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The Woolworths Group Ltd (ASX: WOW) share price is backtracking today following the release of the company’s full-year results.

The retail conglomerate reported a resilient financial performance despite an extremely challenging operating environment.

Nonetheless, the group achieved a 9.2% increase on total sales to $60,849 million. This was driven by an improved trading momentum in the second half as the business recovered from supply chain disruption and product availability challenges.

On the bottom line, Woolworths delivered a 0.7% increase in net profit after tax (NPAT) to $1,514 million.

This led the board to declare a fully franked final dividend of 53 cents per share.

While this is a very brief summary of the results, read below if you’d like to know more regarding the latest dividend.

Woolworths share price dips following dividend cut 

A catalyst for the Woolworths share price sinking 3.85% to $35.96 on Thursday could be the board’s decision to slash its final dividend.

For the second half of FY2021, the company paid out a final dividend of 55 cents per share. 

However, the FY2022 final dividend represents a cut of 3.6% over the prior corresponding period.

This brings the total dividends declared for the 2022 financial year to 92 cents per share.

The ex-dividend date for the final dividend is on 31 August 2022, meaning you have until next Tuesday to buy Woolworths shares.

If you manage to add them to your holding in time, you’ll receive a dividend payment on 27 September.

In addition, you may wish to opt-in to the company’s dividend reinvestment plan (DRP).

The last date to participate in the DRP is on Friday 2 September.

There’s no DRP discount, and the reinvestment price will be decided upon the volume weighted average price (VWAP) between 5 September to 9 September.

The shares will be also issued on 27 September.

Based on today’s price, Woolworths commands a market capitalisation of $45.40 billion and has a dividend yield of 2.48%.

The post Everything you need to know about the latest Woolworths dividend appeared first on The Motley Fool Australia.

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More reading

• Woolworths share price wilts today amid ‘volatile and challenging’ outlook
• Woolworths share price on watch as sales leap 9% to $61 billion
• 5 things to watch on the ASX 200 on Thursday
• Earnings preview: Here are the ASX shares reporting today
• Looking to buy Woolworths shares? Here’s what to watch in this week’s earnings results

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 Flight Centre Travel Group Ltd (ASX: FLT) share price is sliding on the back of the company’s full-year earnings today, and there’s still been no word on dividends from the travel share.

Indeed, the last time the market heard dividend-related news from the S&P/ASX 200 Index (ASX: XJO) travel giant was more than two years ago.

But its ASX 200 travel peer Corporate Travel Management Ltd (ASX: CTD) is back on the beat, offering investors a 5-cent unfranked dividend for financial year 2022 (FY22) earlier this month.

So, when might those invested in Flight Centre shares next see a dividend? Let’s take a look.

Right now, Flight Centre shares are swapping hands for $16.46 apiece, marking a 5% tumble.

When will Flight Centre shares pay a dividend?

As the COVID-19 pandemic took hold of the globe in March 2020, Flight Centre offered investors a 40-cent dividend. Who would have guessed that would be the last pay-out shareholders would receive from the company for years to come?

Of course, there’s a simple reason as to why the ASX 200 travel agency hasn’t been paying out a portion of its profits in the form of dividends in that time. It’s because it hasn’t turned a profit.

Well, that’s not entirely true. Flight Centre announced this morning that it returned to the green in the second half, recording a $35 million underlying profit for the final quarter of FY22.

That helped buoy its full-year results, in which the company posted an underlying after-tax loss of $272.6 million. While it can be argued that no loss is a good loss, today’s result marks a significant year-on-year improvement. It recorded a $364 million underlying loss for FY21.

Meanwhile, Corporate Travel posted a $17.5 million underlying after-tax profit for FY22. That allowed the company to pay out a portion of such profits in the form of dividends.

While Flight Centre isn’t quite there yet, the start of FY23 has brought even brighter skies for the ASX 200 travel share. Though, it hasn’t offered earnings guidance.

