Profit reporting season moves into its busiest period this week, with a wave of profit reports, including some very big names: Qantas, Woolworths and Wesfarmers are among this week’s results – so supermarket wars will be one of this week’s main themes.
So far this season, according to Shane Oliver, head of investment strategy and chief economist at AMP Capital, 51% of companies have reported, with 68% lifting their earnings on a year ago. About 46% of companies have beaten expectations, which is around the reporting-season norm of 45%. With dividend yield a major theme of the season, 92% of companies have either boosted or maintained their dividends.
About 56% of companies have seen their share price outperform the market the day results were released. But a lot have not – especially where the outlook statements have disappointed the market.
After more than tripling its first-half profit to $688 million, Qantas is expected on Wednesday to report a full-year profit of about $1.5 billion – which would represent a staggering turnaround on the $2.8 billion loss it reported two years ago. On earnings per share (EPS) basis, analysts expect Qantas to more than double its earnings, and they are bullish on the stock, with a consensus target price of $4.49 – more than one-third higher than the share price.
For yield-oriented investors, Qantas is not a dividend payer. But the company has been rewarding shareholders in a different way. The Flying Kangaroo returned just over $1 billion to shareholders last financial year through a $500 million share buyback and a $505 million tax-effective capital return in October. Analysts expect more in this vein given that Qantas’ franking credit balance has not been replenished, because it has been in loss.
Macquarie expects Qantas to announce $950 million of additional share buybacks in the current financial year, followed by dividends at a 50% payout ratio from the 2018 financial year onwards. Fellow broker Citi expects at least a $490 million share buyback in FY17, plus a dividend of 10 cents a share.
Also on Wednesday, Wesfarmers is expected to reveal massive write-downs: in May the company warned the market that it would have to take impairments of more than $2.3 billion – the biggest hit to the company’s balance sheet in its 102-year history – in the FY16 result. That would erase nearly all of Wesfarmers’ full-year profit for FY16.
Wesfarmers also foreshadowed that Target would plunge $50 million into the red this year, and that Wesfarmers’ coal operations would likely lose about $300 million this year, on the back of a plunge in export coal prices.
In the crucial supermarkets division, the performance of Coles will be heavily scrutinised: Coles grew its earnings before interest and tax (EBIT) by 5.6% in the first half, and a repeat performance would be considered impressive. Bunnings did even better in the first half, boosting its EBIT by 13.8%, and it’s expected to be the prime driver for Wesfarmers’ underlying earnings.
If Coles can maintain its growth rate in the face of fierce competition – both from sharper pricing at Woolworths and the continuing inroads being made by Aldi and Costco – it would represent a very impressive effort. Analysts will also look for the sales comparison in the final quarter, to see whether Coles can rack up its 28th consecutive quarter of better like-for-like growth grocery sales
But the losses in Target and the coal division will likely see Wesfarmers cut its final dividend: analysts expect a 5.3% fall in the full-year payout, even though the interim dividend earlier this year was lifted by 2 cents to 91 cents.
Woolworths reports on Thursday, and analysts also expect massive impairments, from restructuring charges and the discontinued Masters operation – about $2.7 billion worth for the year, consigning Woollies to a bottom-line loss of about $1.2 billion, its first loss in 23 years as a public company. Woolworths is expected to cut its dividend by just over 40% – leaving WOW shares on a prospective FY17 dividend yield of 3.4%, an unfavourable comparison to the 3.8% it offered investors two years ago.
The point with both Woolworths and Wesfarmers is that the market expects the writedowns; because investors are forward-looking, this makes the tone of the companies’ outlook statements very important in terms of share price reaction to the results.
Investors looking for opportunities in reporting season should look for the combination of improving earnings and dividends, along with some scope for the share price to move higher, as indicated by the gap between the current share price and the consensus target price estimate of the analysts that follow the stock.
In such cases, a better-then-expected result should be seen as a bonus.
Stocks in this category are:
- vitamin heavyweight Blackmores (reports Wednesday, 14.9% consensus upside).
- media intelligence company iSentia (reports Wednesday, 37% consensus upside).
- salary packaging, novated leasing and fleet management company McMillan Shakespeare (reports Wednesday, 8.8% consensus upside).
