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Actionable news in MDT: MEDTRONIC PLC,

Top 6 Earnings Coming This Week

Looking ahead to this shortened trading week, 24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results. We are just exiting earnings season, but some companies still report in this down time. Both the S&P 500 and the Dow Jones Industrial Average are closing in on their highs for this year as well. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

Medtronic

On Tuesday, Medtronic PLC (NYSE: MDT) will share its most recent quarterly results. The consensus estimates call for earnings per share (EPS) of $1.26 and $7.49 billion in revenue. The company has dominated in medical devices, now with a $113 billion market cap. In June of 2015, its dividend hike took the payout ratio to approximately 35%, with a 40% goal in the coming years. It also marked the 38th consecutive year of dividend hikes. Based on this, we might expect another dividend hike in the future.

Shares traded at $81.67 on the close on Friday, in a 52-week trading range of $55.54 to $82.00. The stock has a consensus analyst price target of $85.00.

Michael Kors

Scheduled to reveal its fiscal fourth-quarter results on Wednesday is Michael Kors Holdings Ltd. (NYSE: KORS). The consensus estimates call for $0.97 in EPS, as...


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