring after seven years in the role. The announcement comes less than a month after Ms Hrdlicka switched roles at Qantas to be head of its loyalty and digital ventures division.
Shares in The A2 Milk Company have surged after the fresh milk and infant formula supplier said revenue and profit grew strongly in the first four months of the current financial year. The news drove A2's ASX-listed shares up 39 cents, or 5.5 per cent, to $7.46. A2 Milk also said it has a strong platform from which to expand further into new markets and new nutritional categories.
New Zealand shares fell on Monday as weaker-than-expected data out of China compounded jitters after a ransomware attack and a missile test by North Korea.
A2 Milk Co's third-quarter sales have beaten expectations as Chinese and Australian demand outstripped the milk marketer's projections.