These three companies released their FY26 results this week.

Let's see how Morgans adjusted its ratings and 12-month price targets after reviewing the numbers.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine Estates share price is $5.87, up 1.7% today and down 24% over 12 months.

Morgans kept its buy rating on this ASX 200 wine share after Treasury released its FY26 earnings yesterday.

TWE's FY26 result came in above the top end of its original EBITS guidance range and NPAT beat consensus expectations.

While FY27 is a transition year, we think guidance will prove conservative and could be upgraded at the 1H27 result given the progress on inventory rebalancing (ahead of expectations) and the strong depletions growth across key brands.

Strategies to improve TWE's performance are well underway and should result in it returning to solid earnings growth and a strong balance sheet in FY28. We have upgraded our forecasts.

With a multi-year transformation program in place, strong management and the strength of the Penfolds brand, we reiterate our BUY rating …

The broker increased its 12-month target on Treasury Wine Estates shares significantly from $5.95 to $7.30.

This suggests a potential near-25% upside ahead.

Orora Ltd (ASX: ORA)

The Orora share price is $1.51, up 1.7% today and down 32% over 12 months.

Orora manufactures aluminium cans and glass bottles, mainly for beer, wine, and spirits.

Morgans maintained its hold recommendation on this ASX 200 materials share after Orora's FY26 results.

The broker said:

ORA's FY26 result was slightly softer than our forecasts but largely in line with consensus.

Key positives: Cans continued to perform well with EBIT up 7% on the back of 6% volume growth. The balance sheet remains strong, supporting the resumption of the on-market buyback following the result.

Key negatives: The near-term outlook for Saverglass remains challenging. ORA also recorded a non-cash impairment of $742.8m following a reassessment of the business's earnings outlook relative to expectations at the time of its acquisition in 2023.

With the outlook for the Glass business remaining challenging and group earnings expected to decline in FY27, a recovery still appears some way off.

While management is implementing initiatives to restore growth, progress is likely to be constrained until consumer demand for wine and spirits improves.

The broker reduced its 12-month share price target from $1.55 to $1.45.

This suggests the stock is already more than fully valued.

Transurban Group (ASX: TCL)

The Transurban share price is $14.08, down 3.3% today and up 0.8% over 12 months. 

Morgans maintained a trim rating on Transurban shares after reviewing the company's FY26 report.

EBITDA was slightly below and Free Cash slightly above consensus expectations. FY27 DPS growth guidance was in-line with consensus, but guidance on Free Cash coverage surprised by implying approximately no FC growth in FY27.

The Free Cash guidance indicates TCL is a slower growth stock than implied in its trading yield. If TCL were repriced to APA Group's yield the share price would trade down towards our $12.53 target price.

TRIM into share price strength.

The broker shaved its price target down from $12.63 to $12.53.

This implies a potential 11% downside ahead.

The post Buy, hold, sell: Transurban, Orora, Treasury Wine Estates shares appeared first on The Motley Fool Australia.

If you are, it could be worth hearing what Ord Minnett is saying about the ASX shares below.

Is the broker bullish, bearish, or something in between? Let's find out.

Orora Ltd (ASX: ORA)

Ord Minnett remains relatively positive on this packaging company despite concerns over potential write-downs for the Saverglass business.

The broker has an accumulate (between buy and hold) rating and a $1.55 price target on its shares. It said:

Ord Minnett also highlights the risk of a material write-down of the value of its Saverglass business – bought for $2.2 billion in 2023 but now seemingly valued by the market at circa $850 million – and its Gawler plant – where a $200 million investment was recently made in plant upgrades and repairs – unless end-market demand starts to revive.

Post our review, we cut our EPS estimates by 0.8%, 13.1% and 11.7% for FY26, FY27 and FY28, respectively, to incorporate downgraded volume forecasts, with the Saverglass business feeling the deepest cuts. These downgrades led us to cut our target price on Orora to $1.55 from $1.70, while we maintained our Accumulate recommendation on valuation grounds.

ResMed Inc. (ASX: RMD)

This sleep disorder treatment company recently announced the sale of its MatrixCare business for US$490 million.

Ord Minnett labelled the sale as "strategically sound" and remains positive on the investment opportunity with ResMed shares.

In response, it has retained its buy rating with a $36.60 price target. The broker commented:

ResMed (RMD) sold its MatrixCare unit, a supplier of software to manage post-operative out of hospital care for senior citizens, for US$490 million ($705 million) in cash, with net proceeds to be used to return capital to shareholders via an accelerated share buyback program. Ord Minnett viewed the decision to offload MatrixCare, which is being bought by private equity group Frazier Healthcare Partners, as strategically sound given the business was complementary rather than core to its sleep apnoea and respiratory-focused residential care software (RCS) division. ‍ 

ResMed also reiterated guidance for an FY26 gross operating margin of 62–63%, a selling, general, and administrative (SG&A) expenses-to-sales ratio of 19–20%, and an R&D-to-sales ratio of 6–7%. Post the sale, expected to be completed in the September quarter, we have cut our EPS estimates by 0.2%, 1.2% and 1.0% for FY26, FY27 and FY28, respectively, to incorporate the removal of MatrixCare earnings and a reduced number of shares, which drives a downgrade in our target price to $36.60 from $36.80. We reiterated our Buy recommendation on ResMed.

