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In the first week of August 2022, the Suncorp Group Ltd (ASX: SUN) share price actually went up by 4%. But, since then, Suncorp shares have fallen by 6.7% at the time of writing. It’s down 3% for the month.

It has been a much more consistent performance by the S&P/ASX 200 Index (ASX: XJO). Before today’s trading, the ASX 200 had risen by 0.8%.

What happened after the first week in August?

Suncorp reported its result for the 12 months to 30 June 2022. The half-year and full-year results are one of the few times in the year that investors get to react to the actual performance of the business and commentary about the outlook, rather than guessing how things are going (or going to go) for the business.

FY22 earnings recap

The insurance company reported that the gross written premium (excluding emergency services levies and portfolio exits) of the Australian insurance business rose 9.2%.

Suncorp New Zealand saw the gross written premium jump by 14.1%.

The banking division of Suncorp experienced 9% home lending growth.

Despite that reported growth, the insurance giant told investors that its group net profit after tax (NPAT) sank 34.1% to $681 million because of volatile investment markets and elevated natural hazard costs.

Why is an insurance business affected by investment markets? When insurance companies receive an insurance premium, they usually invest that money into a pool of investments such as shares. That pool of investment money hopefully grows and the insurer can use some of it to pay people or businesses when they make a claim. When asset values fall, it hurts the profit of insurers. But, when asset values go up it can help it.

The biggest hit to Suncorp’s profit was the Australian insurance NPAT sinking 68.2% to $174 million. It said there was an “intense” natural hazard season and the net investment loss was $133 million.

Outlook commentary

Suncorp also said that the operating environment remains “challenging”. It’s possible that the outlook has dampened market sentiment about the Suncorp share price.

It noted that extensive modelling of catastrophe risk indicated only a minor upward trend of the frequency of natural hazard related events, but more recent years have been hurt by La Nina related weather patterns. Suncorp’s current modelling suggests a third consecutive La Nina year.

It’s expecting gross written premium growth as it responds to increased input costs. Suncorp increased its natural hazard allowance in FY23 to $1.16 billion. The company also said that it maintains its commitment to a dividend payout ratio of between 60% to 80%.

Suncorp is also in the process of trying to sell its banking division to Australia and New Zealand Banking Group Ltd (ASX: ANZ) for $4.9 billion.

Is the Suncorp share price a buy?

Brokers are largely positive on the business.

For example, UBS rates it as a buy, with a price target of $14.80. This implies a possible rise of more than 30% over the next year. It thinks that Suncorp can grow profit in the shorter term, despite the challenges.

Credit Suisse also thinks that Suncorp is a buy, with a price target of $13.70. That suggests a possible rise of more than 20%. It thinks that insurance premium rises will help make up for the increase in costs.

The post Why has the Suncorp share price been struggling in August? appeared first on The Motley Fool Australia.

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More reading

• Can ANZ’s latest acquisition help it catch up to the other ASX 200 bank shares?
• Why Baby Bunting, PointsBet, ResMed, and Suncorp shares are dropping today
• Why is the Suncorp share price slipping today?
• Why Alliance, Aurizon, MVP, and Suncorp shares are dropping today
• Suncorp share price slides following softer-than-expected FY2022 results

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 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 Scott Phillips.

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The Pointsbet Holdings Ltd (ASX: PBH) share price is in focus this morning after the bookmaker posted its full year earnings.

The Pointsbet share price last traded at $3.29.

Pointsbet share price in focus on FY22 earnings

Here are the key takeaways from the S&P/ASX 200 Index (ASX: XJO) consumer discretionary favourite’s financial year 2022 (FY22) results:

• Revenue came in at $296.5 million – 52% higher than that of the prior corresponding period (pcp)
• Sports betting turnover lifted to $5 billion – a 32% increase
• Earnings before interest, tax, depreciation, and amortisation (EBITDA) fell to a $243.6 million loss – down from the pcp’s $156.1 million loss
• Gross profit rose 39% to $121.6 million
• After tax loss deepened by 43% to a $267 million loss
• Earnings per share (EPS) slumped to a $1.048 loss

The company posted a group net win of $309.4 million for FY22 – a 48% year-on-year increase. It also boasted 513,182 million active clients at the end of the period.

In Australia, the company saw a third consecutive year of positive EBITDA, bringing in $7.7 million.

Over in the respective US and Canada markets, its EBITDA came in at a $197.4 million loss and a $15.6 million loss.

