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For FY16, $SONC expects Capex to be $35-40MM and free cash flow to be about $75-80MM. Income tax rate is expected to be 35.5-36.5%. $SONC has planned a repurchase of at least $126MM of stock across the fiscal year and an expected quarterly cash dividend of $0.11 per share.
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.