Here’s hoping its upwards trajectory will continue and Flight Centre shareholders can recognise a dividend sometime in the near future.

The post Corporate Travel has resumed paying them, so when can we expect Flight Centre dividends? appeared first on The Motley Fool Australia.

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More reading

• Flight Centre shares fall back to earth after $378 million loss
• Flight Centre share price in focus as full-year revenue surpasses $1 billion
• 5 things to watch on the ASX 200 on Thursday
• Is the Flight Centre share price a buy ahead of Thursday’s FY 2022 earnings report?
• Looking to buy Webjet shares? Here’s what we’ve learned about the travel sector in August

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Corporate Travel Management Limited and Flight Centre Travel Group 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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The Hipages Group Holdings Ltd (ASX: HPG) share price is falling today after the company released its results for the year ending 30 June (FY22).

Hipages shares were sinking by as much as 9% in early trading but have since partially recovered and are currently down 2.68% at $1.45 apiece.

Let’s get the measuring tape out and see what unfolded in FY22 for the ASX-listed tradies services platform.

What did Hipages report for FY22?

• Revenue of $61.9 million, up 11% from $55.8 million in FY21
• Operating expenses of $51.1 million, up 15% from $44.3 million in FY21
• Earnings before interest, tax, depreciation, and amortisation (EBITDA) before significant items of $10.7 million, down 8% from $11.7 million in FY21
• EBITDA margin of 17%, down from 21% in FY21
• Net loss after tax of $0.91 million, compared to a profit of $1.2 million in FY21

Across Hipages’ key operations, it recorded higher monthly recurring revenue of 5% to $5.5 million. The number of jobs processed on the Hipages platform also lifted 6% to 1.63 million. The average revenue per user surged 11% to $1,707 compared to $1,536 in FY21.

The jump in operating expenses was due to greater investment in headcount and marketing. Marketing expenditure went up from $16 million to $18.8 million, in particular building its brand through the sponsorship of The Block.

In terms of employees, Hipages invested in its tech team to support growth and strategic execution.

Despite the reversal in Hipages’ bottom line, it managed to improve its operating cash flow slightly from $12.5 million in FY21 to $12.7 million in FY22.

Hipages, which only listed in November 2020, appears to be in a sound financial position with cash and funds on deposit of $13.2 million and no debt.

What else occurred in FY22?

Hipages rolled out its job management solution, which plays a crucial role in transitioning to a software-as-a-service model. Tradie subscribers can now use the platform to schedule and personalise documentation with self-service options.

The tradie marketplace business also acquired Builderscrack, a similar business based in New Zealand. This enabled Hipages to achieve its goal of becoming the leading tradie marketplace across the trans-Tasman.

In addition, the company acquired a 25% stake in Bricks & Agent, one of Australia’s leading property management technology platforms.

Management commentary

Speaking on the results, Hipages co-founder and CEO Roby Sharon-Zipser said:

In FY22 we faced a perfect storm for a marketplace business, with supply constricted by our tradie customers being unable to work due to COVID restrictions, then facing an unprecedented backlog of jobs driven by strong consumer demand.

In this environment, the strength of our subscription model shone through, enabling us to deliver growth in revenues, subscription tradies and ARPU, while executing our strategy and consolidating our position as the #1 online tradie marketplace in both Australia and New Zealand.

What’s ahead for Hipages?

Management expects H1 FY23 revenue growth to stay in line with H2 FY22 and then accelerate to the mid-teens in the second half of FY23.

The EBITDA margin for FY23 is expected to be ahead of FY22.

The company advises there is a clear path towards free cash flow after recording positive free cash flow in its most recent quarter for FY22.

Commenting on the outlook, Sharon-Zipser said:

Looking ahead, I am very excited about the future for hipages Group. The countercyclical nature of our model means that we are well positioned to benefit from economic uncertainty in the near-term, while the opportunity in our existing markets and new adjacencies is significant.