What else happened in FY22?

The financial year just been was a busy period of growth for the company.

It expanded its presence in the US and rolled out sports betting operations in four new US states; West Virginia, Virginia, New York, and Pennsylvania. It also launched iGaming operations in New Jersey, West Virginia, and Pennsylvania, and sports betting and iGaming operations in Ontario, Canada.

The company also welcomed a major strategic investment from SIG Sports Investment Corp in June 2022 and completed a $400 million capital raise in August 2021. That helped it close FY22 with a cash balance of $472 million.

The Pointsbet share price tumbled 77.5% over the 12 months ended 30 June.

What did management say?

In a letter to shareholders, Pointsbet chair Brett Paton and managing director and CEO Sam Swanell commented:

It has been another successful year for PointsBet. During the year, the company continued to capitalise on its expanding US presence … We currently have live online sportsbook operations in 10 US states plus Ontario, Canada and are live with iGaming in 4 states plus Ontario, Canada.

In SIG Sports we have found a strategic long-term partner who believes in PointsBet’ ability to continue to grow and compete in the North American sports betting market. Susquehanna has both the analytical capability and the capital to help PointsBet realise this potential.

What’s next?

Pointsbet didn’t provide any new earnings guidance today. However, it did outline its predicted path forward.

The company believes North America will likely deliver the majority of regulated global gaming growth over the next decade.

It plans to take advantage of its partnerships with NBC, SIG Sports, Nellie Analytics, and Maple Leaf Sports and Entertainment in Canada to capitalise on the apparent opportunity.

Pointsbet share price snapshot

The Pointsbet share price has had a rough slog as of late.

It has fallen 52% so far this year. It’s also currently 67% lower than it was this time last year.

In comparison, the ASX 200 has fallen 8% year to date and 7% over the last 12 months.

The post Pointsbet share price in focus as FY22 revenue lifts 52% appeared first on The Motley Fool Australia.

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More reading

• Why is the PointsBet share price rising on Tuesday?
• Here are the top 10 ASX 200 shares today
• Broker tips PointsBet share price to jump 60%
• Here are the top 10 ASX 200 shares today
• Why CSL, Downer, Magellan, and PointsBet shares are falling today

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

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The BHP Group Ltd (ASX: BHP) share price could be on the move today.

This comes despite the mining giant not releasing any price-sensitive announcements to the ASX.

At yesterday’s market close, BHP shares finished 1.04% lower to $41.75 apiece.

BHP shares set to go ex-dividend

While the company has been quiet on the news front lately, investors will be eyeing the BHP share price.

This is because of the upcoming ex-dividend date.

If you want to secure the company’s latest dividend, you’ll need to buy BHP shares before market close today. The ex-dividend date falls tomorrow on 1 September.

Although, be wary that more than likely a fall will happen when the shares trade ex-dividend. This is because investors quickly offload the share to book in a profit.

What does this mean for BHP shareholders?

If you manage to secure the BHP final dividend, you can expect to receive a payment of US $1.75 per share on 22 September. The dividend is also fully franked meaning you’ll get tax credits from this.

However, if you opt-in for the dividend reinvestment plan (DRP), this will add a portion of shares to your portfolio instead.

No DRP discount will be applied, and the reinvestment price will be the on-market price of the shares which are purchased after the dividend payment.

The last election date for shareholders to participate in the DRP is on 5 September.

BHP share price summary

Since the beginning of 2022, the BHP share price has gained 12% but is up only 2% for the last 12 months.

The company’s shares struggled from early June 2022 as extreme volatility impacted the ASX along with lower iron ore prices.

Based on today’s price, BHP commands a market capitalisation of approximately $213.58 billion and has a dividend yield of 11.20%.

The post Time is running out to secure the next BHP dividend. Here’s the lowdown appeared first on The Motley Fool Australia.

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More reading

• 3 popular ASX 200 shares going ex-dividend tomorrow
• Woodside dividend tripled: Here’s everything you need to know
• Woodside share price lifts on 400% profit surge
• How does the BHP dividend stack up against the latest Fortescue payment?
• 2 ASX 200 dividend shares to buy now according to analysts

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. 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 Scott Phillips.

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The A2 Milk Company Ltd (ASX: A2M) share price has been a strong performer this week.

Over the first two trading sessions, the infant formula company’s shares have stormed 16% higher.

This has been driven by the release of a stronger than expected full year result on Monday.

Can the A2 Milk share price keep rising?

