Want to join the conversation?
$WAT said it expects its full year operating tax rate to come in at 13-14%. The company plans to continue its share repurchase program through 2016 at a rate that it expects will result in an average diluted share count of about 81MM shares outstanding. Full-year 2016 non-GAAP fully diluted EPS is projected to be within a range of $6.20-6.40.
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.