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Evans & Partners Upgrades JB Hi-Fi to Positive from Neutral; Price Target is AU$80.47
JB Hi-Fi (ASX:JBH) has an average rating of hold and mean price target of AU$77.31, according to analysts polled by FactSet.
ASX:JBH
ASX:JBH
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Asia
Australian Shares Fall; National Australia Bank Fiscal Q3 Cash Earnings, Net Operating Income Up
Australian shares fell on Monday as firms missed earnings expectations and softer economic data lowered expectations of a rate hike from the US Federal Reserve.The S&P/ASX 200 Index dropped 0.46%, or 42 points, to close at 9,073.20.Brent crude futures hovered around $88 per barrel, as there was little movement in the efforts to end the conflict in the Middle East over the weekend.Gold rose to $4,391 per ounce after having climbed nearly 1% the previous week.On the domestic front, stronger competition in Australia's lending market has led to more favorable conditions that are benefiting the country's small businesses, the Australian Banking Association (ABA) said.In company news, National Australia Bank (ASX:NAB) logged AU$1.8 billion in cash earnings for the fiscal third quarter, up 4% from a year ago. For the three months ended June 30, net operating income was AU$5.5 billion, up 5% from a year earlier.JB Hi-Fi (ASX:JBH) logged AU$4.4671 in earnings per share for fiscal 2026, compared with AU$4.2137 a year ago. For the 12 months ended June 30, revenue was AU$11.06 billion versus AU$10.55 billion previously. Its shares fell 11% on market close.Lastly, Iress (ASX:IRE) logged AU$0.208 in underlying earnings per share for the first half, compared with AU$0.176 a year ago. For the six months ended June 30, revenue was AU$250 million versus AU$299.5 million previously. Its shares also closed down 11%.
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Asia
JB Hi-Fi Shares to Trade Weaker Following July Update, Fiscal 2026 Earnings Miss, Jarden Says
JB Hi-Fi (ASX:JBH) reported a small miss on underlying earnings before interest and taxes for fiscal 2026 and provided a weak update for July, which will likely translate into the stock trading weaker on Monday, Jarden said in a same-day note.July sales were down across the company's Australian operations and The Good Guys retail brand, which was a function of competition and demand and supply dynamics, the investment firm said.The focus will now be on JB Hi-Fi's ability to recover like-for-like sales through the first half of fiscal 2027 at a time when housing activity is falling sharply, cash flow is constrained, and price increases are flowing, Jarden said."Overall, we expect weakness today with consensus cuts of [mid-single digits] likely, with questions over when and to what extent sales will recover," it said.Jarden has a buy rating on JB Hi-Fi with a target price of AU$87.10.The company's shares fell 12% in recent Monday trade.
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Asia
Update: JB Hi-Fi Fiscal 2026 EPS, Revenue Up; Shares Fall 13%
(Updates to add stock movement in the headline and the last paragraph)JB Hi-Fi (ASX:JBH) logged AU$4.4671 in earnings per share for fiscal 2026, compared with AU$4.2137 a year ago, a Monday filing showed.Analysts polled by FactSet expected AU$4.48.For the 12 months ended June 30, revenue was AU$11.06 billion versus AU$10.55 billion previously, the Australia-listed electronics and entertainment products retailer added. Analysts surveyed by FactSet projected AU$11.12 billion.The board declared a final dividend of AU$1.27 per share, up from AU$1.05 a year earlier, payable Sept. 11 to shareholders of record as of Aug. 28.The company's shares fell 13% in recent Monday trade.
ASX:JBH
Asia
JB Hi-Fi Fiscal 2026 EPS, Revenue Up
JB Hi-Fi (ASX:JBH) logged AU$4.4671 in earnings per share for fiscal 2026, compared with AU$4.2137 a year ago, a Monday filing showed.Analysts polled by FactSet expected AU$4.48.For the 12 months ended June 30, revenue was AU$11.06 billion versus AU$10.55 billion previously, the Australia-listed electronics and entertainment products retailer added. Analysts surveyed by FactSet projected AU$11.12 billion.The board declared a final dividend of AU$1.27 per share, up from AU$1.05 a year earlier, payable Sept. 11 to shareholders of record as of Aug. 28.
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Asia
ASX Preview: Australian Shares Set to Fall as Oil Jumps on Renewed US-Iran Tensions; Southern Cross Media Group to Cut Up to 300 Jobs
Australian shares are poised to fall on Thursday as oil prices surged on renewed US-Iran tensions after US President Donald Trump warned that the US would attack Iran "very hard" if no peace deal is reached, heightening geopolitical risk and inflation concerns amid expectations of constrained global energy supplies.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell around 1.6%, 2%, and 1.9%, respectively.In the macroeconomy, investors are eyeing the release of the Melbourne Institute consumer inflation expectations report.In corporate news, Southern Cross Media Group (ASX:SXL) said it will cut between 250 and 300 full-time roles before June 30 as part of cost reduction program, resulting in fiscal 2026 restructuring charges of around AU$20 million.JB Hi-Fi (ASX:JBH) started a process to refund more than AU$250,000 to about 200 consumers after the Australian Competition and Consumer Commission raised concerns that the company may have misled consumers with pricing claims in advertisements.Australia's benchmark index rose 0.6% or 49.1 points to close at 8,653.30 on Wednesday.
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Asia
JB Hi-Fi to Refund AU$250,000 to 200 Consumers After ACCC Raises Misleading Advertising Concerns
JB Hi-Fi (ASX:JBH) started a process to refund more than AU$250,000 to about 200 consumers after the Australian Competition and Consumer Commission (ACCC) raised concerns that the company may have misled consumers with pricing claims in advertisements, according to a Thursday statement by the regulator.The ACCC said it monitored JB Hi-Fi's online product pricing from March 2025 to September 2025 and was concerned that the company promoted 17 products as discounted from a previous higher price, when the products were either never offered at the higher price, only offered at the higher price for a short period, or only offered at the higher price long before the promotion.The advertisements were for several products, including two laptops, a virtual reality headset, and a gaming monitor, with JB Hi-Fi having already provided some refunds automatically and contacted affected customers directly, the statement added.The ACCC has decided to resolve the matter administratively without taking further formal enforcement action, given the company's cooperation in the investigation, it added.
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Asia
JB Hi-Fi, Eagers Automotive, Lovisa, Domino's Trade Lower After Australia Hikes Minimum Wage
JB Hi-Fi (ASX:JBH), Eagers Automotive (ASX:APE), Lovisa Holdings (ASX:LOV), and Domino's Pizza Enterprises (ASX:DMP) were all trading lower on Tuesday afternoon after the Australian Fair Work Commission's (FWC) annual wage review raised pay for workers on minimum wage.The review gives minimum award workers a 4.75% increase to pay starting from July, with the FWC saying that Australia's monetary policy tightening will "undoubtedly slow down the economy in the year ahead."JB Hi-Fi shares fell past 4%, Eagers Automotive and Lovisa both shed nearly 4%, and Domino's Pizza declined almost 6%.
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Asia
JB Hi-Fi Posts Higher Fiscal Q3 Australia, New Zealand Sales
JB Hi-Fi (ASX:JBH) reported that its Australia sales for the fiscal third quarter rose 2.6% on a comparable basis, according to a Wednesday filing with the Australian bourse.The company's comparable sales in New Zealand rose past 15%, while The Good Guys comparable sales jumped 2.5%, the filing added. Sales from e&s fell 4.8%.
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