TLS, SCG, REA, and RMD: How are these ASX50 stocks performing?

Highlights:

• Benchmark S&P/ASX 200 closed 1.21% down to 6,961.80 points on Tuesday (23 August 2022).
• Nine out of eleven sectors closed in red, Consumer Staples sector being the worst performing.
• Energy sector registered a gain of 1.30%.

The Australian benchmark index, S&P/ASX 200 buzzed in the red zone on Tuesday (23 August 2022). It closed 1.21% down at 6,961.80 points, crossing below its 20-day moving average. All ordinaries index closed 1.21% down while the S&P/ASX 200 VIX (INDXASX:XVI) closed 6.61% up. 

Sectors were mixed today. Nine out of eleven significant sectors were lower. Energy was the best performing sector with a gain of 1.30%, and the Consumer Staples sector was the worst performing sector with a fall of 3.80%.

The earnings season is on and keeping track of the financial performance of ASX-listed firms has become a cumbersome task. In this article, the financial performance and share performance of some top 50 ASX stocks - Telstra Corporation Limited, Scentre Group, REA Group and ResMed Inc are discussed. 

Telstra Corporation Limited (ASX:TLS)

Australian technology and telecommunications company Telstra offers retail mobile services, retail fixed bundles, standalone data services and retail fixed standalone voice services. The company provides not only digital connections but also provides digital content across 20 countries.

On 11 August 2022, Telstra shared its full-year results for the financial year 2022. The telecom company announced a surge in its final dividend despite reporting a fall in its profit and total income.

Telstra said that it has been increasing its dividend for the first time in the past seven years. Reportedly, the company increased its distribution because of the successful completion of the company's corporate strategy – Telstra2022.

Now with the T22 in place, Telstra is confident to handle the situation of uncertainty. Uncertainty like Covid-19 and other social, political and economic changes that had affected the FY22 results. 

During the year, the total income declined by 4.7%, EBITDA by 5%, NPAT by 4.6% and EPS by 7.7%.

Image source: © Raulbaldean | Megapixl.com

The shares of Telstra closed 0.48% down on the ASX with a market capitalisation of AU$47.95 billion. Telstra shares have appreciated by 5.09% in a year, recording a rise of 4.56% in the last six months alone. The 52-week range is AU$3.615 to AU$4.310.

Scentre Group (ASX:SCG)

Australia real estate company, Scentre operates and owns a platform of 42 Westfield Living Centres across New Zealand and Australia. As per the company's official website, the value of retail assets under management is AU$50.9 billion.

Today (23 August 2022), the company has shared its half-yearly results for the period ending on 30 June 2022. The property management firm delivered an operating profit of AU$540.5 million, up 17.5% over the previous year. The funds from operations (FFO) grew by 18.3% to AU$548.6 million. The operating cash flow improved by 16.9% in a year.

Through ASX's announcement, the company shared that it would distribute AU$388.8 million for the six-month period. The shareholders can expect to receive the dividend payment on 31 August 2022.

For the full year 2022, the company expects to deliver 14.2% growth in FFO, and the expected distribution is at least 15 cents per share, a growth of 5.3%.

Scentre share price closed 2.16% up at AU$2.84 apiece with a market cap of AU$14.42 billion. On a yearly basis, the share price grew by 4.41%, and on a year-to-date basis, it dropped by 12.62%. The 52-week range is AU$2.420 – AU$3.300.

REA Group Ltd (ASX:REA)

ASX-listed media and entertainment company, REA Group is a place to find company reports, housing market analyses, and the latest news. The company operates across North America, Asia and Australia.

In the financial year 2022, the company delivered revenue of AU$1,170 million, up by 26% from the previous year. EBITDA increased by 19% to AU$674 million in FY22, and net profit surged by 25%.

The highlight of the REA's financial result is that the full-year dividend grew by 25% to 164 cents per share. The dividend is fully franked. The ex-dividend date is 25 August, and the payment date is 15 September 2022.

Image source: © Kiosea39 | Megapixl.com

The share price of REA closed 2.70% lower on the ASX at AU$216.78 per share with a market cap of AU$17.21 billion. In 12 months, the share price dropped by nearly 18%, and the year-to-date fall was 26.02%. The 52-week range is AU$93.770 to AU$180.670.

ResMed Inc (ASX:RMD)

Medical device manufacturer, ResMed helps in transforming the care of people with chronic diseases, COPD and sleep apnea. The company offers an out-of-hospital software platform that assists caregivers and professionals who help people in living a healthy life in their home or in a care setting.

Recently, the company shared its financial results for 2022. It seems like that Covid-19 driven pandemic had impacted the business but in a positive manner. During the last quarter of FY22, the company annualised AU$20 million in Covid-related ventilator sales.

During the year, the revenue grew by 12% to AU$3.6 billion, and income from operations surged by 11%.

For the final quarter, the company announced a dividend of AU$0.44 per share, an increase of 5% in a year.

The share price of ResMed closed 2.69% down today at AU$32.19 per share with the market cap of AU$49.52 billion. In one year, the share price fell by 16% and on a year-to-date basis, it dropped by 9.04%. The 52-week range is AU$27.370 to AU$40.790.