Family Dollar Stores, Inc. (FDO) Updates Q4 Earnings Guidance
Family Dollar Stores, Inc. (NYSE:FDO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.75-0.85 for the period, compared to the Thomson Reuters consensus estimate of $0.78, AnalystRatingsNetwork.com reports.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a hold rating on shares of Family Dollar Stores in a research note on Tuesday. They now have a $59.00 price target on the stock, up previously from $57.00. On a related note, analysts at Zacks reiterated an underperform rating on shares of Family Dollar Stores in a research note on Thursday, June 19th. They now have a $61.00 price target on the stock. Finally, analysts at Bank of America reiterated an underperform rating on shares of Family Dollar Stores in a research note on Tuesday, June 10th. They now have a $53.00 price target on the stock. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. Family Dollar Stores currently has an average rating of Hold and an average price target of $61.29.
Family Dollar Stores, Inc. (NYSE:FDO) opened at 64.24 on Thursday. Family Dollar Stores, Inc. has a 52-week low of $55.64 and a 52-week high of $75.29. The stock’s 50-day moving average is $63.73 and its 200-day moving average is $61.98. The company has a market cap of $7.312 billion and a P/E ratio of 18.88.
Family Dollar Stores (NYSE:FDO) last posted its quarterly earnings results on Thursday, July 10th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.89 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that Family Dollar Stores, Inc. will post $3.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Friday, June 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, June 11th.
Family Dollar Stores, Inc (NYSE:FDO) operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.