Family Dollar Stores (FDO) to Release Earnings on Wednesday
Family Dollar Stores (NYSE:FDO) will release its earnings data on Wednesday, October 9th. Family Dollar Stores has set its Q4 guidance at $0.82-0.87 EPS.Investors interested in registering for the company’s conference call can do so using this link.
Family Dollar Stores (NYSE:FDO) last posted its quarterly earnings results on Wednesday, July 10th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts expect Family Dollar Stores to post $3.78 EPS for the current fiscal year and $4.13 EPS for the next fiscal year.
Family Dollar Stores (NYSE:FDO) opened at 70.63 on Tuesday. Family Dollar Stores has a 52-week low of $54.06 and a 52-week high of $75.29. The stock has a 50-day moving average of $72.18 and a 200-day moving average of $66.13. The company has a market cap of $8.122 billion and a P/E ratio of 19.95.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, September 11th.
A number of research firms have recently commented on FDO. Analysts at MKM Partners raised their price target on shares of Family Dollar Stores from $73.00 to $78.00 in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock. On a related note, analysts at Northcoast Research downgraded shares of Family Dollar Stores from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Family Dollar Stores in a research note to investors on Monday, September 23rd. They now have a $74.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and four have given a buy rating to the stock. Family Dollar Stores presently has a consensus rating of “Hold” and an average target price of $65.83.
Family Dollar Stores, Inc operates a chain of more than 7,400 general merchandise retail discount stores in 45 states, providing consumers with a selection of merchandise in neighborhood stores.
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