- life sciences company Sirtex Medical (reports Wednesday, 11.5% consensus upside).
- retirement living real estate investment trust (REIT) Ingenia Communities Group (reports Wednesday, 12.8% consensus upside).
- residential property developer Cedar Woods Properties (reports Thursday, 16% consensus upside).
- Nine Entertainment Company (reports Thursday, 24.8% consensus upside).
- shoe retailer RCG Corporation (reports Thursday, 10.9% consensus upside).
- women’s fashion retailer Specialty Fashion (reports Thursday, 5.5% consensus upside)
- drug manufacturer Mayne Pharma (reports Friday, 8% consensus upside).
- the country’s fourth-largest telco, Vocus Communications (reports Monday 29 August, 11.6% consensus upside).
- building cleaning, maintenance and security services group Millennium Services Group (reports Monday August 29, 32.7% consensus upside).
- gaming and entertainment company Star Entertainment (reports Monday August 29, 5.4% consensus upside).
Full-year earnings per share (EPS) and dividend per share (DPS) expectations for major companies reporting this week (analysts’ consensus figures from FN Arena):
Tuesday 23 August
Aconex (ACX)
FY16 EPS change: –50.9% to 5.4 cents
FY16 DPS change: no dividend expected
FY17 EPS change: +74.1% to 9.4 cents
FY17 DPS change: no dividend expected
Ainsworth Game Technology (AGI)
FY16 EPS change: –27.3% to 16 cents
FY16 DPS change: –3% to 9.7 cents
FY17 EPS change: +23.8% to 19.8 cents
FY17 DPS change: +24.7% to 12.1 cents
Bradken (BKN)
FY16 EPS change: from –141.1 cents to 21.8 cents
FY16 DPS change: –40% to 6.6 cents
FY17 EPS change: –29.4% to 15.4 cents
FY17 DPS change: no dividend expected
Charter Hall Group (CHC)
FY16 EPS change: –7.9% to 30.2 cents
FY16 DPS change: +10.7% to 26.8 cents
FY17 EPS change: +2.3% to 30.9 cents
FY17 DPS change: +2.2% to 27.4 cents
Greencross (GXL)
FY16 EPS change: +117.9% to 37.4 cents
FY16 DPS change: +11.8% to 19 cents
FY17 EPS change: +11.5% to 41.7 cents
FY17 DPS change: +15.8% to 22 cents
Healthscope (HSO)
FY16 EPS change: +29.1% to 11.1 cents
FY16 DPS change: +7.1% to 7.5 cents
FY17 EPS change: +9% to 12.1 cents
FY17 DPS change: +10.7% to 8.3 cents
LifeHealthcare (LHC)
FY16 EPS change: –32.8% to 16 cents
FY16 DPS change: –26.7% to 11 cents
FY17 EPS change: +6.3% to 17 cents
FY17 DPS change: +9.1% to 12 cents
MMA Offshore (MRM)
FY16 EPS change: from –13.9 cents FY15 to –4.4 cents
FY16 DPS change: from –5.5 cents FY15 to nil
FY17 EPS change: from –4.4 cents FY16 to –8.3 cents
FY17 DPS change: no dividend expected
Monadelphous (MND)
FY16 EPS change: –35% to 74 cents
FY16 DPS change: –36.8% to 58.1 cents
FY17 EPS change: –14.3% to 63.4 cents
FY17 DPS change: –11.5% to 51.4 cents
National Storage REIT (NSR)
FY16 EPS change: +7.3% to 8.8 cents
FY16 DPS change: +7.3% to 8.8 cents
FY17 EPS change: +8% to 9.5 cents
FY17 DPS change: +6.8% to 9.4 cents
Pacific Brands (PBG)
FY16 EPS change: +161.9% to 5.5 cents
