The ASX reporting wrap-up: Telstra, AGL Energy, Downer

Just what the investor ordered. Here’s a recap of the companies that reported on Wednesday…
The post The ASX reporting wrap-up: Telstra, AGL Energy, Downer appeared first on The Motley Fool Australia. –

As trading grinds to a halt, we summarise the reporting results from the big-name ASX shares today. It was once again a mixed bag of reactions to some of Australia’s largest companies and their financial results.

We’ll quickly unpack today’s results and then wrap it back up for tomorrow:

Those that delivered today

Telstra Corporation Ltd (ASX: TLS)

Shares in Australia’s largest telecommunications company surged 3.66% to $3.97. This followed the reporting of the telecom giant’s FY21 results on the ASX and the announcement of a $1.35 billion share buyback.

The takeaway points:

Total income fell 11.6% to $23.1 billion
Reported earnings before interest, tax, depreciation and amortisation (EBITDA) fell 14.2% to $7.6 billion
Underlying EBITDA was down 9.7% to $6.7 billion (versus guidance of $6.6 billion to $6.9 billion)
Net profit after tax increased 3.4% to $1.9 billion
Fully franked final dividend of 8 cents per share, bringing full year dividend to 16 cents per share
FY 2022 guidance: Underlying EBITDA growth of 4.5% to 9%
$1.35 billion on-market share buyback

AGL Energy Ltd (ASX: AGL)

The AGL share price slumped after what management described as a “challenging year” in its FY21 results. The energy company shaved off 5.53% to finish the day at $7.18.

The takeaway points:

Revenue decreased 10.0% on the prior corresponding period (pcp) to $10.9 billion.
Underlying profits fell 33.5% to $537 million on the pcp.
Underlying earnings per share (EPS) dropped 31.6% to 86.2 cents.
Net operating cash outflow before significant items was $870 million – a 35% drop.
Full year dividend of 75 cents per share (41 cents interim + 35 cents final). This is down 23.5% on the pcp for a yield of 9.87% on the current AGL share price.

Downer EDI Ltd (ASX: DOW)

Lastly, shares in Downer gained 4.2% to $5.77 today after reporting its earnings on the ASX. Investors reacted positively to the integrated services company’s FY21 results, with Downer swinging from a loss into profit for the full year.

The takeaway points:

Underlying net profit after tax and amortisation up 21.4% year on year to $261.2 million
Revenue down 8.8% to $12,234.2 million
Statutory earnings before interest, tax, and amortisation increased by $371 million to $401 million
Statutory net profit after tax of $230 million, up from a loss of $105.8 million
Earnings per share (EPS) of 25.4 cents per share, up from a loss of 26.1 cents per share
Unfranked final dividend of 12 cents per share, taking full year dividend to 21 cents per share unfranked

ASX shares reporting tomorrow

Unlike the last couple of days, Friday will see the week finish on a rather quiet note comparatively. Only Baby Bunting Group Ltd (ASX: BBN) and Bailador Technology Investments (ASX: BTI) are slated to be reporting earnings on the ASX tomorrow… though there may be a handful of smaller names among them.

The post The ASX reporting wrap-up: Telstra, AGL Energy, Downer 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. owns shares of and has recommended Bailador Technology Investments Limited. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Baby Bunting and Bailador Technology Investments 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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