3 notable companies report earnings this week – retailer Tiffany & Co. (NYSE: TIF), technology company Oracle Corporation (NYSE: ORCL), and consumer goods company Williams-Sonoma, Inc. (NYSE: WSM).
Written by Timothy McIntosh (TheDividendManager.com)
1. Tiffany & Co. (NYSE: TIF)
Tiffany & Co. will report earnings before the opening bell on Friday, March 17. The jewelry company is expected to report quarterly earnings of $1.37 per share, which would be lower that last year’s result of $1.46 per share…[and has already reported that it expects slower sales in 2017 but has recently recruited several new members to its management. With its recent performance, it is clear that investors are optimistic.
The stock has been a great performer, up about 24% in the last twelve months, up about 15% YTD, is currently trading at 22 times its future earnings estimates and currently offers a dividend yield around 2%…[which it has been increasing] every year since 2010 (typically by about 9%).
2. Oracle Corporation (NYSE: ORCL )
Oracle will report quarterly earnings after the market close on Wednesday, March 15. The technology company is expected to report earnings…of $0.55 per share, lower than $0.57, a year ago.
The company, like many of the big-name companies from the dot-com craze in the late 1990s, has been trying to remain relevant in the new era of technology. This has transitioned a lot of focus to its cloud business. In this upcoming earnings report, many investors will keep its cloud business as a main focus.
Oracle currently offers a dividend yield about 1.4%, which is above the average of its peers, which is less than 1%. The stock pays a $0.15 quarterly dividend, which it has maintained since 2015. Shares of Oracle are up 10% in the last twelve months. The stock is currently trading at 15 times its future earnings estimates.
3. Williams-Sonoma, Inc. (NYSE: WSM)
Williams-Sonoma will report earnings after the closing bell on Wednesday, March 15. The home goods retailer is expected to post quarterly earnings of $1.52 per share. This would be slightly below of the $1.55 per share reported in the same quarter, last year.