FY16 DPS change: from no dividend FY15 to 3.1 cents
FY17 EPS change: +16.4% to 6.4 cents
FY17 DPS change: +25.8% to 3.9 cents
Prime Media Group (PRT)
FY16 EPS change: –9.1% to 8 cents
FY16 DPS change: –20.6% to 5.4 cents
FY17 EPS change: –12.5% to 7 cents
FY17 DPS change: –16.7% to 4.5 cents
Senex Energy (SXY)
FY16 EPS change: from –3.6 cents FY15 to 10.5 cents
FY16 DPS change: no dividend expected
FY17 EPS change: from 10.5 cents FY16 to –2.2 cents
FY17 DPS change: no dividend expected
SMS Management & Technology (SMX)
FY16 EPS change: –45.3% to 13.4 cents
FY16 DPS change: –33.5% to 11.3 cents
FY17 EPS change: +21.6% to 16.3 cents
FY17 DPS change: +8.8% to 12.3 cents
Virtus Health (VRT)
FY16 EPS change: +13.7% to 41.9 cents
FY16 DPS change: +2.6% to 27.7 cents
FY17 EPS change: +7.9% to 45.2 cents
FY17 DPS change: +6.1% to 29.4 cents
Wednesday 24 August
360 Capital Group (TGP)
FY16 EPS change: –34% to 7 cents
FY16 DPS change: +5% to 6.3 cents
FY17 EPS change: +8.6% to 7.6 cents
FY17 DPS change: +4.8% to 6.6 cents
Altium (ALU)
FY16 EPS change: –79.3% to 20.2 cents
FY16 DPS change: +21.9% to 19.5 cents
FY17 EPS change: +20.3% to 24.3 cents
FY17 DPS change: +6.2% to 20.7 cents
APA Group (APA)
FY16 EPS change: –68% to 18 cents
FY16 DPS change: +10% to 41.8 cents
FY17 EPS change: +30.6% to 23.5 cents
FY17 DPS change: +8.6% to 45.4 cents
Ardent Leisure (AAD)
FY16 EPS change: +43.6% to 10.6 cents
FY16 DPS change: +0.8% to 12.6 cents
FY17 EPS change: +18.9% to 12.6 cents
FY17 DPS change: +4.8% to 13.2 cents
Bega Cheese (BGA)
FY16 EPS change: +134.6% to 19 cents
FY16 DPS change: +11.8% to 9.5 cents
FY17 EPS change: +24.7% to 23.7 cents
FY17 DPS change: +26.3% to 12 cents
Blackmores (BKL)
FY16 EPS change: +120.4% to 596.5 cents
FY16 DPS change: +114.4% to 435.3 cents
FY17 EPS change: +27% to 757.7 cents
FY17 DPS change: +27.5% to 555 cents
Boral (BLD)
FY16 EPS change: +3% to 33.9 cents
FY16 DPS change: +20% to 21.6 cents
FY17 EPS change: +13.6% to 38.5 cents
FY17 DPS change: +11.6% to 24.1 cents
ClearView Wealth (CVW)
FY16 EPS change: +148% to 4.9 cents
FY16 DPS change: +25% to 2.6 cents
FY17 EPS change: +16.3% to 5.7 cents
FY17 DPS change: +11.5% to 2.9 cents
GDI Property Group (GDI)
FY16 EPS change: +8.3% to 8.9 cents
FY16 DPS change: +2.7% to 7.7 cents
FY17 EPS change: –1.1% to 8.8 cents
FY17 DPS change: +1.3% to 7.8 cents
Generation Healthcare REIT (GHC)
FY16 EPS change: –5% to 10 cents
FY16 DPS change: +2.6% to 8.8 cents
FY17 EPS change: +3% to 10.3 cents
FY17 DPS change: +3.4% to 9.1 cents
Hansen Technologies (HSN)
FY16 EPS change: +26.2% to 13 cents
FY16 DPS change: +11.7% to 6.7 cents
FY17 EPS change: +18.5% to 15.4 cents
FY17 DPS change: +13.4% to 7.6 cents
iSentia (ISD)
FY16 EPS change: +71.3% to 16.8 cents
FY16 DPS change: +17.4% to 8.1 cents
FY17 EPS change: +11.3% to 18.7 cents
FY17 DPS change: +18.5% to 9.6 cents
K&S Corp (KSC)
FY16 EPS change: –23.7% to 8.7 cents
