Australia's Dyno Nobel slips; Jefferies flags FY27 earnings gap despite in-line profit

Shares of Australian explosives maker Dyno Nobel DNL.AX down 1.3% at A$3.415

Analysts at Jefferies say Dyno's annual net profit after tax was consistent with its estimates

Brokerage says co's FY26 earnings before interest and tax forecast is 3% ahead of Jefferies' estimates at mid-point

Jefferies, however, flags "big earnings hole" in FY27

Adds that co's decision to exit Phos Hill mine by end FY-26 led to material drop in EPS forecast into FY27

Brokerage says management needs to address "earnings hole" despite ongoing buyback

Jefferies maintains price target at A$3.38 and "hold" rating

Four of nine analysts rate stock "buy" or higher, five "hold"; their median PT is A$3.38, as per data compiled by LSEG

DNL up 17% this year, including day's move