** Jefferies says Elders' ELD.AX yearly earnings were in line with the brokerage's estimates, although it missed street consensus
** Aussie agribusiness firm posted yearly net profit after tax (NPAT) of A$45.1 mln ($29.33 mln) for fiscal 2024, a 55% decline vs A$100.8 mln last year
** Brokerage Citi says FY results a mixed bag as EBIT lands in the lower half guidance range
** Says upbeat on co's plans to acquire local firm Delta Agribusiness Pty for enterprise value of A$475 mln, to be funded by equity raise of A$246 mln
** Jefferies cuts ELD's earnings margins by 53 basis points (bp), 21 bp and 7 bp for fiscals 2025, 2026 and 2027, respectively
** Maintains "hold" rating but trims price target to A$7.9, down 9%
** ELD down 14.9% YTD as of last close, outperforming a 6% rise on the ASX Agribusiness index .AXAG
($1 = 1.5375 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com))
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