FY16 DPS change: –15.7% to 5.9 cents
FY17 EPS change: +24.1% to 10.8 cents
FY17 DPS change: +10.2% to 6.5 cents
Link Administration (LNK) – Listed October 2015
FY16 EPS expected: 27.8 cents
FY16 DPS expected: 7.7 cents
FY17 EPS change: +15.8% to 32.2 cents
FY17 DPS change: +120.8% to 17 cents
McMillan Shakespeare (MMS)
FY16 EPS change: +20.8% to 105.1 cents
FY16 DPS change: +19% to 61.9 cents
FY17 EPS change: +7.5% to 113 cents
FY17 DPS change: +6.3% to 65.8 cents
Paladin Energy (PDN) (Reports in US$)
FY16 EPS change: from –18.9 US cents FY15 to –1.1 US cents
FY16 DPS change: no dividend expected
FY17 EPS change: from –1.1 US cents FY16 to –0.8 US cents
FY17 DPS change: no dividend expected
Qantas Airways (QAN)
FY16 EPS change: +114.6% to 54.5 cents
FY16 DPS change: no dividend expected
FY17 EPS change: +21.1% to 66 cents
FY17 DPS change: no dividend expected
Qube Holdings (QUB)
FY16 EPS change: steady at 8.2 cents
FY16 DPS change: +7.3% to 5.9 cents
FY17 EPS change: +35.4% to 11.1 cents
FY17 DPS change: +13.6% to 6.7 cents
The Reject Shop (TRS)
FY16 EPS change: +48.4% to 73.3 cents
FY16 DPS change: +40.7% to 42.2 cents
FY17 EPS change: –22.5% to 56.8 cents
FY17 DPS change: +26.3% to 53.3 cents
Rhipe (RHP)
FY16 EPS change: from –1.1 cents FY15 to 0.4 cents
FY16 DPS change: no dividend expected
FY17 EPS change: +800% to 3.6 cents
FY17 DPS change: no dividend expected
Shine Corporate (SHJ)
FY16 EPS change: –12.8% to 15 cents
FY16 DPS change: –46.7% to 2 cents
FY17 EPS change: +6.7% to 16 cents
FY17 DPS change: +40% to 2.8 cents
Silver Chef (SIV)
FY16 EPS change: +40.7% to 73 cents
FY16 DPS change: +10.6% to 39.8 cents
FY17 EPS change: –4.2% to 69.9 cents
FY17 DPS change: +0.5% to 40 cents
Sirtex Medical (SRX)
FY16 EPS change: +28.7% to 91.9 cents
FY16 DPS change: +87.1% to 26.2 cents
FY17 EPS change: +24.3% to 114.2 cents
FY17 DPS change: +24% to 32.5 cents
Spotless Group (SPO)
FY16 EPS change: –6.9% to 12.1 cents
FY16 DPS change: –7% to 9.3 cents
FY17 EPS change: +5.8% to 12.8 cents
FY17 DPS change: –5.4% to 8.8 cents
St Barbara (SBM)
FY16 EPS change: +239.1% to 27.3 cents
FY16 DPS change: no dividend expected
FY17 EPS change: +33.3% to 36.4 cents
FY17 DPS change: no dividend expected
Steadfast Group (SDF)
FY16 EPS change: +37.7% to 10 cents
FY16 DPS change: +20% to 6 cents
FY17 EPS change: +3% to 10.3 cents
FY17 DPS change: +5% to 6.3 cents
Wesfarmers (WES)
FY16 EPS change: –4.4% to 206.5 cents
FY16 DPS change: –5.3% to 189.4 cents
FY17 EPS change: +13% to 233.4 cents
FY17 DPS change: +6.2% to 201.1 cents
Worley Parsons (WOR)
FY16 EPS change: from –22.2 cents in FY15 to 72.6 cents
FY16 DPS change: –73.9% to 14.6 cents
FY17 EPS change: –15.8% to 61.1 cents
FY17 DPS change: –39.7% to 8.8 cents
Thursday August 25
3P Learning (3PL)
FY16 EPS change: from –2.3 cents in FY15 to 4 cents
FY16 DPS change: from 1.8 cents in FY15 to nil
FY17 EPS change: –2.5% to 3.9 cents
FY17 DPS change: no dividend expected
