The S&P/ASX 300 Index (ASX: XKO) is continuing to rebound today, after spending all of last week in the red.

At the time of writing, the ASX 300 is up 0.40% to 7, 518 points. This means that the index is 1.5% off from reaching its all-time high of 7,625 points.

Let’s take a look at which ASX companies are leading the charge today.

Nanosonics Ltd (ASX: NAN)

The Nanosonics share price is rocketing 22.24% to $7.20 after the infection prevention company released its full-year results.

Nanosonics delivered a solid performance for the backend of the 2021 financial year, citing improved trading conditions. Most notably, the global installed base along with ultrasound procedure volumes trended back towards pre-pandemic levels.

Furthermore, the company is forecasting double-digit growth should positive market trends continue.

The result was clearly better than what investors had expected the company to report, sending its shares to a 6-month high.

Event Hospitality and Entertainment Ltd (ASX: EVT)

Another big mover on the ASX 300 is the Event share price, up 9.70% to a 52-week high of $14.53.

While the entertainment company reported its full-year results yesterday, it appears investors are looking past its disappointing numbers.

Event highlighted that while current COVID-19 lockdowns continue to hamper the business, it has seen a strong return to cinemas. Customers are spending more than before the pandemic began when quality films are showing.

In light of this, when vaccine numbers increase and Australia moves to post-COVID-19, future performance could stage a strong comeback.

Uniti Group Ltd (ASX: UWL)

The Uniti share price is accelerating 9.67% to a record high of $4.31 today following the telecommunications provider’s full-year results.

Uniti reached its highest revenue ever in the company’s history, attaining $159.9 million, up 175% on the prior corresponding period. The outstanding achievement came from several acquisitions and an increased number of secured premises.

The company’s national digital infrastructure footprint now spans across 1,199 sites in Australia.

Monadelphous Group Ltd (ASX: MND)

The worst performer on the ASX 300 today is the Monadelphous share price, down 14.50% to $10.08. This comes after the engineering company provided investors with its FY21 full-year results today.

While the performance of the 2021 financial year was positive, Monadelphous noted that FY22 would be challenging. Management revealed COVID-19 impacts and skills labour shortage could hamper the company’s operations.

Kogan.com Ltd (ASX: KGN)

Lastly, Kogan shares also crashed on Tuesday, declining 13.75% to $11.325. The e-commerce company also released its full-year results for the 2021 financial year.

Kogan stated that while revenue jumped by 56.8% to $780.7 million, its net profit after tax fell by 86.8% to $3.5 million. The business attributed the severe loss to inventory management issues, such as overstocking which led to increased storage costs.

Furthermore, the company refrained from paying a final dividend to shareholders, instead opting to conserve cash.

The post Which ASX 300 shares are the biggest winners and losers on Tuesday? appeared first on The Motley Fool Australia.

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• Kogan (ASX:KGN) dividend scrapped, share price plummets
• ASX 200 midday update: Kogan crashes, Nanosonics rockets
• Uniti Group (ASX:UWL) share price soars on record revenue in FY21
• FY 2021 results: Monadelphous (ASX:MND) share price crashes 14% on subdued outlook

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Kogan.com ltd and Nanosonics Limited. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd and Nanosonics Limited. The Motley Fool Australia has recommended Uniti Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Ansell Limited (ASX: ANN) share price is down around 10% at the time of writing. That’s despite the glove-making business revealing an enormous increase to its dividend with its FY21 payout.

How big is the FY21 dividend?

In US dollar terms, Ansell announced that it was increasing its annual dividend per share from 50 cents to 76.8 cents. In percentage terms, this means that Ansell is increasing its annual dividend by 53.6% for shareholders.

The final dividend payment is 43.6 cents per share, which was not far off the entire FY20 dividend payment.

Ansell said that the annual payout represents a dividend payout ratio of 40%.

Why is the Ansell share price falling?

You’d have to ask the buyers and sellers of Ansell shares today why they transacted at the prices they did for the true reason.

But Ansell did include some comments about its FY22 outlook along with its FY21 result (which showed a sizeable rise in profit).

The company explained that it has a diversified portfolio with products supplying a variety of customers in different countries. Ansell expects continued demand for mechanical, surgical, life sciences and internally manufactured single use gloves. However, management warned that lower demand is expected in areas which have benefited the most from COVID-19 demand, such as chemical body protection and undifferentiated exam/single use gloves.

