Jefferies analysts reduced estimates on Family Dollar Stores, Inc. (FDO) on Tuesday. They cite an unfavorable mix and clearance pressure for the earnings cut.
The analysts maintain a “Hold” rating on FDO and cut its second quarter EPS estimates from $1.27 to $1.20. Fiscal 2013 estimates were cut from $3.98 to $3.90; fiscal 2014 estimates were cut from $4.39 to $4.32.
Jefferies analyst Daniel Binder commented, “We are reducing our Q2 sales expectations modestly, along with our margin assumptions as we anticipate an unfavorable mix and clearance pressure. SG&A comparisons are challenging, too, so we are now modeling slightly below the Street for Q2. FDO shares could trade in a narrow range as investors discount earnings downside risk in a space that has remains under pressure.”
Family Dollar shares were inactive during pre-market trading on Monday. The stock is down -6.34% year-to-date.
The Bottom Line
Shares of Family Dollar (FDO) have a dividend yield of 1.75% based on last night’s closing price of $59.39 and the company’s annualized dividend payout of $1.04 per share.
Family Dollar Stores, Inc. (FDO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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