Nomura Securities Maintains a 'Neutral' on Family Dollar Stores (FDO); Q3 Preview
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Price: $79.39 --0%
Rating Summary:
0 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Family Dollar Stores Inc. (NYSE: FDO) price target of $60.00.
ANalyst, Aram Rubinson, said, "FDO plans to report FQ3 results on Thurs morning. Our $1.03 estimate presumes a 5% comp and is 4 cents below consensus. We assume modest comp acceleration from FQ2, however, our checks suggest commentary around recent sales trends may be even more encouraging when FDO provides its outlook. If sales accelerate with too heavy of a concentration in low-margin products, earnings growth in our model simply struggles to get traction. F12E/F13E EPS of $3.56/$3.95 vs. Street $3.63/$4.18. With the stock at 8.6x our ’13 EBITDA estimate, we maintain a Neutral rating."
For an analyst ratings summary and ratings history on Family Dollar Stores Inc. click here. For more ratings news on Family Dollar Stores Inc. click here.
Shares of Family Dollar Stores Inc. closed at $70.43 yesterday.
ANalyst, Aram Rubinson, said, "FDO plans to report FQ3 results on Thurs morning. Our $1.03 estimate presumes a 5% comp and is 4 cents below consensus. We assume modest comp acceleration from FQ2, however, our checks suggest commentary around recent sales trends may be even more encouraging when FDO provides its outlook. If sales accelerate with too heavy of a concentration in low-margin products, earnings growth in our model simply struggles to get traction. F12E/F13E EPS of $3.56/$3.95 vs. Street $3.63/$4.18. With the stock at 8.6x our ’13 EBITDA estimate, we maintain a Neutral rating."
For an analyst ratings summary and ratings history on Family Dollar Stores Inc. click here. For more ratings news on Family Dollar Stores Inc. click here.
Shares of Family Dollar Stores Inc. closed at $70.43 yesterday.
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