Ansell believes that pricing is expected to feature throughout FY22, positively and negatively.

The company believes that from a supply perspective, recent capacity investments should support sustained demand. However, Ansell admitted that increased COVID-19 cases in South East Asia in the recent months may disrupt supply because a number of Ansell’s factories and suppliers in the region have had short-term closures or reduced operations. It may impact sales during the first half of FY22.

Increased costs may also be a factor – higher freight costs and shipping delays are expected to persist throughout FY22.

Including accounting changes relating to software amortisation, and larger investments in software, Ansell is expecting FY22 earnings per share (EPS) to be between 175 cents to 195 cents. That compares to FY21 EPS of 192.2 cents (which was an increase of 59.9%).

The Ansell share price is still up in 2021

Despite the setback today, the Ansell share price is up 3.6%. The Ansell dividend was driven higher because the company did make much higher profit over the financial year. This was reported in the FY21 result. Sales grew 25.6%, earnings before interest and tax (EBIT) went up 56% and net profit rose 57.5% to US$246.7 million.

The post Ansell (ASX:ANN) share price plunges 10% despite dividend boost appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ansell Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Bank of Queensland Limited (ASX: BOQ) share price has been an impressive performer in 2021.

Since the start of the year, the regional bank’s shares have risen 22%.

This is almost double the return of the S&P/ASX 200 Index (ASX: XJO) over the same period.

Why is the Bank of Queensland share price charging higher this year?

Investors have been bidding the Bank of Queensland share price higher this year thanks to its return to form in FY 2021 and the acquisition of ME Bank for $1.3 billion.

In respect to the former, during the first half of FY 2021, the company reported a 9% increase in cash earnings to $165 million and a 66% lift in statutory net profit after tax to $154 million.

This ultimately underpinned a sizeable 54% increase in the Bank of Queensland interim dividend to 17 cents per share, fully franked.

Is it too late to invest?

The good news is that the team at Credit Suisse still see a lot of value in the Bank of Queensland share price. They are also expecting the Bank of Queensland dividend to provide investors with an attractive yield in FY 2021.

According to the note, the broker has an outperform rating and $11.50 price target on the company’s shares.

Based on the latest Bank of Queensland share price of $9.18, this implies potential upside of 25% over the next 12 months before dividends.

What about the Bank of Queensland dividend?

If you include the forecast Bank of Queensland dividend, this potential return becomes even more attractive.

Credit Suisse is expecting a fully franked final dividend of 22 cents per share. This will bring its full year dividend to 40 cents per share. Based on this forecast and its current share price, its shares will provide investors with a fully franked 4.4% yield.

But it doesn’t stop there. Positively, another increase to 42 cents per share is being forecast by Credit Suisse in FY 2022.

All in all, this could make the Bank of Queensland dividend a top option for income investors right now.

The post The Bank of Queensland (ASX:BOQ) share price is now trading on a forecast 4.4% fully franked dividend yield appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Motley Fool Australia Chief Investment Officer Scott Phillips joined Sky News First Edition on Tuesday morning to discuss the falling iron ore price, and its impact for shareholders, the government and the Australian dollar. Plus, could the Qantas Airways Limited (ASX: QAN) advertising campaign encourage hold-outs to line up for a COVID injection?

The post Iron ore price plunge hurting most, but helping exporters. Plus, optimism the ticket to boost vaccinations. Scott Phillips on Sky News First Edition appeared first on The Motley Fool Australia.

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Motley Fool contributor Scott Phillips has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Medibank Private Ltd (ASX: MPL) share price will be one to watch this reporting season.

With conditions improving in the sector, investors will be keen to see how the private health insurer performed this financial year.

Let’s take a look at how the Medibank share price responded last reporting season.

Here’s how the Medibank share price responded last year

The Medibank share price swung wildly after the company released its full-year results for FY20.

Investors were initially undecided on how to interpret them.

Shares in the private insurance behemoth slumped more than 2% in early trade.

Then, a wave of buying later in the day saw the Medibank share price finish more than 2% higher for the day.

For FY20, the private health insurer noted severe disruptions from the COVID-19 pandemic.