The good news for shareholders is that one leading broker still sees scope for the A2 Milk share price to rise further from here.

According to a note out of Bell Potter, its analysts have upgraded the company’s shares to a buy rating and lifted the price target on them by a third to $6.35.

Based on the current A2 Milk share price of $5.73, this implies potential upside of almost 11% over the next 12 months.

What did the broker say?

Bell Potter was impressed with A2 Milk’s performance in FY 2022, noting that its result came in ahead of expectations.

The broker was also pleased with the company’s outlook commentary, which again was ahead of its expectations and has led to the broker upgrading its net profit after tax forecasts by 15% in FY 2023 and 16% in FY 2024.

Pleasingly, its analysts also see potential for this strong earnings growth to continue through to FY 2026. Bell Potter concluded:

We upgrade our rating from Hold to Buy. If A2M can execute on its strategy to achieve ~NZ$2Bn in FY26e revenues and EBITDA margins in the teens, then it would imply compound double digit EPS growth through to FY26e. Exiting the US, transitioning MVM towards nutritionals or execution of buybacks could accelerate this growth trajectory. Recent easing in dairy (notably SMP) and vegetable oil ingredient forward rates also imply the scope for favourable COGS movements in FY24e.

The post Broker says A2 Milk share price can keep rising appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why A2 Milk, Deep Yellow, Healius, and IGO shares are racing higher
• Are A2 Milk shares ‘turning a corner’ on the daigou debacle?
• Here are the top 10 ASX 200 shares today
• Why A2 Milk, Lovisa, McMillan Shakespeare, and Tyro are storming higher

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 recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Bubs Australia Ltd (ASX: BUB) share price came under pressure on Tuesday.

The infant formula company’s shares tumbled 5% to end the day at 57.5 cents.

Investors were selling down Bubs’ shares in response to the release of its full year results.

Where next for the Bubs share price?

One leading broker that believes the Bubs share price is heading higher from here is Bell Potter.

According to a note this morning, the broker has upgraded the company’s shares to a speculative buy rating with an improved price target of 80 cents.

Based on the latest Bubs share price, this implies potential upside of 39% for investors over the next 12 months.

Why is Bell Potter bullish?

Bell Potter’s upgrade has less to do with the company’s results and more to do with the future.

It feels that Bubs has an opportunity to fill a void left by A2 Milk Company Ltd (ASX: A2M) following its shift of focus in China. If everything goes to plan, the broker suspects that Bubs could grow its gross revenue from $104.2 million in FY 2022 to over $400 million by FY 2026.

The broker explained:

We upgrade our rating from Hold, Speculative risk to Buy, Speculative risk. The rapid conscious shift in A2M’s sales mix towards China direct (PRC + CBEC) in our view creates a void in the supply of IMF product to large domestic Daigou buyers in a similar vein to when Danone undertook a similar strategy in 2HCY18. We expect BUB to be a beneficiary of this move given its domestic channel partners. Longer-term we see BUB as a high ceiling IMF play, with the scope to be a >$400m gross revenue business by FY26e if successful in executing its US and China growth strategies.

The post Why Bell Potter is tipping 40% upside for the Bubs share price appeared first on The Motley Fool Australia.

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More reading

• Why Bravura, Bubs, Grange, and Sandfire shares are sinking
• Why is the Bubs share price down 4% after reporting strong FY22 growth?
• Bubs share price on watch as full-year revenue blasts 127% higher

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 recommended A2 Milk and BUBS AUST FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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After a hectic reporting season and prophetic words from the US Federal Reserve chair shaking confidence in ASX shares, there are plenty of bargains out there.

Fortunately for long-term investors, some experts have nominated which stocks they’d buy for cheap right now:

An ageing population will happen regardless of economy

Integral Diagnostics Ltd (ASX: IDX) shares have dipped more than 13% since 5 August.

If one goes back to the start of the year, the healthcare stock has lost almost 40%.

But that just makes it a golden buying opportunity, as far as Fat Prophets chief executive Angus Geddes is concerned.

“Integral Diagnostics provides medical imaging services across Australia and New Zealand. The company’s hub and spoke model generates efficiencies,” he told The Bull.

“The diagnostics sector has long-term appealing trends given an ageing population and patients returning for medical examinations and treatments.”

The wider analyst community is divided on this one.

This week Citi and Goldman Sachs cut their price targets, while Jefferies and Macquarie both raised their price targets.

