Family Dollar Stores (NYSE:FDO) announced its earnings results on Wednesday. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.02, AnalystRatings.Net reports. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share.
Shares of Family Dollar Stores (NYSE:FDO) opened at 69.45 on Wednesday. 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 $72.15 and a 200-day moving average of $66.19. The company has a market cap of $7.987 billion and a P/E ratio of 19.10.
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 1.50%. The ex-dividend date of this dividend is Wednesday, September 11th.
FDO has been the subject of a number of recent research reports. 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 the ratings front, 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 given a hold rating and four have given a buy rating to the stock. Family Dollar Stores currently has an average 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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