5 FTSE Dates for Your June Diaries
LONDON -- After a busy month for company results in May, with many reporting for the year or quarter ending 31 March, 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.
We have already had a quick look at three pieces of news expected next week, so here's a glance at some key dates for the rest of the coming month:
Wednesday June 12, Sainsbury
In May, J. Sainsbury reported full-year results for the year to 16 March, 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 pounds, after sales grew by 4.6%, to 25.6 billion pounds. With performance like this, it's no wonder Sainsbury's shares are up 30% over the past 12 months, to 377 pence.
The results extended a remarkable run to 33 straight quarters, in which Sainsbury's has lifted its like-for-like sales -- will that continue on to 34? We should know on 12 June, when we get a first-quarter trading update. Analysts are positive about the full year, forecasting a 6% rise in earnings per share.
Thursday June 13, Home Retail
Shares in Home Retail , the owner of Argos and Homebase, have doubled over the past 12 months, to 157 pence, even though the company told us of a 10% fall in underlying pre-tax profit when it reported full-year results on 1 May. Weak consumer spending hit B&Q profits, which slumped more than 50%, to just 11 million pounds.
But, on the other hand, the recovery at Argos has been spectacular -- operating profit was up 10%, to 91million pounds, 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.
Wednesday June 19, Micro Focus
Shares in Micro Focus International have had a pretty good year, gaining 55% since this time last year, to 684 pence. 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.
Thursday June 20, Dixons
It's full-year results time for Dixons Retail on 20 June, and a trading update released on 16 May 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, to 41.5 pence.
Originally slow to embrace online retailing, Dixons told us that multi-channel like-for-like sales up were 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.
Thursday June 20, Ashtead
The same day will bring us annual results for Ashtead Group , the firm that supplies rental equipment to construction and other businesses in the U.S. and the U.K. And if you want to see a healthy share price growth, look no further -- Ashtead shares are up 180% over the past 12 months, to 640 pence, 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%.
Finally, if you're looking for top quality investments in the U.K.'s biggest and best companies, which should take you all the way to a comfortable retirement, I recommend the Fool's special new report detailing five blue-chip shares. They'll be familiar names to many, and they've already provided investors with decades of profits.
But the report will only be available for a limited period, so click here to get your hands on these great ideas -- they could set you on the road to long-term riches.
The article 5 FTSE Dates for Your June Diaries originally appeared on Fool.com.Alan Oscroft does not own any shares mentioned in this article. The Motley Fool recommends Micro Focus International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.