10 Stocks - Earnings results due for the week - DMP, COH, CGF, CSL, SEK, IAG, QBE, TLS, KGN and WES

  • Aug 13, 2018 AEST
  • Team Kalkine
10 Stocks - Earnings results due for the week - DMP, COH, CGF, CSL, SEK, IAG, QBE, TLS, KGN and WES

Domino's Pizza Enterprises Limited (ASX: DMP) - It has been predicted that the ASX listed has been hit with bad news as the stock went into reverse due to the weaker than anticipated international sales. Domino’s chief, Don Meij drew people’s attention via a video and announced that the company will make somewhat between $260 - $270 million of EBITDA. Domino’s stock last traded at a current market price of $52.420 with a daily price change of $0.920 points or 1.786% and has seen a performance change of -0.73% over the past 12 months. It will be crucial to watch the upcoming earnings result.

Cochlear Limited (ASX: COH) - The company continues to expect FY18 net profit in the range of $240-250m. The company expects the full year net impact of the change in US tax legislation to reduce the net profit by $3-4 million. For FY 18, the company is targeting dividend payout ratio of approximately 70% of net profit. COH stock has risen 37.94% in last twelve months as at August 13, 2018 and traded at a current market price of $198.780.

Challenger Limited (ASX: CGF) - The company recently recorded an annuity sale at a CAGR of 22% during 1HFY10- 1HFY18. The company has a Long-term track record of achieving 18% target and remains committed to 18% ROE target. Normalized NPBT growth guidance of 8% to 12%, up to $545 million to $565 million has been given for FY18. The Challenger stock traded at a current market price of $12.45 with a daily price change of $0.040 points or 0.322% and has seen a performance change of -6.27% over the past 12 months.

CSL Limited (ASX: CSL)  - The net profit after tax for FY18 has been slated to be in between $1,680 to $1,710 million USD at constant currency which was lifted from the earlier guidance of approximately $1,550 to $1,600 million USD at constant currency. The stock traded at a current market price of $202.300 and has seen a daily price change of -0.330 or a percentage change of -0.163%. It is trading near its 52-week high. The stock has undergone a performance change of 58.58% over the past 12 months.

SEEK Limited (ASX: SEK) - The company’s prior guidance for NPAT was to be in between A$ 225 million to A$230 million, which the company has revised, and the latest guidance is NPAT of cA$230 million. The revenue growth is to be in the range of 16 to 20% while EBITDA growth is in the range of 5% to 8%. The group has identified to recognize net impact of three key significant items of $142 million. SEK stock has risen 14.89% in last twelve months as at August 10, 2018 and traded at a current market price of $20.140.

Insurance Australia Group Limited (ASX: IAG) - For IAG’s operations in Thailand and Indonesia, the company has entered into a sale agreement with Tokio Marine & Nichido Fire Insurance Co., Ltd for the sale price is approximately $525 million. Also, IAG has reached an agreement to sell its 73.07% interest in AAA Assurance Corporation, based in Vietnam. IAG stock has risen 21.53% in last twelve months as at August 13, 2018 and traded at a current market price of $8.31.

QBE Insurance Group Limited (ASX: QBE) - For a total consideration of up to $25 million, QBE has announced the sale of QBE’s travel insurance business. It has recently acquired Insurance Box in 100% after having a stake of 44% when it first held in 2013. QBE expects to achieve the combined operating ratio (COR) in the range of 95.0 per cent - 97.5 per cent in FY18 and investment return in the range of 2.5 per cent to 3.0 per cent given the various initiatives undertaken by the group. The stock was trading at a market price of $10.240 with a daily price change of -$0.040 or a percentage change of -0.389% as at market close on August 13, 2018.

Telstra Corporation Limited (ASX: TLS) - The telecom player has been facing challenges relating to lower margins on fixed line internet services, and thus the group has come up with Telstra 2022 strategy that is expected to address the headwinds. The group also lately confirmed that there is no change to its capital management framework and expects its Capex to sales ratio in the range of 16-18% in FY19. The company expects total income of $26.6 to $28.5 billion. In FY19, total market mobile and fixed revenue will decline 2 to 3 per cent on FY18. The stock was trading at a market price of $2.84 and has seen a performance change of -30.87% over the past 12 months.

Kogan.com Limited (ASX: KGN) - After the profit forecasts that were missed and a slowdown in sales growth was indicated, shares in kogan.com fell to seven-month low. As new products and services attracted more customers to its sight, the group earlier expected EBITDA to rise more than 90 percent in 2018 helping to boost revenues by more than 40 percent. The group will release the result on August 17, 2018. The stock was trading at a market price of $5.960 (up 6.8% on August 13, 2018) and has seen a performance change of 148.00% over the past 12 months.

Wesfarmers Limited (ASX: WES) - For $350 million, the company recently announced it has agreed to sell its Kmart Tyre and Auto Service business to Continental AG. It will report a pre-tax profit on sale of approximately $270 million to $275 million, on successful completion of the transaction. For another $860 million, Wesfarmers had announced it has agreed to sell its 40 per cent interest in the Bengalla Joint Venture to its joint venture partner New Hope Corporation. The stock was trading at a market price of $50.290 and has seen a performance change of 23.84% over the past 12 months.

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