Our efficient operating model gives us the confidence to continue to invest with a clear pathway to ongoing positive free cash flow. We remain highly focused on executing our strategy and investing to build the foundations for long-term profitable growth.

Hipages share price snapshot

The Hipages share price has copped a hammering alongside other ASX growth stocks over the last 12 months, dropping 52%. It has also fallen 62% this year to date. However, it has rallied in the past month, up 28%.

The S&P/ASX 200 Index (ASX: XJO) hasn’t been as erratic, falling 6% in the past year and then climbing up 4% in the last month.

Hipages has a market capitalisation of around $195 million.

The post Hipages share price sinks as ‘perfect storm’ hits profit appeared first on The Motley Fool Australia.

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More reading

• Goldman Sachs names 2 small cap ASX shares to buy with 80%+ upside
• ‘Power and resilience’: Hipages share price leaps 14% on revenue boost

Motley Fool contributor Raymond Jang 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 Hipages Group Holdings Ltd. The Motley Fool Australia has positions in and has recommended Hipages Group 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Investing in cryptocurrencies can be an intimidating endeavor. There are tens of thousands of options, making it a daunting task to narrow down the list. And while most digital assets aren’t worth even a penny of your savings, the top crypto, Bitcoin (CRYPTO: BTC), deserves a much closer look. 

That said, here are three of the most important factors investors need to consider before buying Bitcoin. 

Bitcoin is extremely volatile 

This probably goes without saying, but Bitcoin is extremely volatile, even more so than growth tech stocks. Daily price swings of 10% are par for the course. And worse, major bear markets are a usual occurrence. In 2021, Bitcoin’s price fell more than 50% from peak to trough at one point, only to shoot back up. And currently, Bitcoin is off about 69% from its all-time high of nearly $69,000 achieved in November last year. 

For anyone looking to put some money into Bitcoin, understand that you must be able to stomach the inevitable ups and downs. Otherwise, you’ll be inclined to sell quickly after any major price move and lose out on the potential for monster returns over the very long term. Volatility is normal in this situation. In fact, it should be expected for such a new (Bitcoin is 13 years old), still-developing, and nascent asset. 

If Bitcoin keeps gaining widespread adoption as a legitimate store of value, it won’t be in a straight line. That’s because it will continue to fall in and out of favor with investors based on various factors, like the macroeconomic environment, any regulatory updates, and their own personal finances. Therefore, it’s best to only allocate to Bitcoin what you’re willing to lose, say 1% to 2% of a well-diversified portfolio. 

Bitcoin runs a proof-of-work consensus mechanism 

Unlike Ethereum (CRYPTO: ETH) after “The Merge,” as well as Cardano (CRYPTO: ADA) and Solana (CRYPTO: SOL) currently, Bitcoin operates what is known as a proof-of-work consensus mechanism. This means that large amounts of electricity are needed to solve complex math problems to validate new transactions and create new Bitcoin, a process known as mining. Bitcoin naysayers argue that the network is awful for the environment, often citing data showing that it consumes the same amount of energy as a small country.  

However, Bitcoin mining flows to the cheapest sources of energy, like wind and solar. And not only does Bitcoin support the development of renewable energy, but it can also help to balance out a power grid. When excess energy is produced, instead of it being wasted, it can be used to mine Bitcoin. And during times of peak power demand, say during a major heat wave, miners can quickly turn off their machines and sell energy back to the grid. This is an incredible feature that most people don’t consider. 

The next time someone tries to tell you that Bitcoin is inefficient and bad for our planet, just remember the quirks you just saw. We could get to a point in the future when Bitcoin is entirely powered by green energy while acting as a demand-balancing portion of the power grid. That one-two punch would certainly be viewed favorably by society. 

Bitcoin aims to change money 

While Web3 and its potentially disruptive applications garner a lot of attention, primarily from venture capitalists, Bitcoin is attacking arguably the biggest addressable market in the world — money. Sure, its use as a medium of exchange is essentially nonexistent today, and it is mainly being viewed as a store of value like digital gold. 

