Hayward Tyler tipped to surge 50%

Hayward Tyler (HAYT) has been a star performer over the past two years, but the pumps and motors manufacturer has plenty more in the locker, it seems. After bagging £10 million of contracts last month, the level of new orders this half- year has beaten internal targets and there’s a good chance of an earnings surprise at the full-year results.

“Given the visibility we now have, and the ongoing positive outlook for new orders, the board is confident in the group’s ability to at least achieve current market expectations for the full year,” said chief executive Ewan Lloyd-Baker.

Broker finnCap currently expects adjusted pre-tax profit of £4.3 million in the year to March 2015, giving adjusted earnings per share (EPS) of 6.7p, up from £4 million and 6.5p, respectively last year. But even it admits that “positive trading momentum suggests that forecasts may have upside potential.”

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