4 Big-Name Earnings Reports to Watch This Week

Last week, there were several major earnings reports, including Apple (NYSE: AAPL), which reported a record number of iPhone sales. In last week’s article, we also highlighted tobacco companies Altria (NYSE: MO) and Phillip Morris (NYSE: PM) and drug manufacturer Merck (NYSE: MRK), which reported better-than-expected results. This week, we highlight some of the major dividend-paying stocks to watch as their quarterly financial results are released.

The Coca-Cola Co (NYSE: KO)
Coca-Cola will released its quarterly financial results before the opening bell on Thursday, February 9.The company is expected to report earnings-per-share of $0.36, which would be lower than last year’s EPS of $0.38. The stock was first purchased in 1988 by Warren Buffett’s Berkshire Hathaway, and still remains a top holding today. The stock has been down slightly over the last twelve months, but it is still a great opportunity for dividend investors.  The stock currently has a dividend yield of approximately 3.4% and has been raising its dividend every year since 1968. We expect Coca-Cola to announce its next dividend hike later this month. Coca-Cola is currently on our Top 100 Dividend Stocks list.
Quarter Ended Actual EPS Results Analyst Estimates
Sep 2016 (October release) 0.49 0.48
Jun 2016 (July release) 0.60 0.58
Mar 2016 (April release) 0.45 0.44
Dec 2016 (January release) 0.38 0.37
CVS Health Corp (NYSE: CVS)
CVS Health Corp will be reporting earnings before the opening bell on Thursday, February 9. The drug store company is expected to report earnings of $1.67 per share, which would be well above last year’s EPS of $1.53.  The company had a rocky year over the last twelve months, as its share price reacted to CVS’s competitors, Walgreen’s and Rite Aid, and their anticipated merger deal.  CVS offers a dividend yield of about 2.65% and has been raising its dividend consecutively since 2008. Over the last year,  CVS has met or exceed earnings every quarter. CVS is currently on our Top 100 Dividend Stocks list.
Quarter Ended Actual EPS Results Analyst Estimates
Sep 2016 (November release) 1.64 1.57
Jun 2016 (August release) 1.32 1.30
Mar 2016 (May release) 1.18 1.16
Dec 2016 (February release) 1.53 1.53
Walt Disney Co (NYSE: DIS)
Disney will be releasing its quarterly results after the closing bell on Tuesday, February 7. The entertainment company is expected to report earnings of $1.47, which would be lower than $1.63 per share, which was reported during the same period, a year ago.  Shares of Disney are up 18% in the last twelve months, as the stock surged after the election and the release of Rogue One: A Star Wars Story.  Disney isn’t a stock that is specifically targeted to dividend investors. The stock has a yield around 1.4% and has been boosting its dividend since 2002. Still, with that yield, investors are after after the stock for its dividend.
Quarter Ended Actual EPS Results Analyst Estimates
Sep 2016 (November release) 1.10 1.15
Jun 2016 (August release) 1.62 1.61
Mar 2016 (May release) 1.36 1.40
Dec 2016 (February release) 1.63 1.44
Occidental Petroleum Corporation (NYSE: OXY)
Occidental Petroleum will be reporting its quarterly earnings before the opening bell on Thursday, February 9. The company is expected to report a loss of $0.01 per share, compared to a loss of $0.17 per share, a year ago.  We recently featured Occidental Petroleum as our stock of the month due to its great dividend yield, low beta, and dividend history. In the last twelve months, the stock is up about 6%.  OXY has a dividend yield over 4% and has been raising its dividend every year for 23 years. Most recently, the company lifted its dividend 1% last July.
Quarter Ended Actual EPS Results Analyst Estimates
Sep 2016 (November release) -0.15 -0.15
Jun 2016 (August release) -0.18 -0.20
Mar 2016 (May release) -0.56 -0.41
Dec 2016 (February release) -0.17 -0.14

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