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Take a look at performance of these ASX-listed stocks
Australian stock market benchmark index, S&P/ASX 200, closed marginally higher on Tuesday. It gained 0.41% to 6,496.20 points after setting a new 50-day low. The index has lost 223.70 points in the last five trading sessions and 916.20 points in the past six months. In last one year, it has dropped 10.71% and has shed off 14.41% on a year-to-date basis.
Meanwhile, All Ordinary index closed 0.43% up, and ASX 200 VIX (INDEXASX:XVI) ended the session with a loss of 6.20%.
Today (27 September 2022), four out of eleven significant sectors ended in the green. The materials sector led the gain with a rise of 2.57%, and A-REIT was the worst performing sector with a fall of 2.17%.
In this article, we at Kalkine Media® are discussing how the shares of Computershare Limited, Reece Limited, Mirvac Group, and James Hardie Industries Plc have performed on ASX today. Also, the recent financial performance and outlook are discussed.
Australian software and services company, Computershare was founded in 1978 with an aim to offer computer services to those groups that needed to automate their process. Now the company has progressed to offer specialist computer bureau services to share registrars. The company offers solutions for high volume transaction procession, integrity data management, and stakeholder management.
The company was listed on ASX in 1994 and currently holds a market capitalisation of AU$14.96 billion.
During the financial year 2022, the company reported a 12.2% increase in the management revenue to AU$2.6 billion. Management EBIT surged 19% on the previous year to AU$530.9 million, and management EPS grew 10.6%. Margin income during the financial year increased 74.3% to AU$186.5 million. The group reported AU$322.6 million of free cash flow with cash conversion of 60%.
While sharing the full-year results, the board had determined to pay a final dividend of 30 cents per share, 30% higher than the last year's dividend.
In FY23, the company expects a 55% increase in management EPS, with costs expected to rise due to the inflationary pressure experienced by the business.
Computershare shares closed 0.36% lower from its previous close to AU$24.70 per share. Meanwhile, the benchmark index, ASX 200 Information Technology index (INDEXASX:XIJ) closed 0.52% up.
Image source: © Monkeybusinessimages | Megapixl.com
Australian capital goods company, Reece assists infrastructure, commercial and residential buildings across the United States, New Zealand and Australia. The company operates multiple units like Reece plumbing centres, bathroom life, onsite, irrigation and pool, civil, HVAC and fire and Actrol, metaflex, and viadux.
In the financial year 2022, Reece's sales revenue grew 22%, and net profit after tax increased 37%. Normalised EBITDA surged 16%, while EBIT increased 17%. The company reported a 37% growth in earnings per share. Full year dividend was 22.5 cents per share.
Shares of Reece closed 1.20% lower at AU$14.03 apiece today. Meanwhile, the benchmark index, ASX 200 Industrials closed 0.28% down at 5,987.30 points.
Real estate company, Mirvac has a clearly defined purpose, that is, to reimagine urban life (as per the company's official website). Founded in 1972, the company has evolved from a joint venture to an ASX-listed property group.
Mirvac's business includes retail, office & industrial, residential and build-to-rent developments.
This ASX50 company said that the company's success is underpinned by its diversified and integrated business model.
The company reported 1% surge in its statutory profit, 8% increase in operating profit and 25% growth in residential gross development margin. In 12 months, the company's operating cash flow grew 41% and NTA 4%.
In a letter to security holders, the company informed that in FY23, it would focus on progressing its AU$12.4 billion mixed-use and commercial development pipeline. Under the assumption that no material change would occur in FY23's operating environment, the company targets operating earnings of a minimum 15.5% stapled security and distribution of a minimum 10.5% per stapled security.
Mirvac shares ended today session at AU$1.92 per share, 1.54% lower from its previous close. Meanwhile, the benchmark index, ASX 200 Real estate closed 2.17% down.
Image source: © Pp1| Megapixl.com
Australian materials company, James Hardie Industries, markets and produces fibre cement siding, fibre gypsum products and backerboard. James Hardie claims its products are made from substantial and natural raw materials.
The company's primary geographic markets include the Philippines, New Zealand, Europe, Australia and America.
Recently, the group shared financial results for the first quarter of FY23. In these three months, the global net sales grew 19%, adjusted EBIT 15%, with an EBIT margin of 20.8%. Reportedly, net sales increased across all three geographies: North America, Asia Pacific and Europe.
Taking into consideration the uncertain macroeconomic conditions, inflationary pressure and uncertain housing market, the management had decreased the adjusted net income guidance range for the fiscal year 2023. It has been reduced from US$740 million – US$820 million range to US$730 million – US$780 million.
Share price of James Hardie dropped 1% to close at AU$30.79 per share.
Sonal has experience in the field of content development and academic research. At kalkine, At Kalkine, she tracks business news, stock markets, companies, and economic developments in Australia. She has a postgraduate degree in financial management ...
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