Big-Name Earnings Reports to Watch This Week for 3 Dividend Paying Firms

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We highlighted three well known dividend stocks last week, as they prepared for their quarterly earnings reports. Last week, companies reporting financial results included jewelry maker Tiffany & Co (NYSE: TIF), which beat estimates and reporting growth in Asia. Oracle Corporation (NYSE: ORCL) also reported earnings, which also beat analysts’ projections and reported a 73% increase in revenue from its cloud services. Lastly, Williams-Sonoma, Inc. (NYSE: WSM) also posted a positive quarter, indicating that it is still a relevant retail company. In addition, the company announced a 5% hike to its quarterly dividend.

This week, the earnings releases continue, which results from several companies that are important to dividend investors. In the mix are two consumer goods companies and a technology firm.

General Mills, Inc. (NYSE: GIS)
General Mills will report its quarterly results before the opening bell on Tuesday, March 21. The packaged food company is expected to report earnings of $0.71 per share, above earnings of $0.65 per share posted in the same quarter, a year ago.
The stock took a hit last year due to weak revenue. However, General Mills has improved its outlook and gained back some confidence from investors. It has focused a lot more attention on its organic foods business to keep up with trends, although it still amounts to a very small part of its overall business.
General Mills has an excellent dividend reputation, too. It has been paying a dividend for well over 100 years and has been raising its dividend each year since 2004. Currently, the stock has a dividend yield over 3%, which is a great opportunity for investors.
Quarter Ended Actual EPS Results Analyst Estimates
October 2016 $0.76 $0.67
July 2016 $0.84 $0.71
April 2016 $0.64 $0.68
January 2016 $1.46 $1.40
Nike Inc (NYSE: NKE)
Nike will report its quarterly financial results after the closing bell on Tuesday, March 21. The athletic apparel company is expected to post earnings of $0.52 per share, below last year’s report of $0.55 per share.
The share price is down year-over-year, but it has performed in-line with the retail industry and the SPDR S&P Retail ETF (NYSE: XRT). One of Nike’s biggest competitors, Finish Line (NYSE: FINL) will also report earnings this week.
The company currently offers a dividend yield of about 1.25% (the average among its peers is approximately 1.15%). It has been boosting its dividend every year since 2009.
Quarter Ended Actual EPS Results Analyst Estimates
November 2016 $0.50 $0.43
August 2016 $0.73 $0.56
June 2016 $0.49 $0.48
February 2016 $0.55 $0.48
Accenture Plc
Accenture (NYSE: ACN) will report is quarterly financial results before the opening bell on Thursday, March 23. The company is expected to post earnings of $1.30 per share, down from last year’s earnings of $1.34 per share.
Shares of Accenture have perform in-line with the overall market over the last year. However, the outsourcing/business services industry has seen sluggish growth.
The company initiated its annual dividend in 2006. In 2010, Accenture switched to a semi annual dividend schedule. It has been increasing its dividend annually since 2010. The stock currently offers a dividend yield of about 2%.
Quarter Ended Actual EPS Results Analyst Estimates
November 2016 $1.58 $1.49
August 2016 $1.31 $1.30
June 2016 $1.41 $1.41
February 2016 $1.34 $1.18

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