5 Exciting Blue-Chip NZX Stocks With Solid Earnings

Blue-chip stocks are stocks of companies that are popular, well established, large, and have been operating for decades. Most of these stocks also have a track record of paying good dividends, though paying dividend is not a pre-condition for a stock to be blue-chip.

Source: Copyright © 2021 Kalkine Media Pty Ltd

Even if they aren't always among the most popular companies, blue-chip stocks seek to make money for shareholders over a long term. Investors are attracted to invest in a business that has been stable for decades and has dependable financials.

Let’s have a look at 5 exciting blue-chip NZX stocks with robust earnings.

Fonterra Co-operative Group Limited (NZX:FCG)

Fonterra has offered to permit its farmers to purchase the listed Fonterra Shareholders’ Fund. The Company noted that the capital structure review was required to be prepared for falling or flat milk supply in New Zealand because of factors like climate change, regulatory modifications, and alternative land use.

ALSO READ: 5 Most Discussed NZX Penny Stocks To Buy Prior To New Zealand’s Budget 2021

Fonterra’s shares went into a trading halt until the capital structure review announcement. Trading resumed on Friday.

On 10 May, FBU ended the trading session at $3.46, down 12.41%, from its previous close.

Fisher & Paykel Healthcare Corporation Limited (NZX:FPH, ASX:FPH)

Fisher and Paykel witnessed a strong 2020 due to heightened demand for its respiratory and hospital hardware amid COVID-19 pandemic. The Group’s operating revenue rose 73% for the 9 months ended 31 December 2020 compared to pcp with 446% growth in hospital hardware group and 54% growth in hospital consumables.

Image Source: Copyright © 2021 Kalkine Media Pty Ltd

On 16 December 2020, it paid its last interim dividend of 16cps, up by 33% on pcp.

DO READ: A Peek At 5 Hot Dividend Stocks To Explore This Reporting Season - ZEL, PFI, BIT, SCL, KMD

On 10 May, FPH ended the trading session at $33.9, up 0.3% from its previous close.

Meridian Energy Limited (NZX:MEL, ASX:MEZ)

Meridian’s operating report for March quarter of 2021 showed that the inflows in Q3 were 70% of the historical average and 31% lower than pcp. However, the Group reported a 19% rise in its net profit for H1 ended 31 December 2021. Its customer numbers have grown over 0.5 million across NZ and Australia since June 2020.

The company unveiled an LTI scheme on May 3, which will aid in the retention and attraction of key workers. That would also assist with taking into account the rights of the Company's shareholders.

On 10 May, MEL ended the trading session at $5.32, down 0.19% from its previous close.

Fletcher Building limited (NZX:FBU, ASX:FBU)

Fletcher Building reported strong results for HY21, showing good progress in its strategy for consistent growth and performance. The Group posted a revenue of $3.9 billion and an NPAT of $121 million for the first half of FY21, up by 1% and 48% in HY20.

GOOD READ: REIT Stocks To Be Considered In May 2021 - APL, PCT, PFI, SPG, IPL

The Group also paid an interim dividend of 12cps on 24 March 2021. It expects Group EBIT to be in the range of $610 to $660 million in FY21.

On 10 May, FBU ended the trading session at $7.45, up 0.95% from its previous close.

EBOS Group Limited (NZX:EBO, ASX:EBO)

EBOS Group posted a record profit for H1 of FY21. It reported underlying NPAT of $94.3 million and revenue of $4.7 billion, up by 14.2% and 6.3%, respectively. The company’s healthcare and animal care segments logged in very strong growth and added to the overall result.

The Group also permanently hired its current acting CFO Leonard Hansen. On the other hand, it declared resignation of Sean Duggan as the CEO of its Animal Care and Consumer Brands businesses.

ALSO READ: 6 NZX Stocks That Grabbed investors’ Attention Today

The Group also paid an interim dividend of 42.5cps on 18 March 2021, up by 13.3% on pcp.

On 10 May, EBO ended the trading session at $31, up 1.27% from its previous close.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)

The website https://kalkinemedia.com/nz is a service of Kalkine Media New Zealand Limited (Kalkine Media), Company Number: 8107196. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.



Rated 4.3/5 based on 904 Reviews at Google My Business
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK