Azzet reports on three stocks with price moving updates today.
ResMed rallies on December quarter update ~
Shares in Resmed (ASX: RMD) were trading 3.7% higher by 2:20 pm AEDT (3:20 am GMT) after the sleep disorder treatment company posted a December quarter update that beat consensus at both the top and bottom lines.
Underpinning the strong quarterly update was increased demand for its portfolio of sleep devices, masks, and accessories, with total sales of US$1.42 billion, up 11% on the previous period and 2% ahead of consensus.
Adjusted profit for the quarter reached $2.81 per share, also surpassing analyst estimates of $2.72.
Masks sales of US$530 million, up 4% above expectations - while core gross margin, up 320 basis points - was also a beat by 20 basis points - and should go some way to calming investor concerns over masks ex-U.S., where the last quarter was weak.
Commenting on today’s update, ResMed’s CEO, Mick Farrell, told the market that second-quarter results demonstrated the strength and resilience of its global business.
“Year-over-year, we delivered 11% headline revenue growth, 310 basis points of non-GAAP gross margin expansion, and continued operating excellence, resulting in another quarter of mid-teens non-GAAP EPS growth,” he said.
“These results reflect strong ongoing demand for our market-leading sleep and respiratory care devices, as well as the growing impact of our digital health ecosystem that spans more than 140 countries.”
Farrell also flagged a continued investment in innovation - to scale its digital health capabilities and expand global access to life-saving care - as its moves into 2H FY26.
Today’s highlights include:
- Net income for the three months ending December 31 climbed 14% to $392.6 million.
- Revenue in the U.S., Canada, and Latin America, excluding Residential Care Software, grew by 11% over the previous period.
- Revenue in Europe, Asia, and other markets, excluding Residential Care Software, grew by 6% in constant currency.
- Residential Care software revenue increased 5% on a constant currency basis.
- The company recorded a gross margin of 61.8%, or 62.3% on a non-GAAP basis.
- ResMed posted an 18% increase in income from operations and a 19% increase in non-GAAP income from operations.
- Diluted earnings per share came in at $2.68, with non-GAAP diluted earnings per share coming in at $2.81.
The stock’s share price has been on a roller-coaster ride since slumping to its most recent low of $35.94 at the end of last year, but since then, the stock has been giving back its mid-January gains.
Given that analysts view the company as approximately 12% to 18% undervalued, ResMed could - underpinned by its strong financial health - be seen as an attractive potential takeover target in 2026.
Meanwhile, is currently executing its own "targeted acquisitions" to drive growth.
Despite a strong Q2 2026 earnings beat, the stock has remained within its 52-week range, which suggests the market isn’t ready to fully price in its improved margins and operational efficiency.
ResMed has a market cap of $22 billion; the share price is up 4.77% in the last month but down 6% on one year.
The stock’s shares appear to be in a near-term downtrend, confirmed by its 20-day moving average.
Consensus is Moderate Buy.
Nine Entertainment jumps after announcing major acquisition/offload
Shares in Nine Entertainment (ASX: NEC) were trading around 3.9% higher after Australia's largest locally owned integrated media company flagged to the market a major shift in strategic direction through a transformational acquisition and the sale of its broadcast radio assets.
First, the Acquisition: The group is using existing debt facilities and cash reserves to fund the $850 million acquisition of digital outdoor media platform QMS Media - a leading digital outdoor media platform with operations in Australia and NZ - from Quadrant Private Equity.
As well as strengthening its digital advertising exposure, the acquisition of QMS Media is expected to lift digital growth businesses to more than 60% of group revenue by fiscal year FY27.
Commenting on today’s update, management told the market that QMS adds a digitally focused and growing media platform that complements Nine's existing media assets, while also benefiting from being part of the broader Nine Group.
The outdoor media platform is understood to have grown by about 9% annually over the past decade, with its share of the Australian advertising market expanding from 10% to 18% over that period.
“Outdoor is expected to remain resilient to the impact of the global digital platforms and the impact of AI, both of which represent challenges to other segments of the media marketplace,” management noted.