Bitcoin’s network is only able to process fewer than five transactions per second (TPS), and every new block is created on average every 10 minutes. On the other hand, Visa (NYSE: V), the largest payments network in the world, has the capacity to handle a whopping 65,000 TPS. It’s strikingly clear that for Bitcoin to be used in daily transactions, something needs to change. 

Luckily, developers are working hard on a layer-2 solution, known as the Lightning Network, that runs on top of Bitcoin’s main blockchain. The idea is that different parties can open payment channels with each other, allowing transactions to be instant with almost zero fees. For example, I could open a channel with my local coffee shop, with my balance decreasing (and the coffee shop’s balance increasing) every time I make a purchase. Once a month, or at any frequency for that matter, this channel can be closed, and the ending balance is settled up on the main Bitcoin network, thus reducing congestion on the main blockchain.  

Bitcoin could fundamentally change the nature of money, which today is heavily controlled and manipulated by the actions of governments and central banks. To be fair, it will be a long and bumpy road for Bitcoin to achieve mainstream adoption, but the potential is definitely there. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post 3 top things to look at before buying Bitcoin appeared first on The Motley Fool Australia.

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More reading

• What investors are watching with Ethereum right now
• What on earth does Jackson Hole have to do with the Bitcoin price?
• Why Ethereum, Polkadot, and Dogecoin are rallying nicely today
• The Bitcoin price is down today but these 2 cryptos just rocketed 17%
• Why Ethereum, Solana, and Dogecoin are falling today

Neil Patel has positions in Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin, Ethereum, Solana, and Visa. 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.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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ASX uranium shares are shining bright today.

While the All Ordinaries Index (ASX: XAO) is putting in a solid day, up 0.8% as we head into the lunch hour, leading ASX uranium shares are rocketing far higher.

For example:

• Paladin Energy Ltd (ASX: PDN) shares are up 12.9%
• The Deep Yellow Limited (ASX: DYL) share price is up 13.1%
• Bannerman Energy Ltd (ASX: BMN) shares are up 17.0%
• The Alligator Energy Ltd (ASX: AGE) share price is up 8.8%

So, what’s piquing investor interest today?

What’s driving investor interest?

Investors are snapping up ASX uranium shares following on news that Japan is actively seeking to ramp up its nuclear power generation.

It’s been more than 11 years now since Japan shuttered all of its nuclear reactors.

As we’re sure you’ll recall, that came in the wake of the tsunami-driven disaster at its Fukushima Daiichi nuclear power plant in March 2011. Uranium prices and ASX uranium shares fell hard over the following months, with most only beginning to rebound in 2021.

Currently, Japan only has 10 nuclear plants online, with nuclear energy providing around 7% of its electricity in 2021.

But that number looks set to grow.

With Japan heavily reliant on energy imports (coal, oil and gas), Russia’s invasion of Ukraine has spurred the country into revisiting nuclear power. All the more so following soaring energy demand during the northern summer heatwave, alongside the goal of reducing carbon emissions.

Yesterday, Prime Minister Fumio Kishida announced that Japan will look into developing next generation nuclear power plants and reopen a number of closed plants.

As Bloomberg reports, Japan wants to restart seven more nuclear reactors. That would see the nation with 17 online reactors out of 33 in operational status, news that looks to be driving ASX uranium shares higher today.

“Nuclear power and renewables are essential to proceed with a green transformation. Russia’s invasion changed the global energy situation,” Kishida said.

How have these ASX uranium shares been tracking longer term?

Though many have retraced in 2022, the ASX uranium shares listed above are all well into the green over the past 12 months.

Since this time last year, the Paladin share price is up 69%; Deep Yellow shares are up 27%; Bannerman shares have gained 42% and the Alligator Energy share price is up 107%.

The All Ordinaries comes in far behind these ASX uranium shares, having lost 7% over the 12 months.