Amcor (AMC) (Reports in US$)
FY16 EPS change: –29.6% to 39.4 US cents
FY16 DPS change: –26.8% to 38.8 US cents
FY17 EPS change: +37.8% to 54.3 US cents
FY17 DPS change: +13.7% to 44.1 US cents
Arena REIT (ARF)
FY16 EPS change: +6.5% to 11.1 cents
FY16 DPS change: +9% to 10.9 cents
FY17 EPS change: +8.1% to 12 cents
FY17 DPS change: +7.3% to 11.7 cents
AWE (AWE)
FY16 EPS change: from –43.8 cents in FY15 to –15 cents
FY16 DPS change: no dividend expected
FY17 EPS change: from –15 cents in FY16 to –1.5 cents
FY17 DPS change: no dividend expected
Billabong international (BBG)
FY16 EPS change: from 0.6 cents in FY15 to –2.3 cents
FY16 DPS change: no dividend expected
FY17 EPS change: from –2.3 cents in FY16 to 6.2 cents
FY17 DPS change: no dividend expected
Breville (BRG)
FY16 EPS change: +7.9% to 38.7 cents
FY16 DPS change: +6.7% to 28.8 cents
FY17 EPS change: +6.5% to 41.2 cents
FY17 DPS change: +4.9% to 30.2 cents
Capitol Health (CAJ)
FY16 EPS change: –83.9% to 0.4 cents
FY16 DPS change: from 1.3 cents in FY15 to nil
FY17 EPS change: +275% to 1.5 cents
FY17 DPS change: no dividend expected
Carindale Property Trust (CDP)
FY16 EPS change: –48.4% to 41 cents
FY16 DPS change: +122.2% to 40 cents
FY17 EPS change: steady at 41 cents
FY17 DPS change: +7.5% to 43 cents
Cedar Woods Properties (CWP)
FY16 EPS change: +43.8% to 54.8 cents
FY16 DPS change: –34.5% to 28.5 cents
FY17 EPS change: +6.6% to 58.4 cents
FY17 DPS change: +6.3% to 30.3 cents
Costa Group (CGC) – Listed July 2015
FY16 EPS expected: 15 cents
FY16 DPS expected: 9 cents
FY17 EPS change: +20% to 18 cents
FY17 DPS change: +33.3% to 12 cents
ERM Power (EPW)
FY16 EPS change: –67.8% to 8.8 cents
FY16 DPS change: steady at 12 cents
FY17 EPS change: –5.7% to 8.3 cents
FY17 DPS change: –8.3% to 11 cents
Eureka Group (EGH)
FY16 EPS change: –98.4% to 3.5 cents
FY16 DPS change: no dividend expected
FY17 EPS change: +34.3% to 4.7 cents
FY17 DPS change: no dividend expected
Flight Centre Travel (FLT)
FY16 EPS change: –0.5% to 253.3 cents
FY16 DPS change: –1.5% to 149.7 cents
FY17 EPS change: +0.9% to 255.7 cents
FY17 DPS change: +1.2% to 151.5 cents
Horizon Oil (HZN)
FY16 EPS change: from 1.4 cents in FY15 to –1 cent
FY16 DPS change: no dividend expected
FY17 EPS change: from –1 cent in FY16 to nil
FY17 DPS change: no dividend expected
Ingenia Communities Group (INA)
FY16 EPS change: +57.2% to 15.3 cents
FY16 DPS change: +12.3% to 9.1 cents
FY17 EPS change: +2.6% to 15.7 cents
FY17 DPS change: +3.3% to 9.4 cents
Mesoblast (MSB)
FY16 EPS change: from –37.2 cents in FY15 to –28.5 cents
FY16 DPS change: no dividend expected
FY17 EPS change: from –28.5 cents in FY16 to –41.8 cents
FY17 DPS change: no dividend expected
Nine Entertainment Company (NEC)
FY16 EPS change: from –63.3 cents in FY15 to 19.3 cents
FY16 DPS change: +33.7% to 12.3 cents
FY17 EPS change: –24.9% to 14.5 cents
FY17 DPS change: +8.9% to 13.4 cents
Perpetual (PPT)
