5 UK Stocks with Big News in June
06/07/2013 7:00 am EST
Get your calendar ready...these five could rise or fall significantly based on events later this month, writes Alan Oscroft of The Motley Fool UK.
After a busy month for company results in May, with many reporting for the year or quarter ended March 31, things are going to be a bit quieter during June. But we're still going to have some important dates for investors, and we'll keep you updated as they come along.
Here's a glance at some key dates for the rest of the coming month:
June 12, Sainsbury's
In May, J Sainsbury (London: SBRY) reported full-year results for the year to March 16, and they looked good.
Telling us of "significant market outperformance," the supermarket chain reported a 6.2% rise in underlying pre-tax profit to £756 million ($1.15 billion), after sales grew by 4.6% to £25.6 billion. With performance like this, it's no wonder Sainsbury's shares are up 30% over the past 12 months.
The results extended a remarkable run to 33 straight quarters in which Sainsbury's has lifted its same-store sales, so will that continue on to 34? We should know on June 12, when we get a first-quarter trading update. Analysts are positive about the full year, forecasting a 6% rise in earnings per share.
June 13, Home Retail
Shares in Home Retail (London: HOME), the owner of stores like Argos and Homebase, have doubled over the past 12 months to 157p, even though the company told us of a 10% fall in underlying pre-tax profit when it reported full-year results on May 1.
Weak consumer spending hit B&Q profits, which slumped more than 50% to just £11 million. But on the other hand, the recovery at Argos has been spectacular-operating profit was up 10% to £91 million at the division that many people had written off as a has-been.
The first rise in earnings per share for years is forecast for February 2014, and we should get an update on how things are going with the firm's first interim statement of the current year on the 13th.
June 19, Micro Focus
Shares in Micro Focus International (London: MCRO) have had a pretty good year, gaining 55% since this time last year. And that's down to years of very strong growth and positive forecasts-with the exception of a flat 2011, earnings have been rising by around 30% or more for the past few years.
Earnings growth is expected to fall below that, but analysts are forecasting 4% this year and 18% next, putting the shares on a price-to-earnings ratio of under 14 for April 2013, falling to 11.5 for 2014.
In its third-quarter update in February, Micro Focus told us that earnings were going to be in line with market expectations for the full year, so we really shouldn't be getting any surprises.
June 20, Dixons
It's full-year results time for Dixons Retail (London: DXNS), and a trading update released on May 16 told us of a "strong performance across the year" as the company progresses with an impressive turnaround. And that has helped the share price to nearly triple over the past 12 months.
Originally slow to embrace online retailing, Dixons told us that multi-channel sales were up 7% for the full year and 11% for the final quarter. Strong cash generation has enabled Dixons to end the year in a net cash position. Forecasts suggest 9% earnings growth this year and 75% next year-and I wouldn't bet against it.
June 20, Ashtead
The same day will bring us annual results for Ashtead Group (London: AHT), the firm that supplies rental equipment to construction and other businesses in the US and the UK.
And if you want to see a healthy share price growth, look no further—Ashtead shares are up 180% over the past 12 months, and have more than six-bagged since August 2011.
There's a 75% rise in earnings forecast for the year to April, and at third-quarter time everything was up nicely—revenue up 19%, underlying pre-tax profit up 85%, and underlying earnings per share up 83%.