The post Why are ASX uranium shares going gangbusters on Thursday? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Up 26% in a month, is the Paladin Energy share price on the comeback trail?
• The ASX shares with 30% to 50% upside: fundie
• Why did the Paladin Energy share price rocket 28% in July?
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Bernd Struben 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 JB Hi-Fi Limited (ASX: JBH) share price is falling wayside on Thursday despite no announcements from the company.

The S&P/ASX 200 Index (ASX: XJO) is up 0.78% during midday trade, but can’t seem to get JB Hi-Fi shares over the line.

At the time of writing, the retailer’s shares are swapping hands at $41.81, down 4.57%.

Let’s take a look at what is causing the share to fall today.

What’s going on with JB Hi-Fi shares?

Following the retailer’s full-year results last week, investors are selling off JB Hi-Fi shares as they go ex-dividend today.

This means if you purchased the company’s shares yesterday or before and owned them at today’s market open, you’ll be eligible for the latest dividend.

When a company reaches its ex-dividend day, its shares tend to fall in proportion to the dividend paid out. This is because after securing the dividend, investors try to make a quick profit.

For those who are set to receive JB Hi-Fi’s final dividend, a payment of $1.53 per share will be made on 9 September. The dividend is also fully franked.

This brings the FY2022 dividend to $3.16 per share, reflecting a 10.1% increase compared to the prior corresponding period.

The board has adopted a policy of monitoring the dividend payout ratio and targeting a payout ratio of 65% of NPAT. Whilst ensuring adequate capital is retained for the growth of the business, it also aims to deliver shareholder returns.

Are JB Hi-Fi shares a buy?

Following the company’s 2022 financial scorecard, a number of brokers updated their outlook on JB Hi-Fi shares.

According to ANZ Share Investing, Jefferies downgraded its rating to underperform from hold. In addition, the broker cut its price target by 14% to $38.50 per JB Hi-Fi share. Based on the current price, this implies a downside of 8%.

On the other hand, Macquarie and Citi raised their price targets by 1% to $41.30, and 6.4% to $50, respectively.

Citi’s bullish broker note implies an upside of almost 20% from where JB Hi-Fi trades today.

JB Hi-Fi share price snapshot

For the first half of 2022, the JB Hi-Fi share price travelled sideways before sinking to a 52-week low of $36.69 in June. While there has been some recovery of late, it’s still 36% off its all-time high of $56.85.

JB Hi-Fi has a price-to-earnings (P/E) ratio of 10.13 and commands a market capitalisation of approximately $4.57 billion.

The post Why is the JB Hi-Fi share price slumping today? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares going ex-dividend tomorrow
• Why are ASX 200 retail shares having such a stellar run today?
• 2 surprisingly ‘robust’ ASX shares to buy in current climate: expert
• JB Hi-Fi share price dips as full-year dividend jumps 43%
• Could this ASX 200 share be heading for a short squeeze?

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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It’s looking like another positive day for the S&P/ASX 200 Index (ASX: XJO) at this stage of Thursday’s session. At the time of writing, the ASX 200 had added an encouraging 0.81% and is back above 7,050 points.

But let’s talk about the Qantas Airways Limited (ASX: QAN) share price. And, of course, the Qantas dividend.

Qantas shares are soaring today. The airline is currently up a very pleasing 7.93% at $4.90 a share. This lift comes directly after the carrier reported its earnings for the 2022 financial year.

As my Fool colleague Tony dug into this morning, Qantas reported a 53.5% surge in revenue to $9.1 billion. But that wasn’t enough to stop Qantas from posting a statutory loss after tax of $860 million, down 49.2% from last year. Underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) were also down 31.5% to $281 million.

But what about Qantas’ dividend?

Qantas used to be a fairly solid ASX dividend-paying share. But the airline operator hasn’t paid a dividend in the post-pandemic era. Its last dividend was doled out way back in September 2019.

Where is the Qantas dividend at?

