UK shares: why are the Pets at Home and Reach share prices soaring today?

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” UK shares: why are the Pets at Home and Reach share prices soaring today? Image source: Getty Images I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Our 6 ‘Best Buys Now’ Shares See all posts by Royston Wild Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Investors have piled into publishing giant Reach (LSE: RCH) on Friday following a lively trading update. The UK small-cap share was last trading 19% higher on the day and touching levels not seen since February 2014, at 210p.Reach — which publishes national newspapers such as The Express and The Mirror along with a gaggle of local newspapers — said that it “expects underlying operating profit for 2020 to be ahead of market expectations.” This should come in at between £130m and £135m, the publisher reckons, beating City consensus by around £10m.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The UK publishing share endured another difficult year for its print operations in 2020. Revenues here slumped 11.7% in the fourth quarter, though this was better than the 12.6% drop it booked in the prior three-month period.In better news…However, today’s release highlighted the stunning progress Reach is making on the digital side. Turnover here soared 24.9% between October and December, a vast improvement from the 13.4% increase in the previous three months. The business reached the critical milestone of 5m online customer registrations in December too.A combination of soaring digital sales and an improvement on the print side helped Reach’s total revenue decline of 14.8% in the third quarter improve to a 10.2% drop in quarter four. This gives it strong momentum moving into 2021.City analysts reckon Reach’s annual earnings will rise 7% next year, giving it a forward price-to-earnings (P/E) ratio of 6 times. This UK share carries a 3.5% dividend yield for 2021 too.Another soaring UK shareThe Pets at Home (LSE: PETS) share price hasn’t ripped as high as Reach today. But a 7% gain takes the petcare retailer to its most expensive ever, at around 450p.This UK share has made a habit of raising profits expectations in recent times. And it was at it again today. Pets at Home advised that “strong sales momentum” during the second quarter had accelerated through the October to December quarter. Indeed, Pets at Home said like-for-like revenues had grown by the “high-teens” last month.As a consequence, the pet food, animal accessories and veterinary care provider has improved its estimates for the full fiscal year to March. Provided there are no changes to its designation as an ‘essential’ retailer, and assuming there are no changes to the range of services its vets are permitted to carry out during the pandemic, that underlying full-year profit would be “at least” £77m. This includes the repayment of Covid-19 business rates relief of £28.9m that it previously announced.This follows Pets at Home’s September guidance that full-year profit would surpass broker expectations of £73m.City analysts expect the UK share to punch a 2% earnings dip in financial 2021. This leaves it trading on a forward P/E ratio of 30 times. It boasts a 1.8% dividend yield too. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Royston Wild | Friday, 8th January, 2021 | More on: PETS RCH last_img

Leave a Reply

Your email address will not be published. Required fields are marked *