Big-Name Earnings Reports to Watch This Week From 4 Dividend Firms

earnings

Last week, we saw the earnings release of one of the most notable companies in America – Wal-Mart (NYSE: WMT). The discount retail saw its best quarterly financial results in over four years, reporting higher comparable store sales and beating analyst expectations.

This week is somewhat slow when it comes to major earnings releases. However, there are still several reports worth mentioning. Highlighting this week are Canadian banks, along with a few major retailers.

Toronto-Dominion Bank (NYSE: TD)
Toronto-Dominion Bank, otherwise known as TD Bank, will report its quarterly earnings after the closing bell on Thursday, March 2. The bank is expected to report earnings of $0.96 per share, which would be higher than $0.88 in the same quarter, a year ago. The stock is up about 7% in 2017.
TD is the second largest bank in Canada (behind Royal Bank of Canada), and it continues to expand in the United States. The stock has a dividend yield of about 3.15%. It has a solid dividend history, as it has been paying dividends for over 150 years.
Quarter Ended Actual EPS Results Analyst Estimates
October 2016 0.93 0.91
July 2016 0.97 0.93
April 2016 0.90 0.87
January 2016 0.88 0.87
Bank of Nova Scotia (NYSE: BNS)
Bank of Nova Scotia will released its quarterly financial results during premarket trading on Tuesday, February 28. The company is expected to report earnings of $1.17 per share, which is higher than $1.08 last year. The stock is up 10% in 2017.
Canadian banks are viewed much differently than U.S. banks, as their operations are much more conservative. The stock has a dividend yield of about 3.6%.
Quarter Ended Actual EPS Results Analyst Estimates
October 2016 1.21 1.13
July 2016 1.20 1.14
April 2016 1.11 1.09
January 2016 1.08 1.04
Target Corporation (NYSE: TGT)
Target will report earnings before the opening bell on Tuesday, February 28. Analysts expect Target to report earnings of $1.50 per share, above earnings in the same quarter last year of $1.52. The stock is down 8% in 2017.
Compared to the SPDR S&P Retail ETF (NYSE: XRT), which is down less than 1% this year, Target is underperforming its industry. Like its peers in the retail industry, Target has been faced with the continued challenge of brick and mortar. It has managed to maintain a solid dividend, though, as it pays a 3.6% yield and has been increasing its dividend annually since 1968.
Quarter Ended Actual EPS Results Analyst Estimates
October 2016 1.04 0.83
July 2016 1.23 1.14
April 2016 1.29 1.20
January 2016 1.52 1.54
Lowe’s Companies, Inc. (NYSE: LOW)
Lowe’s will report its quarterly earnings during premarket trading on Wednesday, March 1. The company is expected to report earnings of $0.79 per share, above last year’s earnings of $0.59. So far in 2017, the stock is up 7%.
Lowe’s and its biggest competitor Home Depot (NYSE: HD) have been positively impacted by a healthy housing market.  The stock offers a dividend yield of about 1.85%. It has been increasing its dividend annually for over 50 years.
Quarter Ended Actual EPS Results Analyst Estimates
October 2016 0.88 0.96
July 2016 1.37 1.42
April 2016 0.87 0.85
January 2016 0.59 0.59

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