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On Aug. 4, 2015, $CTAS's BoD authorized a new $500MM share buyback program. Under the program, $CTAS purchased 1.4MM common shares for a total of $120MM during the period of Aug. 31 through Oct. 9. For 1Q16, $CTAS acquired 0.2MM common shares for a total of $19.1MM for employee payroll taxes due on restricted stock awards that vested during 1Q16.
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.