Virgin Australia Holdings Ltd (ASX: VGN)

This airline operator could be worth considering according to Ord Minnett.

It has been running the rule over Virgin Australia shares and likes what it sees. The broker has put a buy rating and $3.90 price target on them. It said:

Ord Minnett forecasts the airline's net debt-to-operating earnings (ND/EBITDA) multiple will hover near the lower end of its target range of 1–2x out to FY30. Note that this includes our expectations Virgin will commence dividends in FY28 of around $0.18 per share, implying a dividend yield of around 8% on a fully franked basis.

Post our review, we have nudged our EPS estimate for FY26 higher by 0.2%, while our FY27 forecast increases 2.2% and our FY28 numbers are unchanged. This leads us to raise our target price on Virgin to $3.90 from $3.80, and we reiterate our Buy recommendation.

The post Buy, hold, sell: Orora, Virgin Australia, and ResMed shares appeared first on The Motley Fool Australia.

Many Aussies think that they need to invest millions of dollars to make it worth it. But those with more experience know that you can earn a good passive income off any-sized portfolio if it's invested wisely.

But how much dividends could you actually earn?

Let's break it down, using a $400,000 portfolio as an example.

How much could I earn off a $400,000 ASX share portfolio?

To calculate your passive income, you need to multiply your total portfolio value by your dividend yield.

The tricky part is that the answer varies widely depending on your portfolio's dividend yield.

For example, $400,000 x 3% = $12,000 per year in dividend payments.

But if you double your portfolio yield to around 6%, your passive income will be double the size too. That's because $400,000 x 6% = $24,000 per year in dividend payments. 

That's some decent passive income!

Then, as your dividend yield increases, the passive income you can earn from your $400,000 portfolio also increases.  

These figures are based on cash dividends before any tax or franking credits.

Of course, this type of money isn't going to become a primary income stream, but it'll certainly help turbocharge your wealth.

Which ASX shares could earn me $12,000 per year in dividends?

To earn an annual passive income of around $12,000, your portfolio will need to yield around 3%.

A 3% dividend yield is very achievable, and there is a huge range of high-quality ASX dividend shares that pay out around that level. 

Macquarie Group Ltd (ASX: MQG), Commonwealth Bank of Australia (ASX: CBA) and BHP Group Ltd (ASX: BHP) are all stable ASX shares that yield around 3%.

What ASX shares could help me earn around $24,000 per year in dividend payments?

To earn an annual passive income of around $24,000, your portfolio will need to yield around 6%.

This is slightly higher than the index average, but there are still plenty of options available.

I'd look at ASX shares like Origin Energy Ltd (ASX: ORG), Graincorp Ltd (ASX: GNC), or Harvey Norman Holdings Ltd (ASX: HVN), which all yield around this level.

What about if I wanted to earn $28,000 per year in dividends, or even more? Is that possible?

Yes, it's possible, although your portfolio would need to average a dividend yield of 7% or higher.

There are options around this level, but remember, the higher the yield, the more risk those ASX shares have.

For ASX shares yielding around 7%, I'd look at Orora Ltd (ASX: ORA), Atlas Arteria Ltd (ASX: ALX), and Dexus Industria REIT (ASX: DXI). Abacus Group (ASX: ABG) pays a little higher, closer to 9%.

Of course, it's important to note that, ideally, you want to build a portfolio comprising a mix of different yielding shares for diversification, rather than a portfolio of just one stock.

The post How much could a $400,000 ASX share portfolio pay in dividends? appeared first on The Motley Fool Australia.

The fastest rising ASX 200 shares today are Capricorn Metals Ltd (ASX: CMM), up 14%, and Firefly Metals Ltd (ASX: FFM), up 9%.

Among the biggest fallers today are Karoon Energy Ltd (ASX: KAR), down 9%, and Yancoal Australia Ltd (ASX: YAL), down 6%.

Meanwhile, let's check out three ASX 200 shares with new ratings from the experts (courtesy The Bull). 

4DMedical Ltd (ASX: 4DX)

This healthcare share was the best performer of the entire ASX 200 in FY26, skyrocketing 1,786% to $4.53.

Today, the 4DMedical share price is $3.19, up 2.6%.

Philippe Bui from Medallion Financial Group has a buy rating on 4DMedical shares.

Bui said: 

4DMedical is an Australian respiratory imaging company. Its CT:VQ platform uses existing CT scans to improve evaluating lung function amid diagnosing conditions.

Since CT:VQ obtained US Food and Drug Administration (FDA) clearance in 2025, the company has secured deployments with six leading US academic medical centres.

A bipartisan bill in the US directing the Department of Veterans Affairs to establish a pilot program using 4D functional lung imaging software to identify respiratory disorders and lung disease is an encouraging development.

The company is well capitalised and we remain content holders at current levels given several potentially positive catalysts.

Megaport Ltd (ASX: MP1) 

ASX 200 tech shares tanked in FY26, but there were 3 winners, and Megaport was one of them, rising 49%.

Megaport provides cloud and data centre connectivity services through a global network-as-a-service (NaaS) platform.

Today, the Megaport share price is $18.75, up 1.5%.

Bui has a hold rating on this ASX 200 tech share, and commented:  

The business is riding two powerful trends — the global data centre build and the shift to multi cloud.

Global data centre capital expenditure is projected to reach $US1.7 trillion by 2030. Wholly owned subsidiary Latitude.sh recently signed three contracts, adding $A254 million in annual recurring revenue.

Results in the first half of 2026 confirmed growth is high quality, with EBITDA up 28 per cent to $A35.3 million. The shares have soared since April, so much of the good news is now priced into the stock, in our view.

Orora Ltd (ASX: ORA)

The Orora share price is $1.47, up 1% today and down 31% over 12 months.

Orora makes aluminium cans and glass bottles, mainly for beer, wine, and spirits.

Michael Gable from Fairmont Equities has a sell recommendation on this ASX 200 materials share. 

Gable said: 

In April, this packaging company downgraded fiscal year 2026 earnings guidance for its Saverglass business.

The conflict in the Middle East and weaker customer confidence is also impacting performance.

The shares are entrenched in a downtrend and this further heightens the risk of lower share price levels, in my view.

The shares were priced at $2.34 on February 25, three days prior to the start of the war in Iran.

Other stocks appeal more in challenging times across the globe.

The post Buy, hold, sell: Megaport, Orora, 4DMedical shares appeared first on The Motley Fool Australia.

Meanwhile, Ord Minnett has released new research notes on two ASX All Ords shares.

Let's see what the broker has to say, as well as its new 12-month price targets for the stocks.

Virgin Australia Holdings Ltd (ASX: VGN)

The Virgin Australia share price is $2.65, down 0.8% today and down 17% over 12 months.

Virgin Australia is the nation's No. 2 airline behind market leader Qantas Airways Ltd (ASX: QAN).

Ord Minnett updated its Virgin model after the carrier retired its last remaining Airbus A320 in June.

This reduced the Virgin fleet to just two types – 104 Boeing 737s across various models and four Embrauer E190-E2 jets.

In its new note, the broker said it had adjusted its expectations given Virgin's new planes, just delivered, would raise seat capacity.

The increased share of seats for the newer aircraft models, said to have more than 17% better fuel efficiency than older models it will replace, should reduce fuel consumption per available seat kilometre (ASK) by 5% across the network, generating around $50 million in cost savings per annum.

The airline's balance sheet is robust enough for its fleet renewal plans, in our view, despite the large step-up in capital expenditure to more than $900 million annually and expected higher payments for 'heavy' maintenance work as leases expire.

We also highlight a significant planned increase in the share of owned aircraft in its fleet to about 50% by FY32, up from 30% currently, with outright ownership affording Virgin improved lending terms and reduced costs in the longer term versus leasing.

The broker kept its buy rating on this ASX All Ords travel share and raised its target from $3.80 to $3.90.

This suggests a potential 47% upside for Virgin Australia shares in FY27.

Orora Ltd (ASX: ORA)

The Orora share price is $1.46, up 0.5% today and down 30% over 12 months.

Orora designs and manufactures aluminium cans and glass bottles, mainly for beer, wine, and spirits, in Australia and other nations.

Ord Minnett reviewed its Orora model to take into account growing evidence of people drinking less alcohol worldwide.

In its new note, the broker said: 

Data from analytics group Nielsen shows American spirits volumes fell 7% year-on-year (YoY) in the three months to mid-June, while in Europe, spirits volumes lost 3.5% YoY in the three months to mid-May.

Meanwhile, in Australia, retailers such as Coles noted a sharp deterioration of circa 20% in sales from its big-box liquor stores in the March quarter…

Ord Minnett also highlights the risk of a material write-down of the value of its Saverglass business – bought for $2.2 billion in 2023 but now seemingly valued by the market at circa $850 million – and its Gawler plant – where a $200 million investment was recently made in plant upgrades and repairs – unless end-market demand starts to revive.

Ord Minnett kept its accumulate rating on this ASX All Ords materials share on valuation grounds, but cut its target from $1.70 to $1.55.

This implies a potential 6% upside for Orora shares in FY27.

The post What is Ord Minnett saying about Orora and Virgin Australia shares? appeared first on The Motley Fool Australia.

It was a rough return for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares to trading this Tuesday following the long weekend break.

After closing the trading week on a bit of a sour note last Friday, investors didn't lose their cold feet over the weekend. The ASX 200 did recover a little from a sharp plunge at market open this morning, but still closed 0.24% down for the day. That leaves the index at 8,604.2 points.

This miserly start to the short trading week follows a mixed start to the American trading week on Wall Street last night.

The Dow Jones Industrial Average Index (DJX: .DJI) wasn't in a great Monday mood, falling 0.16%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared much better, though, advancing a confident 0.86%.

But let's get back to the local markets now and take stock of how the various ASX sectors fared amid today's tough trading conditions.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The rebound is happening across most of the sectors on the ASX All Ords Index, and it's positive news for the companies that slumped to 52-week lows on Monday.

Here are four ASX All Ords shares rebounding from a dip today. Here's what brokers expect next.

Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)

Fisher & Paykel Healthcare shares have rebounded 2.06% on Tuesday to $27.21, at the time of writing. It's a welcome turnaround after the ASX All Ords healthcare stock crashed to a two-year low of just $26.67 on Monday. Overall, healthcare shares have come under pressure so far in 2026, and stock prices have tumbled across the board. Slumping sentiment has been driven by a weaker US dollar, concerns about more interest rate rises, rising inflation, and cost-of-living pressures. There are also ongoing concerns about tariffs. But the business remains relatively sound. And the respiratory designer and manufacturer still expects to meet its revised FY26 revenue and profit guidance figures. Brokers rate the ASX All Ords stock as a strong buy and tip a potential 29% upside to $35.10, at the time of writing. 

Endeavour Group Ltd (ASX: EDV)

Endeavour shares have rebounded 2.48% higher to $3.10, at the time of writing. At the close of the ASX on Monday, the shares had crashed to an all-time low of $3.02. The alcoholic beverages retailer, hotel operator, and poker machines operator, owns major retail drinks companies such as Dan Murphy's and BWS. It also owns other brand names such as ALH Hotels, Langton's, and Jimmy Brings. Weaker consumer sentiment has hit the company's growth recently, while higher supply-chain costs and inflation have put margins under pressure. But Endeavour is investing heavily in market competitiveness and online growth. Although brokers aren't sure if the ASX All Ords company can pull off a turnaround. They rate the cost as a sell and top a 12-month target price of $3.51. However, after the latest price crash, it still represents a 14% upside at the time of writing.

Orora Ltd (ASX: ORA)

The packaging company's shares are also rebounding 0.8% at the time of writing, to $1.26. The update comes after the shares crashed to an all-time low on Monday. The ASX All Ords company's share price crashed 18% in early April following its latest trading update. Investors jumped on their sell buttons after the company downgraded its full-year FY26 EBIT guidance for its Saverglass division, citing disruptions from conflict in the Middle East. Brokers are also cautious about the company's outlook. They rate the stock a hold and tip a potential 34% upside to $1.71 at the time of writing. 

Tabcorp Holdings Ltd (ASX: TAH)

Tabcorp shares are climbing higher on Tuesday. At the time of writing, the shares are 1.78% higher at 69 cents a piece. The turnaround follows a slump to a 52-week low yesterday. The wagering company's shares have come under pressure since late 2023 following weaker revenue and profit performance. The stock was gaining traction in early 2026, but news of a letter from Australia's financial crimes watchdog, AUSTRAC, earlier this month sent the share price crashing. The ASX All Ords company said that the watchdog raised serious concerns about the company's ability to identify, mitigate, and manage money laundering and terrorism financing risks. It has also started an enforcement investigation. The shares have lost 41% of their value since the announcement. And brokers are reserved about their outlook for the company. They rate the stock as a hold and tip a potential 42% upside to 98 cents, at the time of writing. 

The post Are these 4 ASX All Ords stocks a buy after rebounding from 52-week lows? appeared first on The Motley Fool Australia.

Below we look at four stocks you would have done well to avoid in the month just past.

Temple & Webster Group Ltd (ASX: TPW)

On 31 March, Temple & Webster shares closed trading for $7.10. On 30 April, shares in the online furniture and homewares retailer ended the day changing hands for $5.64 each.

That put this ASX 200 stock down 20.6% over the month.

Temple & Webster shares closed down 8.2% on 23 April, after the company announced that its co-founder and CEO Mark Coulter was stepping down to take a position as executive chair. Former senior executive Susie Sugden will take over as CEO on 1 July.

A2 Milk Co Ltd (ASX: A2M)

A2 Milk was another ASX 200 stock best avoided in April.

Shares in the dairy company closed on 30 April trading for $7.08, down 26.0% in the month just past.

A2 Milk shares tumbled 13.0% on 13 April following a disappointing trading update.

Citing significant supply chain disruptions, management reduced the company's fully year FY 2026 profit guidance and revenue growth guidance.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) margin guidance was also lowered to 14.0% to 14.5%, from the prior 15.5% to 16.0%.

Orora Ltd (ASX: ORA)

The third ASX 200 stock turning the calendar page on a month to forget is Orora.

Shares in the global packaging company closed on 30 April trading for $1.31 apiece. That saw Orora shares down 30.7% over the month.

The Orora share price crashed 18.0% on 9 April following the release of a trading update.

Investors were overheating their sell buttons after the company downgraded its full year FY 2026 earning before interest and tax (EBIT) guidance for its Saverglass division.

Amid disruptions from the Middle East conflict, Orora now expects underlying FY 2026 EBIT from Saverglass in the range of 63 million to 60 million euros, down from prior guidance of 79 million euros.

Which brings us to…

Cochlear Ltd (ASX: COH)

The worst performing ASX 200 stock to have bought and held in April is Cochlear.

Shares in the hearing solutions company closed on 30 April trading for $94.00 each, down a sharp 44.4% over the month just past.

Cochlear shares crashed 40.7% on 22 April following the company's decidedly underwhelming trading update.

Citing decreased demand for its implants in developed markets and cancelled orders to its Middle East markets amid the Iran war, Cochlear reduced its FY 2026 underlying net profit guidance to between $290 million and $330 million. That's down from prior full year profit guidance of $435 million to $460 million.

The post The worst 4 ASX 200 stocks to buy and hold in April unmasked appeared first on The Motley Fool Australia.

After falling for eight straight sessions in a row, the ASX 200 finally turned a corner today, with investors clearly deciding enough was enough. By the time trading wrapped up, the index had gained 0.74%, leaving it at 8,729.8 points as we head into the weekend.

This stellar end to the trading week for the local markets comes after a euphoric night on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) was off to the races, rising a confident 1.62%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was slightly less enthusiastic, but managed a respectable 0.89% jump regardless.

Let's return to the ASX now and examine how today's market optimism percolated down into the different ASX sectors this session.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The company is a global packaging and distribution business.

Investors were heavily exiting their positions in Orora shares following the release of a trading update. 

Most notably, the update included a downgrade to earnings expectations for its Saverglass business.

According to the release, Orora now expects FY 2026 underlying EBIT for Saverglass to be in the range of 63 million euros to 68 million euros. This is down from previous guidance of broadly in line with FY 2025 EBIT of 79.2 million euros.

On a reported basis, EBIT is expected to fall further to between 52 million euros and 59 million euros.

Orora shares fell 25% across Thursday and Friday last week following the announcement. 

Its share price is now down approximately 33% in 2026. 

Middle East conflict weighing heavily on sentiment 

According to new guidance out of Morgans, the Middle East conflict has affected operations both directly and indirectly: directly through the effective closure of ORA's Ras Al Khaimah (RAK) facility in the UAE, and indirectly through lower spirits volumes and an adverse product-mix shift, which have weighed on earnings. 

As a result, the broker has adjusted FY26/27/28F underlying EBIT by -8%/-11%/-10% for this ASX materials stock.

Given the ongoing uncertainty surrounding the conflict in the Middle East, visibility on the timing of a potential restart at the RAK facility remains limited. In addition, global consumer confidence and spirits demand have already been negatively affected by the conflict and may remain subdued for some time, even in the event of a near-term resolution.

Target price decreases – opportunity elsewhere says Morgans

Based on this guidance, Morgans reduced its price target to $1.55 (previously $2.30) for this ASX materials stock.

It maintained its hold rating. 

From last week's closing price of $1.48, this price target indicates an upside of roughly 5%. 

The broker also noted that there is better opportunity elsewhere within the sector. 

Given this uncertainty, we believe it is prudent to await further updates before reassessing our view. Within the Packaging sector, our preference remains Amcor PLC (ASX: AMC).

The broker has a buy recommendation and $76.00 price target on Amcor shares. 

This indicates approximately 30% upside from its current stock price of $58.28. 

The post What's this broker's updated view on this ASX materials stock following a 25% fall? appeared first on The Motley Fool Australia.

Will the market be able to bounce back on Monday? Here are five things to watch:

ASX 200 expected to jump

The Australian share market looks set for a strong start to the week despite a mixed finish on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 70 points or 0.75% higher. In the United States, the Dow Jones was down 0.55%, the S&P 500 dropped 0.1%, and the Nasdaq rose 0.35%.

Oil prices ease

It could be a subdued start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices eased on Friday night. According to Bloomberg, the WTI crude oil price was down 1.23% to US$96.57 a barrel and the Brent crude oil price was down 0.75% to US$112.57 a barrel. This may have been driven by optimism over peace talks between the US and Iran.

Dividends being paid

A couple more ASX 200 shares will be rewarding their shareholders with dividend payments on Monday. This includes hearing solutions company Cochlear Ltd (ASX: COH) and auto listings giant CAR Group Limited (ASX: CAR). They will be paying partially franked dividends of $2.15 per share and 42.5 cents per share, respectively, later today.

Gold price slides

ASX 200 gold shares including Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a soft start to the week after the gold price fell on Friday night. According to CNBC, the gold futures price was down 0.65% to US$4,787.4 an ounce. This may also have been driven by news of peace talks between the US and Iran.

Hold Orora shares

Morgans isn't a buyer of Orora Ltd (ASX: ORA) shares despite their heavy decline last week. The broker has retained its hold rating with a heavily reduced price target of $1.55 (from $2.30). It prefers fellow packaging company Amcor (ASX: AMC) and has a buy rating and $76.00 price target on its shares. It said: "Given the ongoing uncertainty surrounding the conflict in the Middle East, visibility on the timing of a potential restart at the RAK facility remains limited. In addition, global consumer confidence and spirits demand have already been negatively affected by the conflict and may remain subdued for some time, even in the event of a near-term resolution. Given this uncertainty, we believe it is prudent to await further updates before reassessing our view. Within the Packaging sector, our preference remains Amcor (AMC, BUY, $76.00 TP)."

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Beetaloo Energy Australia Ltd (ASX: BTL)

The Beetaloo Energy share price is down 13% to 30 cents. This has been driven by the energy company completing a $66.3 million placement this morning. These funds were raised at 28 cents per new share, which represents an 18.8% discount to its last close price. The company's managing director, Alex Underwood, commented: "This Placement marks a pivotal moment for Beetaloo Energy. The participation by existing and new investors reflects genuine conviction in the potential scale of our Beetaloo Basin acreage and projects in the Northern Territory. […] we are now fully funded through to first pilot gas sales expected in Q4 2026, a milestone that we believe will be transformational for Beetaloo Energy and for Australia's domestic gas supply."