Unfortunately for income investors, the airline’s dividend situation won’t be changing this year. Qantas declared no final dividend for FY2022 this morning. It is difficult for a company to justify a dividend when it is losing money on the bottom line, after all.

But that’s not to say Qantas investors won’t be enjoying any form of capital return going forward. Because, although Qantas’ dividend drought continues, the airline did announce an on-market share buyback program, worth up to $400 million.

Share buybacks do not put cash in the hands of investors as a dividend does. However, they do support shareholders by reducing the overall share count. This tends to boost the share price, given that under the laws of supply and demand, less supply leads to a rise in price.

There are also fewer shares to split the company’s earnings between, leading to a potential boost in earnings per share (EPS) for existing investors.

So it’s not like there is nothing in this earnings report for investors to get excited about. This $400 million share buyback program might well be why the Qantas share price is soaring so high this Thursday.

At the current Qantas share price, this ASX 200 airline operator has a market capitalisation of $8.56 billion (but sadly still no dividend yield).

The post What’s going on with the Qantas dividend in 2022? appeared first on The Motley Fool Australia.

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More reading

• Flight Centre shares fall back to earth after $378 million loss
• Guess which ASX 200 share just upped its dividend by 108%
• The Qantas share price just flew 8% higher on $400 million share buyback
• Perpetual share price tumbles on full-year earnings and takeover news
• South32 share price gains ground on record FY22 earnings and special dividend

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 Scott Phillips.

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The Woolworths Group Ltd (ASX: WOW) share price is down 3.5% today.

Woolworths shares closed yesterday trading for $37.40 and are currently trading for $36.11.

Investors are pushing down the Woolworths share price following the release of the retail giant’s full-year results for the 12 months ending 30 June.

Here’s why.

What are ASX 200 investors considering?

The FY22 results certainly weren’t bad.

Group sales came in at $60.85 billion, an increase of 9.2% from the prior year, while net profit after tax (NPAT) edged up 0.7% from FY21 to $1.51 billion.

Earnings before interest and tax (EBIT) went the other direction, slipping 2.7% from the prior year to $2.69 billion.

Commenting on the FY22 results, Woolworths CEO Brad Banducci said, “The extremely challenging operating environment caused by supply chain disruptions, product shortages, team absenteeism and flooding led to an inconsistent customer experience and a financial performance that was below our aspirations for the year.”

So, what about the year ahead?

It looks like the Woolworths share price isn’t coming under pressure from those results so much as from the outlook for FY23.

“We expect the trading environment to remain volatile and challenging due to endemic COVID disruptions, ongoing supply chain challenges, higher costs across our business and cost-of-living pressures for our customers,” Banducci said with an eye on the year ahead.

Woolworths expects food inflation to persist into FY23, which could continue to throw up headwinds for the share price.

Initial results from the new financial year show a 0.5% drop in total sales for the Australian food business for the first eight weeks of FY23, while total sales in the New Zealand food division over the eight weeks are down 1% year on year.

Woolworths share price snapshot

The Woolworths share price is down 6% in 2022. That compares to a year-to-date loss of 7% posted by the S&P/ASX 200 Index (ASX: XJO).

The post Woolworths share price wilts today amid ‘volatile and challenging’ outlook appeared first on The Motley Fool Australia.

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More reading

• Woolworths share price on watch as sales leap 9% to $61 billion
• 5 things to watch on the ASX 200 on Thursday
• Earnings preview: Here are the ASX shares reporting today
• Looking to buy Woolworths shares? Here’s what to watch in this week’s earnings results
• Earnings preview: Here are 3 ASX 200 shares reporting this week

Motley Fool contributor Bernd Struben 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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Owners of AGL Energy Limited (ASX: AGL) shares could be in for a good 12 months with the S&P/ASX 200 Index (ASX: XJO) giant tipped to grow in its value and offerings.

Indeed, broker Morgans has high hopes for the company despite it posting apparently disappointing full-year earnings last week.

