3 More FTSE 100 Shares For The Week Ahead

Published in Investing on 1 March 2013

Aviva plc (LON: AV), IMI plc (LON: IMI) and Schroders plc (LON: SDR) will reveal their figures next week.

The busiest period of the year for full-year results continues, as a host of major companies with years ending December and January open their books to us.

We've already looked at a number of FTSE 100 companies scheduled to release results next week, and here are three more, which are all due to report on Thursday:

Aviva

Results from Aviva (LSE: AV) (NYSE: AV.US) should be with us on Thursday. At 353p, the share price is up 38% from its June low of 255p, though it is down 5% over the past 12 months and down 3.4p today.

After years of falling earnings, the year to December 2012 is forecast to see a recovery back up near to pre-slump levels, with around 42p per share expected, putting the shares on a price-to-earnings (P/E) ratio of 8.3. But having said that, individual analysts' predictions are all over the show, so the so-called "consensus" is actually close to meaningless.

The one thing they do seem to agree on is a dividend of around 26p per share, representing a yield of 7.4%. But that is very high, and whether it is sustainable is anybody's guess.

IMI

Industrial engineer IMI (LSE: IMI) is next up on Thursday, and we should be expecting another decent year. Earnings for December 2012 should actually be pretty flat, but we should see an 8% rise in the full-year dividend to 32.5p per share (for a yield of 2.7%).

At the interim stage in November, we were told that performance was in line with expectations and that revenue for the 10 months to the end of October was 4% ahead of the previous year. With the second half being seasonally stronger in cash terms, IMI expects to end the year with net debt of between £150 million and £170 million.

IMI shares have had a very strong run since last summer, gaining 440p (57%) since a July low of around 775p, to 1,216p today.

Schroders

The last of our trio is investment manager Schroders (LSE: SDR), with full-year results due on the same day. Schroders shares have also had a good run, climbing from May 2012 levels of around 1,165p to 1,968p today -- a gain of nearly 70%.

Like many in the financial sector, Schroders has recovered well since the days of the financial crisis, with profits already back up to pre-crash levels. For 2012 there is a fall in earnings of around 10% expected, but the dividend should be up by around 4% to the 40p-per-share mark.

The nine months to September 2012 saw a fall in pre-tax profit from £317.3 million to £266 million, but the firm reported net inflows of £5.3 billion (against £5.1 billion for the same period in 2011), with assets under management up from £194.6 billion to £202.8 billion.

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> Alan does not own any shares mentioned in this article.

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Comments

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nnnnineteen 05 Mar 2013 , 10:08am

Been a holder of IMI for about two years, had a couple of big falls in that time, but a good company with a CEO who knows what he is doing and a good stock to own.

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