A number of ASX dividend shares have released their results this week.
Brokers have been busy running the rule over these releases and picked out three shares which they think are post-results buys.
Here's what they are recommending to income investors:
Eagers Automotive Ltd (ASX: APE)
Analysts at Bell Potter continue to believe that this auto retailer is an ASX dividend share to buy.
They note that the company's "1H2024 underlying operating PBT of $182.5m was 2% ahead of our forecast of $178.8m and 3% ahead of the guidance of c.$177m."
The broker also highlights "that a stronger H2 result will restore some confidence in the outlook" and could underpin a rebound in its share price.
In response, Bell Potter has put a buy rating and $13.00 price target on its shares.
As for dividends, its analysts are forecasting fully franked dividends of 66.5 cents per share in FY 2024 and then 73 cents per share in FY 2025. Based on its current share price of $10.54, this will mean dividend yields of 6.3% and 6.9%, respectively.
Hotel Property Investments Ltd (ASX: HPI)
Morgans thinks that Hotel Property Investments is an ASX dividend share to buy following its FY 2024 results.
It owns a portfolio of freehold hotels and associated specialty tenancies located throughout Queensland, New South Wales, South Australia, Western Australia, and Victoria.
The broker notes that its "FY24 result was in line with expectations" and that "proceeds from asset sales are being used to pay down debt as well as recycle into the ongoing capex program with its key tenant which is being rentalised at 7.5%."
In response, the broker has put an add rating and $3.69 price target on its shares.
As for income, it is forecasting dividends per share of 19.5 cents in FY 2025 and then 20 cents in FY 2026. Based on its current share price of $3.34, this will mean dividend yields of 5.8% and 6%, respectively.
IPH Ltd (ASX: IPH)
This morning, analysts at Goldman Sachs have responded to this intellectual property solutions company's full year results by putting a buy rating and $8.25 price target on its shares.
It notes that "IPH delivered a solid FY24 result as organic growth sequentially improved across the business, despite continued softness in filing volumes in ANZ and Asia, demonstrating IPH's ability to drive margin to protect earnings."
It also highlights that "the proposed acquisition of Bereskin & Parr appears consistent with IPH's strategy to replicate a similar market position in Canada as Australia."
Overall, Goldman believes the company is positioned to pay fully franked dividends of 37.4 cents per share in FY 2025 and then 39.9 cents per share in FY 2026. Based on its current share price of $6.08, this will mean dividend yields of 6.2% and 6.6%, respectively.
