3 Big-Name Earnings Reports To Watch This Week
This week, the earnings releases continue. Some of the most notable earnings reports for dividend investors to focus on are below.
Written by TheDividendManager.com
1. Darden Restaurants, Inc. (NYSE: DRI)
Darden will report its quarterly earnings before the opening bell on Tuesday, March 28. The restaurant company is expected to report earnings of $1.27 per share, above earnings of $1.21 per share, a year ago.
Darden is the parent company of several restaurant chains including Olive Garden, Longhorn Steakhouse, and Capital Grille. Shares have seen pretty good performance over the last year as the company is now benefiting from its divestiture of Red Lobster. The company also benefited from the "Trump Rally."
The stock also has a great dividend, which yields at around 3%. Darden has been paying a dividend since 1995. The company, however, has not been consistent with increasing its payout on an annual basis. The stock is up about 17% in the last twelve months and 6% in 2017.
2. Carnival Corp (NYSE: CCL)
Carnival will report its quarterly results before the opening bell on Tuesday, March 28. The company is expected to report earnings of $0.35 per share, down from last year's earnings of $0.39 per share.
The company has done a great job beating analysts' estimates over the last couple years. In addition, the stock is expected to continue along this trend. The stock is up about 20% in the last twelve months and 12% year-to-date.
As for its dividend, Carnival offers a great yield - at around 2.4%. The stock has paid a dividend since 2003.
3. Paychex, Inc. (NASDAQ:PAYX)
Paychex will report its quarterly results before the opening bell on Wednesday, March 29. The company is expected to report earnings of $0.54 per share, which would be higher than last year's earnings of $0.50 per share.
The company has seen growth in outsourcing services, which is expected to have a positive impact on its bottom line. The stock is up approximately 14% in the last twelve months and 1% year-to-date.
The company currently offers a dividend with a yield around 3%. It has been increasing its dividend on an annual basis since 2011.
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