Stocks that met the guidance/ outperformed

 

G8 Education Ltd

GEM Dividend Details
 
Maintained strong performance driven by acquisitions: G8 Education Ltd (ASX: GEM) trading at a dividend yield of about 7.1%, reported its full year financial results with revenue up 44% to $703 million compared to previous year led by 44 acquisitions of early education centres. Led by strong growth and integration, underlying earnings before interest and tax rose 45% to $145.4 million. With 489 owned centres in Australia and Singapore, underlying net profit after tax was up 44% to $87.1 million. Operating cash flow increased to $95.1 million from $74.7 million earlier. Looking ahead to calendar year 2016, the company foresees to generate double digit EPS growth and acquire between $50 million and $150 million in centre acquisitions.
 


Growing EPS (Source: Company reports)
 

Arena REIT No. 1

ARF Dividend Details
 
Strong distributions: Arena REIT No 1 (ASX: ARF)trading at a decent dividend yield reported its interim financial results that led to a surge in the company's stock price by 5.37% in the last one month (as of February 29, 2016). For interim financial year 2016 results, net operating profit increased 20% on prior comparable period to $12.6 million. Statutory net profit increased 93% to $41.4 million. Distributable income per security increased 5.52 cents, an increase of 11% on prior year period. Net asset value per security increased 13 cents to $1.46. For financial year 2016, distribution guidance increased 9% to 10.9 cents from previous year.
 

Sirtex Medical Ltd

SRX Dividend Details
 
Growing global dose sales: Sirtex Medical Ltd (ASX: SRX)reported its interim financial results with net profit after tax of $25.9 million, an increase of 46.9% from the year ago period. Revenue from sale of goods was up 40% to $112.6 million, led by 15.7% growth in global dose sales to $5,728 units. Cash and cash equivalents were up 33% to $73.7 million. A final fully franked dividend of 20 cents per share was declared for the full financial year 2015, an increase of 6 cents from the prior year.
 


Financial highlights (Source: Company reports)
 

Genworth Mortgage Insurance Australia Ltd

GMA Dividend Details
 
Moderate results: Genworth Mortgage Insurance Australia(ASX: GMA), trading at a dividend yield of 12.44%, reported its full year financial results with net earned premium growth (5.4%) slightly ahead of guidance. The statutory net profit after tax of $228.0 million was a 29.7% decrease on the previous corresponding period. Total new insurance written dipped 9.9% to $32.6 billion while gross written premium was down 20% to $507.6 billion. Underlying NPAT for the year stood at $264.7 million, a decline of 5.3%. GMA has a strong and stable balance sheet with $1.32 billion of unearned premium reserve. Ordinary dividends per share increased 66.7% to 26.5 cents per share with dividend payout ratio falling within expectations.
 


FY15 Result (Source: Company reports)
 

Insurance Australia Group Ltd

IAG Dividend Details
 
Stable insurance margin: Trading at a dividend yield of 5.33%, Insurance Australia Group Ltd (ASX: IAG) reported its financial results with first half financial year 2016 insurance profit of $610 million compared to $693 million in the first half a year ago. Underlying insurance margin stood at 14.2% compared to 13.3% in year ago, including a Berkshire Hathaway quota share positive effect of approximately 250 basis points. The board has determined to pay an interim fully franked dividend of 13 cents per ordinary share on 30 March 2016, representing a cash payout ratio of 62.7%.
 

Stocks that missed the guidance/ underperformed

 

BHP Billiton Ltd

BHP Dividend Details
 
Falling revenue, net profit: BHP Billiton Ltd (ASX: BHP) reported its half year financial results with statutory loss from operations standing at $7.03 million compared to $7.93 million profit in the previous year. Attributable loss stood at $5.67 million compared to $4.26 million earlier. Net operating cash flow dipped 45% to $5.26 million from $9.62 million. Revenue was down 37% to $15.7 billion. The first half dividend cut was of the order of 74% quite below the market expectations.
 

Aurizon Holdings Ltd

AZJ Dividend Details
 
Weaker financials: Aurizon Holdings Ltd (ASX: AZJ) with a dividend yield of about 6.3%, reported its interim financial results with underlying earnings before interest and tax of $403 million compared to $486 million in same period a year ago. Statutory loss after tax stood at $108 million compared to a profit of $308 million in year ago period. Dividend per share was up 12% to 11.3 cents per share. Looking ahead, EBIT guidance for full financial year is seen between $845 million to $885 million.    

 

Capital expenditure outlook (Source: Company reports)
 

Suncorp Group Ltd

SUN Dividend Details
 
Below expectation results: Suncorp Group Ltd (ASX: SUN) reported its half year financial results with group net profit after tax standing at $530 million compared to $631 million in year ago period. Interim dividend stood at 30 cents per share compared to 38 cents in earlier period. However, Bank NPAT increased to $194 million from $176 million, as a result of improving credit quality and very low impairment losses. In December 2015, SUN advised the market about the negative impact on interim and full year results from the lift in claims and drop in the Australian dollar.



Financial highlights (Source: Company reports)
 

Asciano Ltd

AIO Dividend Details
 
Relatively flat financials: Asciano Ltd (ASX: AIO) reported its interim financial year 2016 results with statutory revenue dipping 4.3% to $1.86 billion from year ago period. Underlying EBITDA was almost flat at $568.4 million compared to $563.9 million in prior year period. On the other hand, statutory net profit after tax after minority interests increased 5.3% to $199.8 million. Even interim dividend per share rose 57.6% to 13 cents per share. For full year 2016, the company expects a guidance of flat to low single digit underlying EBIT growth maintained. At the same time, AIO’s capexdropped by 46% and FY16 capital expenditure is expected to be $350 million down from the previous forecast range of $390-440 million.
 



Impact on EBIT (Source: Company reports)

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