3 ASX 200 shares hit new all-time highs this earnings season

Solid FY21 results helped these ASX 200 shares lift to fresh all-time highs.

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Positive earnings can often be the catalyst for the next leg up for ASX 200 shares.

With August earnings season done and dusted, these ASX 200 shares delivered pleasing results which helped push valuations into record territory.

ASX 200 shares reaching fresh all-time highs in August

Domino’s Pizza Enterprises Ltd. (ASX: DMP)

The Domino’s share price marked a series of all-time highs in August thanks to a strong FY21 results announcement.

Shares in the pizza business finished the month of August at an all-time high of $156.74.

Domino’s continued to find momentum in FY21 despite the pandemic continuing to affect operations across 9 of its markets.

The company announced that global food sales across its network increased 14.6% to $3.74 billion. And net profit after tax (NPAT) rose 29.2% to $188.2 million.

During FY21, the company increased its store count by 10.7%, or 285 new store openings, surpassing its 3-5 year outlook of 7-9% new stores.

Encouragingly, Domino’s increased its outlook for new store openings for the next 3-5 years to 9-12%.

Domino’s shares are sliding on the first day of September, down 2.95% to $152.11.

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price jumped 17.6% to $19.30 on 25 August after the company released its FY21 results.

The company’s shares rallied the next day, opening at another record high of $20.

The jewellery retailer delivered a well-rounded financial performance, despite its business being “heavily impacted” in the first quarter of FY21 due to COVID-19 restrictions.

Revenue increased 18.9% to $288 million, which drove a 43.3% jump in NPAT to $27.7 million.

At the time of writing, Lovisa shares are down 1.52% to $19.44.

HUB24 Ltd (ASX: HUB)

The HUB24 share price was another ASX 200 share that surged after the company released its FY21 results.

HUB24 shares rallied 7.4% to $27.90 the day of the announcement before adding another 13.3% to an all-time high of $31.60 by 27 August.

The investment and superannuation platform delivered a 47% jump in underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) to $36.2 million. NPAT rose 18.7% to $9.76 million.

The strong financial performance was underpinned by a significant uplift in funds under administration, surging 237% to $58.6 billion.

Looking ahead, management said, “we believe the market conditions continue to be highly favourable for HUB24 as the wealth management industry continues to transform.”

The company forecasts platform funds under management to be within the range of $63 billion to $73 billion by the end of FY22, representing an increase of between 7.5% to 24.5%.

At the time of writing, HUB24 shares are trading 3.59% lower at $29.

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Motley Fool contributor Kerry Sun 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 Hub24 Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Hub24 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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