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$BWA said it expects 1Q16 net sales growth of 8.3-13.3% compared with 1Q15 net sales of $1.984Bil. $BWA predicts 1Q16 EPS of $0.75-0.79, and EPS excluding the impact of Remy acquisition of $0.72-0.76, which is down 8-12% from 1Q15 EPS of $0.78. Operating income as a percentage of net sales is predicted to be over 12%.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.