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$MHK expects 1Q16 EPS to be $2.24-2.33 per share, up 32-37% over 1Q15, excluding any restructuring, acquisition and other charges. In FY16, $MHK will invest an additional $600-650MM in internal projects, which include increased ceramic capacity and upgrades in the US, Mexico, Europe and Russia.
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.