‘Tight employment market’ favours this stock

Baker Young managed portfolio analyst Toby Grimm likes the look of jobs classifieds site Seek Limited (ASX: SEK).

“This employment and education company delivered better than expected revenue and earnings growth in fiscal year 2022. However, Seek’s share price has recently retreated.”

Indeed the stock has lost 17% over the past 19 days, while it’s been a 39.9% slide down since the start of the year.

This betrays the quality of the business, according to Grimm.

“The company operates a dominant job advertising site, and we expect it to benefit in an exceptionally tight employment market. A value opportunity exists at these price levels.”

Some of the sell-off this month seems to have occurred after UBS and JP Morgan both cut their price targets.

However, 10 out of 16 analysts surveyed on CMC Markets currently rate Seek as a buy, with nine of them recommending it as a strong buy.

Above-average east coast crops expected next year

Marcus Today analyst Layton Membrey currently favours Graincorp Ltd (ASX: GNC) after an 18.3% drop since early June.

“This diversified Australian agribusiness recently upgraded earnings guidance for the full year ending September 30, 2022,” he said.

“It expects underlying net profit after tax to range between $365 million and $400 million. It was previously forecasting NPAT to range between $310 million and $370 million.”

The outlook for the next financial year is positive too.

“Graincorp is expecting another east coast Australian crop to be above average in fiscal year 2022/23.”

Graincorp shares seem to have also been recent victims of a downturn in sentiment from some analysts.

Earlier this month Morgans, Macquarie, Wilsons, Bell Potter and UBS all reduced their price turrets in response to the very financial update that Membrey is positive on.

The share price for Graincorp is up 1.5% year-to-date, and pays out a 2.57% dividend yield.

The post 3 ASX shares now at a golden buying opportunity: experts appeared first on The Motley Fool Australia.

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More reading

• Experts name 2 blue chip ASX 200 shares to buy
• Here are 2 ASX shares that Morgans rates as buys
• Up 41% in a year, is it too late to buy Graincorp shares in 2022?
• Top brokers name 3 ASX shares to buy today
• Why Bendigo and Adelaide Bank, Challenger, Seek, and Sims shares are dropping

Motley Fool contributor Tony Yoo 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 Integral Diagnostics Ltd and SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for growth shares to buy, then you may want to check out the two listed below.

Both these ASX growth shares have just been named as buys by analysts. Here’s what they are saying:

Jumbo Interactive Ltd (ASX: JIN)

The first ASX growth share that has been tipped as a buy is online lottery ticket seller Jumbo.

The team at Morgans was impressed with its performance in FY 2022 and highlights that its software as a service (SaaS) business is now a key earnings contributor. This is good news given its significant global market opportunity.

Morgans has put an add rating and $17.50 price target on the company’s shares. It commented:

FY22 was a year of solid growth in revenue and earnings for JIN. The business continued to diversify its earnings base, with SaaS now making up nearly half of group EBITDA. There were few surprises in the numbers, given JIN pre-announced headline earnings in July. We have made no material changes to our earnings estimates.

Our NPAT estimates are effectively unchanged in both FY23 and FY24, although we raise our EPS forecasts by 1% in each year as a result of the proposed $25m buyback. We reiterate our ADD rating. We expect JIN to continue to achieve steady growth in the years ahead through a combination of organic contract wins, M&A and diversification.

Nitro Software Ltd (ASX: NTO)

Another ASX growth share that has just been named as a buy is this document productivity software provider.

Goldman Sachs was pleased with Nitro’s performance during the first half and believes it is making good progress with its cost cutting plan. And while its growth is no longer expected to be as quick as first thought, the broker sees plenty of value in its shares at the current level.

In fact, it feels Nitro’s shares are materially undervalued based on its global growth opportunity. As a result, the broker has retained its buy rating and $2.05 price target on the company’s shares. It commented:

NTO’s growth outlook has been re-based post the 2Q22 update (from 30-40% to 20-30%) and we see the company as on a credible path to cash flow breakeven; however, consecutive quarters of strong ARR performance are likely necessary to ease concerns over execution challenges. We are comfortable with NTO’s full-year ARR guidance based on typical seasonality (2H weighted) and Connective cross-sell, with an update expected at the 3Q22 result in October.

We continue to see NTO as an undervalued global growth opportunity (>20% FY22-25E ARR CAGR) with high gross margins (~90%), a sound balance sheet (US$35mn net cash) and very little priced into the current valuation at 2x FY23 EV/ARR (an all-time low). Our 12-mth TP of A$2.05/share is unchanged and we reiterate Buy.