FY16 EPS change: –0.4% to 272.5 cents
FY16 DPS change: +3.7% to 248.9 cents
FY17 EPS change: +1.6% to 276.9 cents
FY17 DPS change: +1.2% to 251.8 cents
Platinum Asset Management (PTM)
FY16 EPS change: –1% to 36.3 cents
FY16 DPS change: –13% to 32.2 cents
FY17 EPS change: –10.7% to 32.4 cents
FY17 DPS change: –7.5% to 29.8 cents
RCG Corporation (RCG)
FY16 EPS change: +44.3% to 7 cents
FY16 DPS change: +24.4% to 5.6 cents
FY17 EPS change: +37.1% to 9.6 cents
FY17 DPS change: +35.7% to 7.6 cents
Salmat (SLM)
FY16 EPS change: from –61.3 cents in FY15 to 1.6 cents
FY16 DPS change: from 7.5 cents in FY15 to nil
FY17 EPS change: +206.3% to 4.9 cents
FY17 DPS change: from nil in FY16 to 0.9 cents
South32 (S32)
FY16 EPS expected: –13.6 cents
FY16 DPS expected: 0.7 cents
FY17 EPS change: from –13.6 cents in FY16 to 6.7 cents
FY17 DPS change: +271.4% to 2.6 cents
Southern Cross Media (SXL)
FY16 EPS change: from –43.6 cents in FY15 to 10.4 cents
FY16 DPS change: +11.7% to 6.7 cents
FY17 EPS change: +2.9% to 10.7 cents
FY17 DPS change: +4.5% to 7 cents
Specialty Fashion (SFH)
FY16 EPS change: from –2.3 cents in FY15 to 3.1 cents
FY16 DPS change: –25% to 1.5 cents
FY17 EPS change: +83.9% to 5.7 cents
FY17 DPS change: +220% to 4.8 cents
Village Roadshow (VRL)
FY16 EPS change: +19.6% to 32.9 cents
FY16 DPS change: –0.7% to 27.8 cents
FY17 EPS change: +14% to 37.5 cents
FY17 DPS change: +7.6% to 29.9 cents
Watpac (WTP)
FY16 EPS change: –3.4% to 5.9 cents
FY16 DPS change: from 5.5 cents in FY15 to nil
FY17 EPS change: +54.2% to 9.1 cents
FY17 DPS change: no dividend expected
Western Areas (WSA)
FY16 EPS change: from 15.1 cents in FY15 to –8.6 cents
FY16 DPS change: –98.6% to 0.1 cents
FY17 EPS change: from –8.6 cents in FY16 to 4.5 cents
FY17 DPS change: +1500% to 1.6 cents
Woolworths (WOW)
Dividend yield 3.4% FY16 and FY17
FY16 EPS change: –47.6% to 89.5 cents
FY16 DPS change: –41.2% to 81.7 cents
FY17 EPS change: +31.1% to 117.3 cents
FY17 DPS change: +0.4% to 82 cents
Friday 26 August
Asia Pacific Data Centre Group (AJD)
FY16 EPS change: –56% to 10 cents
FY16 DPS change: +4.4% to 9.5 cents
FY17 EPS change: steady at 10 cents
FY17 DPS change: +2.1% to 9.7 cents
Astro Japan Property Group (AJA)
FY16 EPS change: +35.8% to 56 cents
FY16 DPS change: +26.3% to 36 cents
FY17 EPS change: +12.5% to 63 cents
FY17 DPS change: +13.9% to 41 cents
Austal (ASB)
FY16 EPS change: from 14.8 cents in FY15 to –11.8 cents
FY16 DPS change: steady at 4 cents
FY17 EPS change: from –11.8 cents in FY16 to 8.1 cents
FY17 DPS change: –12.5% to 3.5 cents
Cabcharge Australia (CAB)
FY16 EPS change: +9.8% to 42.7 cents
FY16 DPS change: –3% to 19.4 cents
FY17 EPS change: –15.2% to 36.2 cents
FY17 DPS change: –11.3% to 17.2 cents
Corporate Travel Management (CTD)
FY16 EPS change: +57.3% to 44.2 cents
FY16 DPS change: +42.5% to 22.8 cents
FY17 EPS change: +32.4% to 58.5 cents
FY17 DPS change: +37.7% to 31.4 cents
Decmil (DCG)