The group expects QMS to generate around $105 million in earnings in CY26, a double-digit increase over the previous year.
The consolidation of back-office functions, technology infrastructure, procurement efficiencies and the switching of marketing spend into QMS is also expected to deliver around $20 million in annual cost savings by FY29.
Coinciding with this acquisition is the group’s decision to offload its radio arm to the Laundy family - and shift its regional television business to an affiliate model – for $56 million.
It’s understood that the Laundy Family Office will pay a cash and debt-free enterprise value of $56 million for Nine’s radio assets.
But despite selling its broadcast assets, Nine remined the market it would retain a growing presence in the digital audio market by leveraging the group's video production and distribution capabilities, through podcasts, text-to-audio and vodcast.
Nine CEO Matt Stanton told the market that today's announcements mark a critical milestone in its Nine2028 transformation.
“These transactions will create a more efficient, higher-growth, and digitally powered Nine group for our consumers, advertisers, shareholders and people,” he said.
“This positions Nine well for the future, enabling the group to withstand industry disruption and deliver long-term sustainable value to our shareholders.”
Meanwhile, Nine also announced plans to convert NBN Television into an affiliate operated by WIN Network, sharpening its focus on metropolitan and digital markets.
The stock’s share price tumbled over 35% on September 11, 2025, after trading ex-dividend for a monster special dividend and a final dividend.
However, since then, shareholders have witnessed something akin to a ‘dead cat bounce’, struggling to remain above the 11 September low.
While the group reported a 2% increase in revenue to $2.7 billion for FY25, group earnings fell by 6% to $486 million, while net profit after tax dropped by 10% to $194.4 million.
Nine Entertainment has a market cap of $1.8 billion; the share price is down 17% in one year and up 2% year to date.
Sentiment among investors has been weak, resulting in a bearish sloping 200-day moving average.
More recently, the stock has fallen dramatically enough to register in the oversold region of the Stochastic Oscillator.
This is positive in that it means the recent momentum is unsustainable and there could be a near-term rally.
Consensus is Moderate Buy.
Native Mineral Resources skyrockets after flagging refined gold delivery and operational upgrades
Shares in Native Mineral Resources (ASX: NMR) were up around 22.4% in afternoon trading after the Australian gold-focused mining company reported a strong start to 2026 with a record gold smelt at its Blackjack Gold Operations in Queensland.
The miner poured six gold doré bars totalling 1,474.9 ounces on 28 January, taking cumulative gold outturn revenue to around $10 million.
Commenting on today’s update, CEO Blake Cannavo told the market that the record pour demonstrates growing momentum at Blackjack and reflects the company’s focus on converting early success into consistent, repeatable performance.
Meanwhile, within the December quarterly activities report, the miner told the market that Blackjack delivered 929.42 ounces of refined gold, with 49,281.44 dry tonnes milled.
The average mill throughput rate was 32.12 tonnes per hour, and the average reconciled plant recovery was an impressive 95.3%.
A planned shutdown in October/November allowed for crucial ball mill lubrication upgrades and bearing relining to enhance long-term reliability.
The company has recommenced drill-and-blast activities at the Blackjack pit following a mine design review and is finalising Stage 3 tailings storage facility (TSF) works while progressing design for a Stage 4 lift and a new TSF to support medium- to long-term operations.
The Blackjack Tailings Storage Facility (TSF) saw 95.1% completion of the upstream lift by the end of December.
Meanwhile, Blackjack South Pit mining was paused in mid-October for a design review, with recommencement targeted for late January 2026, supported by a new geology/mining team and AMC Consultants.
The company also divested its Palmerville tenements, enabling it to focus on the Charters Towers operations.
In addition to its Blackjack Gold Operations, the miner’s broader regional portfolio includes the Granite Castle, Great Britain and Far Fanning deposits, as well as joint venture interests in the Ravenswood Gold Project.
Native Mineral Resources has a market cap of $80 million; the share price is up 70% in one year and up 39% in the last week.
The stock’s shares appear to be weak with little demand from investors. The 200-day moving average is downward sloping, and the recent price action has also been weak.
Consensus does not cover this stock.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