The post Analysts name 2 top ASX growth shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Why is the Nitro Software share price halted today?
• 6 ASX shares Morgans would buy right now
• Nitro Software share price plunges 7% amid $25 million loss
• Why Bega Cheese, Jumbo, Pilbara Minerals, and Qantas shares are rising
• Jumbo share price climbs following ‘strong growth achieved in FY2022’

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 positions in and has recommended Jumbo Interactive Limited. The Motley Fool Australia has recommended Jumbo Interactive Limited and Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s been a bumper month for the S&P/ASX 200 Index (ASX: XJO) as an overwhelming majority of ASX 200 shares have handed in earnings results.

With these results often come dividends. And with dividends comes an important cut-off date to determine which investors are eligible for the payment. This is also known as the ex-dividend date.

As we turn the page and start a new month, three big-name ASX 200 shares will be going ex-dividend tomorrow.

In other words, today will be the final day to bag these upcoming dividend payments.

Don’t be surprised to see these ASX 200 shares in the red tomorrow as the market responds to them going ex-dividend.

BHP Group Ltd (ASX: BHP)

Today is the final day to snap up the bumper final dividend from the Big Australian.

When the market opens tomorrow, BHP shares will no longer be trading with a fully franked final dividend of US$1.75. 

The payment date for this final dividend has been pencilled in for 22 September.

The ASX 200 mining giant recently reported the second-biggest profit in the company’s history. This helped it to hike up total FY22 dividends by 8%.

BHP shares are currently printing a trailing dividend yield of 11.3%. The FY22 final dividend alone spins up a yield of 6.1%. So, the BHP share price will likely be rattled tomorrow when this final dividend is off the table.

Looking ahead, broker Goldman Sachs is forecasting BHP to cut its fully franked dividends in half in FY23, landing at US$1.62.

Even still, this would represent a prospective forward dividend yield of 5.6%, which would gross up to 8.0% with the benefit of franking credits.

AGL Energy Limited (ASX: AGL)

The AGL Energy share price will also be on watch tomorrow as shares in the ASX 200 energy company turn ex-dividend.

Investors who own AGL shares by the time the market closes today will be entitled to the company’s upcoming unfranked dividend payment of 10 cents. This payment should come through on 27 September.

AGL released its FY22 results last week, slashing its final dividend by 70% after underlying profit tumbled by 58%. 

Across the year, AGL declared total FY22 dividends of 26 cents, unfranked. This puts AGL shares on a trailing dividend yield of 3.4%.

Broker Morgans is tipping AGL to pay out total dividends of 30 cents in FY23. This represents a prospective forward dividend yield of 3.9%.

Whitehaven Coal Ltd (ASX: WHC)

Coal producer Whitehaven is another popular ASX 200 share going ex-dividend tomorrow.

Whitehaven recently reported a bumper set of FY22 results, headlined by 216% revenue growth and a big reversal on the bottom line. 

The company went from a $544 million net loss in FY21 to a mighty $1.95 billion net profit after tax (NPAT) in FY22 as coal prices surged to record levels.

This helped the ASX 200 coal miner to declare a fully franked final dividend of 40 cents. The payment date is locked in for 16 September.

The company’s total FY22 dividends come in at 48 cents, putting Whitehaven shares on a trailing dividend yield of 6.0%. With the benefit of franking credits, this yield cranks up to 8.5%.

Looking ahead, Morgans is forecasting dividends of 100 cents per share in FY23. At current levels, this represents a prospective forward dividend yield of 12.4%.

The post 3 popular ASX 200 shares going ex-dividend tomorrow appeared first on The Motley Fool Australia.

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More reading

• ASX dividend windfall continues but it’s not just Woodside and ASX 200 energy stocks splashing the big cash
• 3 ASX 200 energy shares smashing multi-year highs on Tuesday
• Woodside dividend tripled: Here’s everything you need to know
• Woodside share price lifts on 400% profit surge
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Cathryn Goh 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 Scott Phillips.

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Are you looking for dividend options for your income portfolio? If you are, then take a look at the two ASX dividend shares listed below that have been tipped as buys.

Here’s why experts are positive on them:

Dexus Industria REIT (ASX: DXI)

The first ASX dividend share to consider buying is Dexus Industria. It is an industrial and office property company.

The team at Morgans is positive on the company. It currently has an add rating and $3.25 price target on the company’s shares. The broker commented:

DXI’s key industrial markets remain robust with the outlook for solid rental growth backed by strong tenant demand. The development pipeline also provides near and medium term upside potential. A key focus will be the leasing up of the business park assets and a potential divestment could be a positive catalyst. While the portfolio remains well positioned we acknowledge there will be near-term uncertainty around interest rates.

As for dividends, the broker is forecasting dividends per share of 16.4 cents in FY 2023 and 16.9 cents in FY 2024. Based on the current Dexus Industria share price of $2.77, this will mean yields of 5.9% and 6.1%, respectively.

Elders Ltd (ASX: ELD)

Another ASX dividend share to look at is Elders. It is an agribusiness company that provides a range of services to rural and regional customers across the ANZ region.

Analysts at Goldman Sachs are very positive on the company. They recently reiterated their conviction buy rating with a lofty $21.00 price target on its shares. The broker commented:

We view ELD as well-positioned to achieve continued organic growth through market rationalisation and margin expansion as the company executes on the backward integration strategy, which it is c.50% of the way through. Organic growth looks set to be complemented by further bolt-on acquisitions, with c.620 independents in the Australian market with a steady stream of founders now looking at succession or exit opportunities. We forecast a further +7% EBIT growth in FY23 vs. Bloomberg consensus of -13%.

In respect to dividends, the broker is forecasting dividends per share of 50 cents in FY 2022 and 53 cents in FY 2023. Based on the current Elders share price of $11.82, this would mean yields of 4.2% and 4.5%, respectively.

The post Experts say these ASX dividend shares are buys now appeared first on The Motley Fool Australia.

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More reading

• Analysts say these ASX dividend shares are buys now
• Analysts say these top ASX dividend shares are buys
• Here are the top 10 ASX 200 shares today
• Brokers name 2 ASX dividend shares to buy with 4%+ yields
• Brokers name 3 ASX shares to buy today

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 recommended Elders Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) bounced back from Monday’s selloff with a decent gain. The benchmark index rose 0.5% to 6,998.3 points.

Will the market be able to build on this on Wednesday? Here are five things to watch:

ASX 200 expected to fall

The Australian share market looks set to give back yesterday’s gains on Wednesday following a poor night of trade in the United States. According to the latest SPI futures, the ASX 200 is expected to open the day 63 points or 0.9% lower this morning. On Wall Street, the Dow Jones fell 0.95%, the S&P 500 dropped 1.1%, and the Nasdaq tumbled 1.1%. Rate hike concerns continue to weigh on sentiment.

Oil prices sink

Energy producers Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a tough day after oil prices sank overnight. According to Bloomberg, the WTI crude oil price is down 5% to US$92.17 a barrel and the Brent crude oil price has fallen 5.4% to US$99.44 a barrel. Traders were selling oil amid concerns that rising inflation could impact fuel demand.

Harvey Norman results

The Harvey Norman Holdings Limited (ASX: HVN) share price will be on watch on Wednesday when the retail giant releases its full year results. According to a note out of Citi, its analysts are expecting the company to report a profit after tax of $614 million. This is broadly in line with the market consensus estimate of $614.6 million.

Gold price lower

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a poor day after the gold price traded lower overnight. According to CNBC, the spot gold price is down 0.8% to US$1,735.7 an ounce. This was driven by markets betting on the US Federal Reserve being aggressive with its rate hikes.

Shares going ex-dividend

A large number of ASX 200 shares are due to trade ex-dividend this morning and could drop into the red. This includes Bega Cheese Ltd (ASX: BGA), Blackmores Ltd (ASX: BKL), Iress Ltd (ASX: IRE), OZ Minerals Limited (ASX: OZL), Tabcorp Holdings Limited (ASX: TAH), Wesfarmers Ltd (ASX: WES), and Woolworths Group Ltd (ASX: WOW). The latter will pay eligible shareholders its fully franked 53 cents per share final dividend on 27 September.

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Keen to pocket the Woolworths dividend? You’d better be quick!
• ASX dividend windfall continues but it’s not just Woodside and ASX 200 energy stocks splashing the big cash
• Hoping to bag the next Wesfarmers dividend? Here’s what you need to do
• Why is the Beach Energy share price lagging its sector on Tuesday?

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 positions in and has recommended Harvey Norman Holdings Ltd. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. and Wesfarmers Limited. The Motley Fool Australia has recommended Blackmores Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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