FY16 EPS change: from 23.9 cents in FY15 to –38.4 cents
FY16 DPS change: –69.2% to 4 cents
FY17 EPS change: from –38.4 cents in FY16 to 6.7 cents
FY17 DPS change: –25% to 3 cents
GBST (GBT)
FY16 EPS change: –6.3% to 21.5 cents
FY16 DPS change: +4.8% to 11 cents
FY17 EPS change: +5.6% to 22.7 cents
FY17 DPS change: steady at 11 cents
Mayne Pharma (MYX)
FY16 EPS change: +323.7% to 5 cents
FY16 DPS change: no dividend expected
FY17 EPS change: +42% to 7.1 cents
FY17 DPS change: no dividend expected
NEXT DC (NXT)
FY16 EPS change: from –11 cents in FY15 to 1.6 cents
FY16 DPS change: no dividend expected
FY17 EPS change: +193.8% to 4.7 cents
FY17 DPS change: no dividend expected
Select Harvests (SHV)
FY16 EPS change: –46.3% to 44.5 cents
FY16 DPS change: –33% to 33.5 cents
FY17 EPS change: +6.3% to 47.3 cents
FY17 DPS change: –9% to 30.5 cents
Seymour Whyte (SWL)
FY16 EPS change: –72.4% to 2.9 cents
FY16 DPS change: –61.3% to 3.1 cents
FY17 EPS change: +258.6% to 10.4 cents
FY17 DPS change: +90.3% to 5.9 cents
Star Entertainment (SGR)
FY16 EPS change: +37.1% to 28.1 cents
FY16 DPS change: +20.9% to 13.3 cents
FY17 EPS change: +15.3% to 32.4 cents
FY17 DPS change: +29.3% to 17.2 cents
Super Retail (SUL)
FY16 EPS change: +22.8% to 50.6 cents
FY16 DPS change: +5% to 42 cents
FY17 EPS change: +28.3% to 64.9 cents
FY17 DPS change: +11.9% to 47 cents
Monday August 29
AUB Group (AUB)
FY16 EPS change: –2.4% to 58.1 cents
FY16 DPS change: +1.5% to 40.3 cents
FY17 EPS change: +4% to 60.4 cents
FY17 DPS change: +1.7% to 41 cents
Ausdrill (ASL)
FY16 EPS change: from –75.1 cents in FY15 to 3.9 cents
FY16 DPS change: –56.7% to 1.3 cents
FY17 EPS change: +53.8% to 6 cents
FY17 DPS change: from 1.3 cents in FY16 to nil
Auswide Bank (ABA)
FY16 EPS change: –1.3% to 35.6 cents
FY16 DPS change: –1.7% to 29.5 cents
FY17 EPS change: +22.5% to 43.6 cents
FY17 DPS change: +15.3% to 34 cents
Beach Energy (BPT)
FY16 EPS change: from –39.6 cents in FY15 to –3.7 cents
FY16 DPS change: –88% to 0.3 cents
FY17 EPS change: from –3.7 cents in FY16 to 5.2 cents
FY17 DPS change: +133.3% to 0.7 cents
Cardno (CDD)
FY16 EPS change: from –88.3 cents in FY15 to 4 cents
FY16 DPS change: from 20 cents in FY15 to nil
FY17 EPS change: +45% to 5.8 cents
FY17 DPS change: no dividend expected
Cromwell Property Group (CMW)
FY16 EPS change: +2.6% to 8.8 cents
FY16 DPS change: +3.1% to 8.1 cents
FY17 EPS change: –3.4% to 8.5 cents
FY17 DPS change: +2.5% to 8.3 cents
Estia Health (EHE)
FY16 EPS change: from –16.3 cents in FY15 to 30.3 cents
FY16 DPS change: +117.6% to 29.6 cents
FY17 EPS change: +15.8% to 35.1 cents
FY17 DPS change: +12.5% to 33.3 cents
Fantastic Holdings (FAN)
FY16 EPS change: +84.2% to 14.2 cents
FY16 DPS change: +31.1% to 11.8 cents
FY17 EPS change: +36.6% to 19.4 cents
FY17 DPS change: +14.4% to 13.5 cents
Galileo Japan Trust (GJT)
FY16 EPS change: +525% to 19.5 cents
FY16 DPS change: +17.4% to 17.5 cents