Highlights from Medibank’s FY20 financial report included;

• Total revenue from ordinary activities of $6.785 billion, down 6% from prior corresponding period (pcp) FY19’s $7.219 billion.
• Premium revenues of $6.546 billion, up 1.3% to pcp
• 3.2% increase in insurance claims on pcp
• Net profit after tax (NPAT) of $315.6 million, a 31.3% on pcp

For the full year, Medibank also announced a final, fully franked dividend of 6.3 cents per share.

The outlook for Medibank

The new year has been much kinder to the Medibank share price.

Shares in the private insurer have soared more than 18% since the start of the year, currently nudging 52-week highs.

There have been several catalysts helping fuel the company’s share price.

The initial trigger can be traced back to February after Medibank announced an increased interest in MyHealth Medical Group.

According to Medibank’s management, the investment will help the company strengthen its focus on preventative health.

A strong half-year report also helped the Medibank share price.

For the 6 months ended 31 December 2020, the private health insurer recorded a 27.3% increase in net profits after tax of $226.4 million on pcp.

Medibank also cited an increase in premiums with a drop in net claims expenses for the half year.

In addition, the company also announced a 5.8 cent, fully franked dividend.

Investors will be keeping a keen eye on Medibank’s shares tomorrow as the company releases its full-year results for FY21.

The post How did the Medibank (ASX:MPL) share price respond last earnings season? appeared first on The Motley Fool Australia.

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Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The 1300 Smiles Limited (ASX: ONT) share price is sparkling in afternoon trade after the company released its FY21 full-year results and announced a takeover proposal.

Tuesday has shaped up to be an eventful day for 1300 Smiles shareholders. After months of sideways trading, the dental facility owner and operator’s shares have sprung to life today, up 13.96% to $8.0.

1300 Smiles share price shines on recovery result

Highlights of the full-year results include:

• Over-the-counter revenue increased 15% to $65.8 million
• Statutory revenue up 10% on the prior year to $44.9 million
• Underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $15.2 million, up 31%
• Net profit after tax increased 35% on the prior corresponding period to $9.6 million.
• Takeover offer received from Abano Healthcare for 84% of 1300Smiles at $8.00 per share cash consideration

What happened in FY21 for 1300 Smiles

The 1300 Smiles share price is ripping ahead this afternoon after reporting a robust performance for FY21. However, it is likely a fair chunk of the price movement is attributable to the proposed majority acquisition by Abano Healthcare.

Firstly, let’s cover the dental operator’s full-year results. According to the release, the reporting period was one of recovery from the impacts of COVID-19. Despite ongoing disruptions and some restrictions, the company achieved a solid 10% increase in statutory revenue for the year.

As a like-for-like sales comparison, of the 26 dental practices in operation throughout all of FY19 and FY20, sales increased 8% from FY19 to FY21.

Since the end of the financial reporting period, 1300 Smiles has gone on to settle the acquisition of a multi-surgery dental practice in Chinchilla in Queensland. Similarly, another larger practice in Bundaberg is in its acquisition sights — being the company’s fourth.

In regards to the acquisition bid for 1300 Smiles, the company has entered into a scheme implementation agreement with Abano Bidco (a member of the Abano Healthcare Group). This agreement entails Abano acquiring 84% of 1300 Smiles.

Furthermore, the conditions stipulate a total cash consideration of $8.00 for non-founder shareholders. Meanwhile, founder shareholders will receive $6.33 per share — 81 cents of which will be contingent on certain conditions.

The company also declared a special fully franked dividend of up to 80 cents per share. According to the release, the board reserves the right to increase this to $1.10 per share.

What did management say?

Commenting on the proposal which may be impacting the 1300 Smiles share price, managing director Daryl Holmes said:

1300 Smiles is a company we have built from the ground up over many years. Abano Healthcare is a highly complementary partner for our business with a strong Australian footprint of 106 practices, largely via the Maven brand, to which 1300 Smiles high-quality portfolio of 33 practices will be added.

The future for 1300 Smiles is bright and as part of the Abano Healthcare group is well-positioned to continue the proud legacy of high-quality dental care we have provided to Australian communities for over 30 years.