The AGL share price is currently trading at $7.98, flat with its previous close. For context, the ASX 200 is lifting 0.8% at the time of writing.

So, what might be in store for those invested in the company’s stock in the financial year 2023 (FY23)?

Let’s take a look.

AGL share price and dividends tipped to grow

AGL shares could be gearing up to grow in FY23, alongside the company’s earnings and dividends.

While the market doesn’t have any FY23 guidance from the ASX 200 energy producer and retailer, the company has noted it expects its earnings to be resilient this fiscal year amid challenging industry and market conditions.

It’s set to release more detailed guidance alongside the initial outcome of a review of its strategic direction next month.

While Morgans originally held higher expectations for the company in FY23, it’s still holding out hope for a win.

Analyst Max Vickerson conceded the broker is still bullish on the stock, slapping an add rating on valuation upside, despite commenting:

We significantly lower our expectations for FY23 underlying profit (-37%) given the likelihood of another year of wholesale electricity performance. We had hoped for a higher degree of optionality in its electricity derivatives and faster roll over of older hedging and customer pricing. Given the language used to couch the outlook we suspect this is not the case.

Additionally, as my Fool colleague James reports, Morgans has an $8.73 price target on AGL shares, suggesting a potential 9.4% upside.

It’s also tipping the company to pay out 30 cents of fully franked dividends in FY23. That represents a potential 15% increase from its full-year payout of 26 cents in FY22.

The post Could AGL shares really offer 9% upside and rising dividends in FY23? appeared first on The Motley Fool Australia.

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More reading

• Broker tips AGL share price to leap higher
• Is the AGL share price in the buy zone following the company’s latest results?
• Why AGL, Fisher & Paykel, Inghams, and TPG shares are sinking today
• Everything you need to know about the latest AGL dividend
• AGL share price dips after 58% profit slash

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 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 S&P/ASX 200 Index (ASX: XJO) is off to a flying start this Thursday. At the time of writing, the ASX 200 has gained a healthy 0.82% at just over 7,050 points. But let’s check out the performance of Flight Centre Travel Group Ltd (ASX: FLT) shares.

The Flight Centre share price is on watch today after the ASX travel share reported its full-year earnings for the 2022 financial year before the bell this morning.

As my Fool colleague Brooke dug into earlier, Flight Centre reported a massive 154% surge in revenues to $1 billion. But that was not enough to stop it from delivering an earnings before interest, tax, depreciation, and amortisation (EBITDA) loss of $200 million. That was a loss 53.7% higher than what the company delivered last year.

However, statutory loss before tax improved by 27% on FY21 to a loss of $377.8 million. But perhaps given that Flight Centre’s bottom line is still deep in the red, the company won’t be paying out a final dividend for FY22.

This stretches Flight Centre’s dividend drought to almost three years, given its last dividends were doled out back in October 2019.

So what does this mean for the Flight Centre share price? Let’s take a look.

How have Flight Centre shares reacted to the earnings result?

Well, it hasn’t been pretty. The travel company initially rose after market open this morning, climbing as high as $17.75 a share after opening at $17.45. But investors seem to have lost confidence, with Flight Centre shares now down 5.31% at $16.42 a share.

This latest move puts the Flight Centre share price at a loss of 11% year to date. However, the shares are up by around 1% over the past 12 months. Flight Centre remains down more than 50% from pre-COVID levels.

At the current Flight Cente share price, this ASX 200 travel share has a market capitalisation of $3.4 billion.

The post Flight Centre shares fall back to earth after $378 million loss appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX 200 share just upped its dividend by 108%
• Perpetual share price tumbles on full-year earnings and takeover news
• South32 share price gains ground on record FY22 earnings and special dividend
• Flight Centre share price in focus as full-year revenue surpasses $1 billion
• These ASX 200 shares will trade ex-dividend tomorrow

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 recommended Flight Centre Travel Group 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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