FY17 EPS change: +17.4% to 22.9 cents
FY17 DPS change: +17.7% to 20.6 cents
Harvey Norman (HVN)
FY16 EPS change: +18.7% to 29.1 cents
FY16 DPS change: +20% to 24 cents
FY17 EPS change: +6.2% to 30.9 cents
FY17 DPS change: +1.7% to 24.4 cents
Helloworld (HLO)
FY16 EPS change: from –45.7 cents in FY15 to 9.4 cents
FY16 DPS change: no dividend expected
FY17 EPS change: +84% to 17.3 cents
FY17 DPS change: no dividend expected
Hotel Property Investments (HPI)
FY16 EPS change: –9.2% to 19 cents
FY16 DPS change: +10.4% to 18 cents
FY17 EPS change: +5.3% to 20 cents
FY17 DPS change: +5.6% to 19 cents
iSelect (ISU)
FY16 EPS change: +38.7% to 4.3 cents
FY16 DPS change: from nil in FY16 to 2.3 cents
FY17 EPS change: +74.4% to 7.5 cents
FY17 DPS change: steady at 2.3 cents
Kingsgate Consolidated (KCN)
FY16 EPS change: from –65.8 cents in FY15 to –19 cents
FY16 DPS change: no dividend expected
FY17 EPS change: from –19 cents in FY16 to 6.1 cents
FY17 DPS change: no dividend expected
Lovisa (LOV)
FY16 EPS change: –6.9% to 16 cents
FY16 DPS change: –4% to 10.3 cents
FY17 EPS change: +11.9% to 17.9 cents
FY17 DPS change: +13.6% to 11.7 cents
Millennium Services Group (MIL) – Listed November 2015
FY16 EPS expected: 8.4 cents
FY16 DPS expected: 1 cent
FY17 EPS change: +108.3% to 17.5 cents
FY17 DPS change: +800% to 9 cents
Monash IVF (MVF)
FY16 EPS change: +30.4% to 12 cents
FY16 DPS change: +15.1% to 8 cents
FY17 EPS change: +12.5% to 13.5 cents
FY17 DPS change: +10% to 8.8 cents
PAS Group (PGR)
FY16 EPS change: from –34.4 cents in FY15 to 7.6 cents
FY16 DPS change: +14% to 5.7 cents
FY17 EPS change: +1.3% to 7.7 cents
FY17 DPS change: +1.8% to 5.8 cents
Peet & Co (PPC)
FY16 EPS change: +10.4% to 8.5 cents
FY16 DPS change: steady at 4.5 cents
FY17 EPS change: +5.9% to 9 cents
FY17 DPS change: +11.1% to 5 cents
Regis Healthcare (REG)
FY16 EPS change: –23% to 16.3 cents
FY16 DPS change: +5.7% to 18.6 cents
FY17 EPS change: +29.4% to 21.1 cents
FY17 DPS change: +10.8% to 20.6 cents
Reliance Worldwide (RWC) – Listed April 2016
FY16 EPS expected: 9.8 cents
FY16 DPS change: 0.7 cents
FY17 EPS change: +22.4% to 12 cents
FY17 DPS change: +757% to 6 cents
Retail Food Group (RFG)
FY16 EPS change: +75.1% to 38.7 cents
FY16 DPS change: +17.8% to 27.4 cents
FY17 EPS change: +9.3% to 42.3 cents
FY17 DPS change: +3.3% to 28.3 cents
Saracen Mineral (SAR)
FY16 EPS change: +1662% to 3.7 cents
FY16 DPS change: no dividend expected
FY17 EPS change: +189.2% to 10.7 cents
FY17 DPS change: from nil in FY16 to 1 cent
Vocus Communications (VOC)
FY16 EPS change: +53.3% to 29.6 cents
FY16 DPS change: +503% to 19.3 cents
FY17 EPS change: +52% to 45 cents
FY17 DPS change: +17.1% to 22.6 cents
Yowie Group (YOW)
FY16 EPS change: from –2.6 cents in FY15 to –3.6 cents
FY16 DPS change: no dividend expected
FY17 EPS change: from –3.6 cents in FY16 to 0.1 cents
FY17 DPS change: no dividend expected
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