Fortescue Ltd (ASX: FMG)

The Fortescue share price is down 2% to $20.09. This is despite the mining giant announcing that it is accelerating the delivery of the world's first industrial and fully integrated green energy grid. This grid is dedicated to eliminating fossil fuels from large-scale industry, at a scale comparable to a city. It expects implementation to ramp up within two years. It also confirmed that it expects to save US$100 million in fossil fuel costs by next year, and at the completion of its decarbonisation program, expects to see a further reduction in C1 unit costs of at least US$2 to US$4 per wet metric tonne. It believes this demonstrates that eliminating fossil fuels is not only achievable, but economically superior.

Orora Ltd (ASX: ORA)

The Orora share price is down a further 7% to $1.50. This packaging company's shares have been sold off this week following the release of a trading update. Partly due to the war in the Middle East, Orora's Saverglass has been underperforming expectations. Management now expects FY 2026 underlying EBIT for Saverglass to be in the range of 63 million euros to 68 million euros. This is down from its previous guidance of broadly in line with FY 2025 EBIT of 79.2 million euros. The company notes that shipping routes and overland access have been disrupted in the Middle East, forcing Orora to transition its facility into a closed-loop hot operation.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is down 5.5% to $7.93. This morning, this coal miner announced a new US$600 million senior secured syndicated facility. It comes with a tenor of 4.5 years consisting of a US$475 million term loan and a US$125 million revolving credit facility. Whitehaven's CEO, Paul Flynn, said: "With Whitehaven's strengthened credit profile and successful integration – and initial improvements – of the Daunia and Blackwater metallurgical coal operations, we are focused on refinancing our acquisition credit facility and establishing a capital structure with more diverse, longer tenor and lower cost debt facilities."

The post Why Beetaloo, Fortescue, Orora, and Whitehaven Coal shares are dropping today appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Orora Ltd (ASX: ORA)

The Orora share price is down 20% to $1.57. Investors have been selling this packaging company's shares following the release of a trading update. Partly due to the war in the Middle East, Orora's Saverglass has been underperforming expectations. Orora now expects FY 2026 underlying EBIT for Saverglass to be in the range of 63 million euros to 68 million euros. This is down from its previous guidance of broadly in line with FY 2025 EBIT of 79.2 million euros. It notes that shipping routes and overland access have been disrupted in the Middle East, forcing Orora to transition its facility into a closed-loop hot operation. This means the furnace is kept running, but no bottles are produced.

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is down 8% to $3.69. This morning, this almond producer revealed the surprise resignation of its CEO, David Surveyor, after three and a half years leading the company. The release notes that Mr Surveyor will remain with the company to work through his six-month notice period and assist with an orderly transition. Surveyor commented: "It has been a privilege to lead Select Harvests over the past three years. I am proud of the transformation we have achieved together. Our people have lifted strategy and execution across the business, from improving our horticultural practices to step changing our processing capability and redefining our approach to market."

Tamboran Resources Corp (ASX: TBN)

The Tamboran Resources share price is down 17.5% to 26 cents. This has been driven by the completion of the institutional component of an equity raising. The natural gas company has raised US$103 million (A$147.1 million) of gross proceeds via a registered underwritten public offer. Tamboran Resources' CEO, Todd Abbott, said: "We are entering what will be the most active two‑year period in the Beetaloo Basin to date, including the delivery of first gas sales in the third quarter of 2026 and the continued delineation of gas resources across our Beetaloo East and Beetaloo West acreage."

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is down 10% to $38.92. This is despite there being no news out of the logistics solutions software provider on Thursday. However, it is worth noting that the tech sector is a sea of red today, with heavy declines being seen across the board. This has led to the S&P/ASX All Technology index dropping a sizeable 4.5%.

The post Why Orora, Select Harvests, Tamboran, and WiseTech shares are sinking today appeared first on The Motley Fool Australia.

At the time of writing, the ASX 200 share is down 16% to $1.63.

Why is this ASX 200 share sinking today?

Investors have been selling the packaging company's shares following the release of a trading update, which included a downgrade to earnings expectations for its Saverglass business.

According to the release, Orora now expects FY 2026 underlying EBIT for Saverglass to be in the range of 63 million euros to 68 million euros. This is down from previous guidance of broadly in line with FY 2025 EBIT of 79.2 million euros.

On a reported basis, EBIT is expected to fall further to between 52 million euros and 59 million euros.

Middle East conflict weighing on earnings

Management highlighted that the downgrade reflects both direct and indirect impacts from the ongoing Middle East conflict.

Directly, the company expects a 9 million euro to 11 million euro hit to second half earnings due to disruptions at its Ras al Khaimah (RAK) facility in the United Arab Emirates.

Shipping routes and overland access have been disrupted, forcing Orora to transition the facility into a closed-loop hot operation. This means the furnace is kept running, but no bottles are produced.

The RAK facility accounts for approximately 15% of Saverglass production capacity, with output now expected to shift to Mexico over time.

Softer demand and mix shift

In addition to the direct impact, Orora flagged weaker-than-expected trading conditions.

The company said volumes are now expected to be lower than previously forecast, with a shift in product mix also weighing on margins.

