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

We highlighted three big-name dividend paying companies last week as they prepared to released their quarterly earnings. Although it is not the peak of earnings season, there are still notable releases each week.

Last week, restaurant company, Darden Restaurants (NYSE: DRI), reported higher profits that beat analysts’ expectations. The company also announced its plan to purchase Cheddar’s Scratch Kitchen. Shares are up 9% in the last 5 days.

Carnival Corp (NYSE: CCL) reported earnings last week, too. The cruise ship company beat analysts’ estimates and lifted its annual outlook for 2017.
Paychex (NYSE: PAYX) posted a 12% increase in profits and beat analysts’ view.
This week, there are a few notable earnings releases to watch.
Walgreens Boots Alliance Inc (NYSE: WBA)
Walgreens Boots Alliance will report earnings before the opening bell on Wednesday, April 5.  Analysts expect the retailer to report earnings of $1.36 per share, which would be above of the earnings reported in the same quarter last year, which was $1.31 per share.
There has been a lot of focus on the pending merger of Walgreens Boot Alliance and Rite Aid (NYSE: RAD).  Last week, a delay in the merger was reported.
On a dividend basis, the company offers a yield of about 1.80%, which is well below the drug store average, which is over 3%.  However, Walgreen’s has a great dividend history. It has been boosting its dividend consistently every year for over 40 years.
Quarter Ended Actual EPS Results Analyst Estimates
November 2016 $1.10 $1.09
August 2016 $1.07 $0.99
June 2016 $1.14 $1.18
February 2016 $1.31 $1.27
Monsanto Company (NYSE: MON)
Monsanto is set to release its financial results before the opening bell on Wednesday, April 5.  The company is expected to report earnings of $2.76 per share, which would be higher than the $2.42 per share reported last year.
The stock performance over the last twelve months has impressed investors, jumping 30%.  This performance has been driven by earnings growth.
The chemical company offers a dividend yield of approximately 1.90%. The company has been increasing its dividend every year since 2010.
Quarter Ended Actual EPS Results Analyst Estimates
November 2016 $0.21 -$0.03
August 2016 $0.07 -$0.02
June 2016 $2.17 $2.40
February 2016 $2.42 $2.45
Acuity Brands, Inc. (NYSE: AYI)
Acuity Brands will release its quarterly earnings before the opening bell on Tuesday, April 4. The company is expected to report earnings of $1.70 per share, which would be unchanged from the same time period, a year ago.
We highlight Acuity as one of the major companies reporting earnings this week, but it is not really ideal with dividend investors. Currently, the stock offers a dividend yield of about 0.25%. In 2008, Acuity lowered its quarterly dividend and was never able to increase it again.
Quarter Ended Actual EPS Results Analyst Estimates
November 2016 $1.88 $2.06
August 2016 $2.09 $2.27
June 2016 $1.49 $1.07
February 2016 $1.70 $1.50

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