Additionally, regarding the company’s FY21 result, Mr Holmes said:

This year, the business has continued to manage the challenges facing all of us from COVID-19. The business has been resilient with its staff and dentists needing to manage short-term movement restrictions and the disruptions that this provides for availability, patient bookings and the need for re-bookings.

What’s next for 1300 Smiles?

Unfortunately for shareholders, no guidance was provided with today’s results. This might be due to the company intending on being acquired by a private company.

1300Smiles investors can expect to receive a scheme booklet relating to the proposed acquisition. Upon receipt, shareholders will have the opportunity to vote on the scheme. If approved, the scheme will be implemented shortly thereafter.

Finally, any acquisition remains subject to court and foreign investment approvals.

1300 Smiles share price snapshot

Prior to today’s move, the performance of the 1300 Smiles share price had been underwhelming. Before today, the company’s shares had delivered a disappointing 8% return in the past 12 months.

While an 8% return in a year may not seem too bad, the S&P/ASX 200 Index (ASX: XJO) has returned 22% in the same period.

The post 1300 Smiles Ltd (ASX:ONT) share price leaps 14% on takeover proposal appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended 1300SMILES Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine’s Late News on Monday night to discuss a big day of earnings, with NIB Holdings Limited (ASX: NHF), Ampol Ltd (ASX: ALD) and Domino’s Pizza Enterprises Ltd (ASX: DMP) in focus.

The post NIB and Ampol share prices fall, new record for Domino’s. Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia.

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Motley Fool contributor Scott Phillips has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and NIB Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is starting this Tuesday off on the front foot. At the time of writing, the ASX 200 is up a healthy 0.4% to 7,519 points. The sector contributing the most to today’s gains is currently ASX energy shares.

As it currently stands, the S&P/ASX 200 Energy Index (ASX: XEJ) is the top-performing sector of the entire ASX 200. It’s currently up 2.48% to 7,504 points. Of the nine ASX enegy shares that make up this index, only one is currently in the red today. That would be Whitehaven Coal Ltd (ASX: WHC).

Other than Whitehaven, we are seeing some very strong moves here. At the top of the pile is Woodside Petroleum Limited (ASX: WPL). Woodside shares are currently up a very healthy 3.15% to $20.30 a share. Close on Woodside’s heels are Beach Energy Ltd (ASX: BPT) and Ampol Ltd (ASX: ALD) and Santos Ltd (ASX: STO). These ASX 200 energy shares are up 2.84%, 2.82% and 2.52% respectively. Oil Search Ltd (ASX: OSH), which reported its FY21 earnings this morning, is up 1.62% to $3.76 a share.

So why are ASX 200 energy shares outperforming today?

Well, we don’t have to look too far.

ASX 200 energy shares rise on the back of higher oil prices

A sector-wise rise (or fall) in the commodity space tends to be caused by one thing – a change in commodity prices. And we have seen this price of crude oil rally strongly over the past 24 hours.

As my Fool colleague James gazetted this morning, West Texas Intermediate (WTI) crude oil prices rose by almost 6% overnight (our time) to back over US$65 a barrel. Brent crude was also up to back over US$69 a barrel. Some good news from China in regards to its COVID oubreak, as well as a drop in the strength of the US dollar, were cited as factors here.

It’s this strength in the oil markets that are likely buoying ASX energy shares today. And this seems to have flowed through (no pun intended) to the entire ASX 200 Index this Tuesday.

The post Energy sector leading the ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The GR Engineering Services Ltd (ASX: GNG) share price is soaring on Tuesday as the company reported its FY21 results.

The GR Engineering share price is now trading at $1.64, a 12.71% jump into the green.

Let’s uncover how GR performed this year.

GR Engineering share price lifts on record revenue and strong earnings

The company outlined a number of investment highlights in its report, including:

• Record revenue in FY21 of $392.4 million, also a 76.4% year-on-year growth schedule
• All-time record EBITDA of $37.2 million, up from $11.3 million the year prior
• Strong operational cash flows with cash at bank of $69 million – an 84% year-on-year increase
• Profit before income tax (PBIT) of $33.7 million, from a loss of $9.7 million
• Net profit after tax (NPAT) of $14.9 million, up from a loss of $4.7 million a year ago
• Final dividend of 7 cents per share, fully franked.

What happened in FY21 for GR Engineering?