Specifically, there has been a greater-than-anticipated shift toward wine and champagne relative to premium spirits, alongside softer customer demand following the onset of the conflict.

This combination is expected to reduce earnings by a further 11 million euros to 16 million euros in the second half.

Other impacts

The ASX 200 share also noted that inventory levels have increased due to slower customer offtake and rising competitive pressures.

In response to the uncertainty, the company has decided to pause its on-market share buyback program while it monitors the situation.

Nevertheless, despite these challenges, management emphasised that the company's balance sheet remains strong, with leverage expected to stay below 1.5 times by June 2026.

The post Why is this ASX 200 share sinking 16% today? appeared first on The Motley Fool Australia.

What did Orora report?

• FY26 Saverglass underlying EBIT (€) expected at €63m–€68m (down from €79.2m in FY25)
• FY26 reported EBIT (€) for Saverglass now forecast at €52m–€59m
• Direct 2H26 EBIT impact from Middle East conflict: €9m–€11m
• Indirect 2H26 EBIT impact due to weaker volumes and negative mix: €11m–€16m
• No change to existing FY26 guidance for Cans or Gawler divisions
• Leverage ratio expected to remain below 1.5x at June 2026

What else do investors need to know?

The Ras al Khaimah (RAK) facility in the UAE is safe and undamaged, but production has shifted to a closed-loop 'hot' mode due to shipping and overland route closures. Orora assures all team members are accounted for and safety is the top priority.

Production from the RAK facility, representing about 15% of Saverglass capacity, will be shifted to Mexico for the North American market, with bottle moulds transported to the Acatlán facility. Orora has paused its on-market buyback while monitoring the conflict's ongoing impacts.

What's next for Orora?

Orora continues to monitor the Middle East situation and remains committed to safety and operational continuity. Shifting production from the RAK facility to Mexico is expected to help maintain supply for key customers, with mitigation strategies aiming to reduce energy cost pressures.

The company retains a strong balance sheet and expects leverage to stay below 1.5x by the financial year-end. The paused buyback may resume once there is greater certainty around external risks.

Orora share price snapshot

Over the past 12 months, the Orora share price has risen 16%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 21% over the same period.

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The post Orora updates FY26 outlook as Saverglass earnings take a hit appeared first on The Motley Fool Australia.

ASX All Ords shares have risen 1.7% over the week as more companies revealed strong earnings results and dividends.

Next week, a large group of ASX shares go ex-dividend. We provide a sample of these stocks below.

To pick up a dividend payment, you must own the share before the ex-dividend date.

ASX shares about to go ex-dividend

Here are 16 ASX shares going ex-dividend next week.

Which companies are reporting next week?

According to the calendar, we will hear from Adairs Ltd (ASX: ADH), Ampol Ltd (ASX: ALD), and Nib Holdings Ltd (ASX: NHF) on Monday.

On Tuesday, ARB Corporation Ltd (ASX: ARB), Woodside Energy Group Ltd (ASX: WDS), and Monadelphous Group Ltd (ASX: MND) are up.

On Wednesday, we'll get reports from Bapcor Ltd (ASX: BAP), Domino's Pizza Enterprises Ltd (ASX: DMP), and Fortescue Ltd (ASX: FMG).

Light & Wonder Inc (ASX: LNW), Wisetech Global Ltd (ASX: WTC), and Woolworths Group Ltd (ASX: WOW) will also report on Wednesday.

On Thursday, Karoon Energy Ltd (ASX: KAR), Monash IVF Group Ltd (ASX: MVF), and Qantas Airways Ltd (ASX: QAN) will release their earnings.

Ramsay Health Care Ltd (ASX: RHC), Super Retail Group Ltd (ASX: SUL), and Worley Ltd (ASX: WOR) will also be in the spotlight.

On Friday, we'll see reports from Coles Group Ltd (ASX: COL), Star Entertainment Group Ltd (ASX: SGR), and TPG Telecom Ltd (ASX: TPG).

The post 16 ASX shares going ex-dividend next week appeared first on The Motley Fool Australia.

The question is, will the share price hold up or has it got a bit ahead of itself?

Let's look at the results first. The bottle and packaging maker posted a first-half net profit of $58.9 million, up $58.7 million from what was effectively a breakeven position for the same period last year.

This was achieved on revenue of $1.12 billion, up 9.7%.

Orora Managing Director Brian Lowe said it was a "robust operating result for the first half of FY26, underpinned by disciplined execution".

He added:

In line with our full year guidance, we achieved EBITDA growth across all businesses, reflecting the strength of our operating platform and the benefits of our recent investments and business optimisation actions. Market dynamics and trading conditions vary across Orora's business segments. Favourable market dynamics in Cans, including the continued consumer preference shift to aluminium and growth in new beverage categories, has supported 11.2% volume growth. Despite softness in premium spirits and wine, disciplined execution supported performance across glass, with Saverglass volumes up 2.6% in the first half primarily driven by tequila and vodka categories.

Mr Rowe said the company was maturing from a high capital expenditure phase to one defined by more cash generation.

So, what do analysts think?

The team at Barrenjoey said the earnings were in line with expectations, and that key full-year guidance was reiterated.

