It looks as though the S&P/ASX 200 Index (ASX: XJO) and ASX 200 stocks are heading for yet another severe loss so far this Thursday. At the time of writing, the ASX 200 has tanked by another 0.57% down to just over 7,154 points. Since last Friday, the index is now down a nasty 2.7%.
But even so, we're still seeing a few ASX 200 stocks hit new 52-week highs today in the midst of this market carnage. Let's discuss why.
These 3 ASX 200 stocks are at new 52-week highs this Thursday
Super Retail Group Ltd (ASX: SUL)
Super Retail Group, the ASX 200 stock behind names like Super Cheap Auto and BCF, is first up. Super Retail shares are having a great time of it so far this session. At present, the ASX retail share is up a rosy 2.89% at $13.74.
However, the company climbed even higher this morning, topping out at a new 52-week (and all-time record) high of $14.44 a share.
This comes after Super Retail reported its full-year earnings this morning. As we covered at the time, these saw Super Retal post a 9% rise in revenues to $3.8 billion as well as an 11% surge in net profit after tax (NPAT) to $263 million.
The company also bumped up its final dividend for 2023 by a cent to 22 cents per share. That's in addition to a new special dividend of 25 cents per share.
So no prizes for guessing why this company is in the market's good graces today.
Orora Ltd (ASX: ORA)
ASX 200 packaging stock Orora is another share having a corker this Thursday. Orora stock is currently up a pleasing 7.2% to $3.83 a share. That was after the company rose as high as $3.93 a share just around midday – its new 52-week high.
We also have an earnings report to likely thank for this chunky gain. This morning, Orora also reported its full-year earnings for FY2023.
The company revealed a 4.9% rise in revenues to $4.29 billion, as well as a 12.3% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to $320.5 million. This enabled Orora to declare a final dividend of 9 cents per share, a 5.9% rise over last year's equivalent dividend.
So again, it's not too surprising to see investors react positively to these kinds of results.
Seven Group Holdings Ltd (ASX: SVW)
Finally, let's check out the Seven Group share price. This diversified ASX 200 stock is presently up by a robust 3.65% at $27.28 a share, despite a brief dip into negative territory this morning. That very share price is also a new 52-week and all-time high for Seven Group.
Once more, it looks like we have a new earnings report to thank for these happy gains. Seven revealed its books for the 2023 financial year this morning, and there was a lot for shareholders to like.
Seven Group announced today that its revenues for FY2023 were up a pleasing 10% to $9.63 billion. EBITDA also rose, up 15% to $1.69 billion, while NPAT rose 18% to $654 million. However, a final dividend of 23 cents per share was declared, which was unchanged from last year.
As such, it seems investors are celebrating these Seven earnings results with a new all-time high for this AX 200 stock this Thursday.
