EMC Corporation (NYSE:EMC), Eli Lilly & Co. (NYSE:LLY), Elan Corporation, plc (ADR) (NYSE:ELN) and Dr Pepper Snapple Group Inc. (NYSE:DPS) are each scheduled to report its financial earnings result for the second quarter of the current fiscal year on Wednesday, July 24.
EMC Corporation (EMC)
The consensus opinion is presently 42 cents a share, a progression of 3 cents (7.1 percent) from 39 cents during the corresponding period last year. Estimates from analysts range from a low of 39 cents per share, up to the highest estimate of 45 cents per share.
EMC Corporation (NYSE:EMC) distributes 40 cents a year in dividends for a yield of 1.6 percent.
36 analysts rate EMC a buy or strong buy out of 41 analysts. The company has 5 holds, and not one sell rating.
13 out of 41 analysts now rate EMC Corporation (NYSE:EMC) a strong buy up from 12 analysts a month ago. In the last 12 months, the shares have modestly moved higher. The one year return is 7 percent, and the average analyst target price for EMC is $29.38.
Eli Lilly & Co. (LLY)
Strong second-quarter earnings growth is expected by Wall Street before the market opens on July 24, 2013. The consensus mean is $1 a share, a gain of 17 cents (17 percent) from 83 cents during the corresponding quarter last year. Analysts are estimating as low as 94 cents per share, up to the most optimistic estimate of $1.05 per share.
Eli Lilly & Co. (NYSE:LLY) pays $1.96 annually in dividend payments. The yield based on a recent price is 3.8 percent.
Analyst opinion is mixed. Most of the analysts surveyed don’t believe a buy or a sell should be made at this point. As I write this, Eli Lilly has 7 buy recommendations out of 19 analysts covering the company, 10 holds, and 2 recommend selling. Analysts may have missed a good one. In the last 12 months, the shares have really moved higher. The one year return is 20 percent, and the average analyst target price for Eli Lilly & Co. (NYSE:LLY) is $56.66.
Elan Corporation, plc (ELN)
Elan Corporation, plc (ADR) (NYSE:ELN) is expected to report earnings on July 24. The report will be for the fiscal quarter ending June 2013. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.05. The reported EPS for the same quarter last year was $-0.05.
Dr Pepper Snapple Group Inc. (DPS)
Dr Pepper Snapple Group Inc. (NYSE:DPS) last released its earnings data on Wednesday, April 24. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.05. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share.
The company’s quarterly revenue was up 1.3 percent on a year-over-year basis. Dr Pepper Snapple Group has set its FY13 guidance at $3.04-$3.12 EPS. On average, analysts expect Dr Pepper Snapple Group to post $3.09 EPS for the current fiscal year and $3.32 EPS for the next fiscal year.
A number of research firms have recently commented on DPS. Analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) in a research note to investors on Thursday, June 20. They now have a $49.00 price target on the stock. On a related note, analysts at Credit Suisse Group AG (NYSE:CS) reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note to investors on Wednesday, June 19. They now have a $50.00 price target on the stock.
Finally, analysts at BMO Capital Markets initiated coverage on shares of Dr Pepper Snapple Group in a research note to investors on Tuesday, May 21. They set a “market perform” rating and a $48.00 price target on the stock.