The Motley Fool

3 earnings results you may have missed on Wednesday

Although earnings season is drawing to a close, a good number of companies have released their full-year results today.

Three which you may have missed are summarised below:

The Australian Vintage Limited (ASX: AVG) share price fell 9% to 43.5 cents after the wine company posted a full-year net profit before one-off items of $4.3 million. This was a disappointing 38.5% decline on last year’s result and was largely down to weakness in the British pound since the Brexit. Although Australian Vintage attempted to combat this through price increases, it wasn’t ultimately enough to offset the unfavourable currency movements. However, management expects net profit after tax growth of 10% in FY 2018. This could make it an opportune time to consider an investment.

The Boral Limited (ASX: BLD) share price ended the day down 3% to $6.63 despite posting a 28% increase in underlying profit after tax before significant items to $343 million. Key to the strong result was the company’s Boral Australia division which delivered an 11% lift in EBIT to $349 million. This was driven by volume and margin improvements thanks largely to strong east coast residential markets and growing infrastructure activity. Today’s decline may be related to the company’s increase in debt. Boral ended the year with net debt of $2.3 billion, up from $893 million last year.

The MotorCycle Holdings Ltd (ASX: MTO) share price tumbled 3% to $4.10 despite the motorcycle retailer posting a record net profit of $9.3 million. This was a 16% increase on FY 2016 and was driven by a series of acquisitions and strong sales of new motorcycles. The company’s New Motorcycle segment saw a 21% increase in sales volumes to 9089 units, compared with market growth of just 2%. As strong as the result was, management has advised that trading conditions remain subdued. This may have investors concerned that the strong result will not be repeated next year.

If your portfolio took a hit from these declines don't worry. I think these quality growth shares could be just what you need to take your portfolio higher again.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.