The company outlined several progress points that could potentially impact the GR Engineering share price.

The most notable takeout from GR’s FY21 earnings is that it recognised record revenue of $392.4 million, which also signifies a 76% year-on-year growth.

Moreover, the company also achieved its record EBITDA this year of $37.2 million, a 292% increase.

In addition, GR reversed the loss it posted in NPAT and PBIT last year, growing both figures to around $15 million and $34 million respectively.

Moreover, the company also detailed several project completions in FY21, such as the Thunderbox past plant project and the Lake Way Potash project.

As well, the company announced a final dividend of 7 cents per share, fully franked, up from 5 cents per share in April 2021 and 4 cents per share in October 2020. Thus, shareholders will enjoy total dividends of 12 cents per share for FY21.

As such, the company recorded earnings per share (EPS) of 14.9 cents per share, well up from a loss of 4.7 cents per share in FY20.

GR Engineering consequently left the year with a net operating cash flow of $49.5 million, up from $11.2 million the year prior.

What did management say?

GR Engineering managing director Geoff Jones said:

GR Engineering achieved multiple project completions in FY21 that were on time and on budget. The safe and successful delivery of these projects reinforces GR Engineering’s reputation as a proven process engineering design and construction contractor.

Looking forward, Jones added:

Based on GR Engineering’s strong order book and balance sheet, the business is well placed to continue to deliver returns to its shareholders through FY22 and FY23.

What’s next for GR Engineering?

According to the company, GR has a “strong order book” that is concentrated in Australian projects.

Moreover, it has been “building its pipeline for both FY22 and FY23” and forecasts FY22 revenue in the range of $440 – $460 million.

In addition, GR’s order book contains five works that “will continue into FY22”, with an additional five work opportunities in the pipeline.

The GR Engineering share price has posted a year to date return of 32%, outpacing the S&P/ASX 200 Index (ASX: XJO)’s return of about 14% this year.

The post GR Engineering (ASX:GNG) share price lifts 12% on record FY21 revenue appeared first on The Motley Fool Australia.

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The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Oil Search Ltd (ASX: OSH) dividend received a much-welcomed return today, after being suspended in the prior corresponding year. This came after the energy producer announced a strong first-half result for the 2021 financial year.

Undoubtedly, investors will be glad that the company has reinstated its dividend following a challenging time in its history.

Let’s take a peek at Oil Search’s first-half scorecard and the details regarding its upcoming interim dividend.

How did Oil Search preform in the first-half of FY21?

The Oil Search share price has rallied on the back of solid operational performance and strengthened market conditions.

For the 12 months ending 30 June 2021, Oil Search achieved US$667.7 million in revenue, up 7% on H1 FY20. The sound result benefited from a price recovery in oil and liquified natural gas (LNG) predominately in Asia. Higher realised prices coupled with management’s focus on reducing costs led to a significant improvement in the company’s financial health.

Furthermore, earnings before interest, tax, depreciation and amortisation and exploration (EBITDAX) also rose to US$489 million, reflecting an 8% increase.

On the bottom line, Oil Search posted a Net Profit After Tax (NPAT) of US$139 million. A stark contrast when comparing the company’s sizable US$266.2 million loss in the first-half of FY20.

In light of the robust performance, the Oil Search board decided to bump up its interim dividend to US3.3 cents per share.

Based on the current Oil Search share price of $3.76 apiece, this gives the company a trailing dividend yield of just over 1.21%. The payout ratio is 49% of H1 FY21’s NPAT.

Oil Search dividend key dates

Oil Search released the distribution amount and payment dates of its unfranked interim dividend for the 2021 financial year. Here’s a summary of the important dates Oil Search shareholders will need to know.

Ex-dividend date

The ex-dividend date will be 31 August 2021.

The ex-dividend date is when investors must have purchased Oil Search shares. If the investor does not buy Oil Search shares before this date, the dividend will go to the seller.

Record date

The record date for the Oil Search dividend is 1 September 2021.

This is the date where the company identifies which investors are on its register. Those who are on Oil Search’s books will be eligible to receive its upcoming dividend.

Payment date

The payment date for Oil Search’s final dividend will be 21 September 2021.

The post Oil Search (ASX:OSH) dividend reinstated following strong first-half results appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned.

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