But they believe there are headwinds ahead, noting:

Going forward, we believe performance in Saverglass will drive the share price given the division has the widest range of earnings outcomes and represents roughly half of Orora's enterprise value. Fundamentally, we think it will be difficult for Saverglass to grow earnings at the rate consensus expects unless alcohol trends improve materially to support sales volume and pricing power. Cost management in Saverglass has been a key focus since the acquisition and will need to continue if our cautious view on alcohol consumption persists.

The Barrenjoey team has a price target of $2 on Orora shares, compared with the current share price of $2.17.

The team over at Macquarie were more positive on the stock, with an outperform rating and a $2.45 price target.

They said regrading the result that, "no bad news was good news", and it was good to see Saverglass volumes growing.

They said there were more positives than negatives out of the half year report and the "worst appears to have passed for Saverglass and cost out initiatives increase leverage to recovery''.

The new buyback announced on Thursday will purchase up to 10% of the company's stock on issue.

The post Are Orora shares a buy following their half-year results? appeared first on The Motley Fool Australia.

The bottle and packaging maker posted a first-half net profit of $58.9 million, up $58.7 million from what was effectively a breakeven position for the same period last year.

This was achieved on revenue of $1.12 billion, up 9.7%.

Steady as she goes

Orora Managing Director Brian Lowe said it was a "robust operating result for the first half of FY26, underpinned by disciplined execution''.

He added:

In line with our full year guidance, we achieved EBITDA growth across all businesses, reflecting the strength of our operating platform and the benefits of our recent investments and business optimisation actions. Market dynamics and trading conditions vary across Orora's business segments. Favourable market dynamics in Cans, including the continued consumer preference shift to aluminium and growth in new beverage categories, has supported 11.2% volume growth. Despite softness in premium spirits and wine, disciplined execution supported performance across glass, with Saverglass volumes up 2.6% in the first half primarily driven by tequila and vodka categories.

Mr Lowe said the company was moving from a phase defined by high capital expenditure to a cash generation phase.

He added:

At a group level, with strength in our operating cashflow, cash realisation and balance sheet, and with the major cans capacity expansion completing in FY26, Orora can continue to make meaningful shareholder returns through regular dividends and an ongoing on‑market buy‑back. We enter the second half with confidence and a clear execution agenda.

The company said on Thursday that its previous share buyback had bought back $227.4 million worth of shares, or 8% of the issued capital in the company.

Orora has announced it will refresh that share buyback to purchase up to another 10% of the company's stock, worth about $270 million.

The company said regarding the outlook, it remained largely unchanged, with growth in EBITDA and cash flow expected for all business units.

Orora shares surged on the news, trading 8.6% higher at $2.39.

Jarden analysts had a look at the results and said in a note to clients on Thursday that it was "better than feared".

They said the earnings were largely in line with consensus, while core earnings per share were slightly ahead of consensus.

Orora will pay an unfranked interim dividend of 5 cents per share, in line with the same period last year.

The post Orora shares hit a fresh 12-month high as new buyback announced appeared first on The Motley Fool Australia.

What did Orora report?

• Underlying net profit after tax (NPAT) of $77.8 million, up 32.2% on the prior period
• Revenue rose 9.7% to $1,127.6 million
• Group EBITDA increased 14.4% to $218.2 million
• Earnings per share up 40.6% to 6.2 cents
• Interim dividend steady at 5.0 cents per share (79% payout ratio)
• Operating cash flow soared 50.9% to $189.7 million; cash realisation 112.4%

What else do investors need to know?

Orora's Cans business recorded strong volume growth of 11.2%, supported by new capacity and a continued shift in consumer preference toward aluminium. Revenue in this segment jumped 18.6%, and investments in capacity expansion—like the Revesby Line 2—helped meet elevated demand, especially from Queensland customers.

For the Glass division, the Saverglass business saw a 2.6% lift in volumes, mostly driven by tequila and vodka bottles, while Gawler managed a modest revenue increase. The company also pushed ahead with sustainability initiatives, aiming for significant reductions in greenhouse gas emissions and increasing recycled content across its packaging products.

A major on-market share buyback underpinned returns to shareholders, with 47.6 million shares repurchased for $100.7 million in 1H26. Orora announced the intention to buy back up to a further 10% of issued shares.

What did Orora management say?

Brian Lowe, Managing Director and Chief Executive Officer said:

Orora has delivered a robust operating result for the first half of FY26, underpinned by disciplined execution. In line with our full year guidance, we achieved EBITDA growth across all businesses, reflecting the strength of our operating platform and the benefits of our recent investments and business optimisation actions.

What's next for Orora?

Orora's outlook for FY26 remains positive, with the company expecting higher EBIT from its Cans business and further volume growth driven by customer demand and completed expansion projects. Saverglass' annual EBIT is expected to be steady in local currency, with cost savings and improving order trends supporting the second half.

For Gawler, EBIT is forecast around $30 million, offset by higher depreciation from recent investments. Across the group, cash flow is anticipated to improve as major capital projects wind down, allowing more funds to be returned to shareholders through dividends and ongoing buybacks.

Orora share price snapshot

Over the past 12 months, Orora shares have declined 6%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

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The post Orora earnings: robust half-year profit growth and outlook appeared first on The Motley Fool Australia.

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