Wall Street brokers expect Franchise Group, Inc. (NASDAQ: FRG) to report $ 799.24 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have released estimates for Franchise Group profits. The lowest sales estimate is $ 790.00 million and the highest is $ 808.90 million. Franchise Group reported sales of $ 550.99 million in the same quarter of last year, indicating a positive growth rate of 45.1% year-over-year. The company is expected to announce its next earnings report on Wednesday, November 3.

Zacks says analysts expect Franchise Group to report annual revenue of $ 3.07 billion for the current fiscal year, with estimates ranging from $ 3.06 billion to $ 3.07 billion of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 3.30 billion, with estimates ranging from $ 3.27 billion to $ 3.33 billion. Zacks Investment Research sales averages are an average based on a survey of research analysts who cover Franchise Group.

Franchise Group (NASDAQ: FRG) last reported its results on Tuesday, August 3. The company reported EPS of $ 1.16 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.85 of $ 0.31. The company posted revenue of $ 862.76 million for the quarter, against analysts’ expectations of $ 794.09 million. Franchise Group had a net margin of 1.57% and a return on equity of 17.53%.

Several research firms have recently published reports on the RFA. Zacks Investment Research upgraded Franchise Group shares from a “sell” rating to a “keep” rating and set a target price of $ 39.00 on the stock in a report released on Tuesday, August 3. TheStreet downgraded Franchise Group shares from a “d +” rating to a “c-” rating in a research report released on Thursday, May 27. Oppenheimer assumed coverage of Franchise Group shares in a report released on Wednesday, June 16. They set a “buy” rating and a target price of $ 50.00 for the stock. Finally, Aegis began covering Franchise Group shares in a report on Wednesday, July 14. They set a “buy” rating and a target price of $ 50.00 on the stock. One analyst rated the stock with a conservation rating and six gave the stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 46.00.

NASDAQ: FRG shares opened at $ 34.73 on Wednesday. The company has a market cap of $ 1.40 billion, a PE ratio of 41.35, a price / earnings-growth ratio of 0.67, and a beta of 1.99. The company’s fifty-day moving average is $ 34.70 and its 200-day moving average is $ 36.07. The company has a debt ratio of 2.55, a quick ratio of 0.65, and a current ratio of 1.51. Franchise Group has a 52-week minimum of $ 21.50 and a 52-week maximum of $ 41.50.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15. Shareholders of record on Friday October 1 will receive a dividend of $ 0.375 per share. The ex-dividend date is Thursday, September 30. This represents an annualized dividend of $ 1.50 and a yield of 4.32%. The Franchise Group’s payout rate is currently 94.94%.

In other Franchise Group news, director Patrick A. Cozza bought 4,000 shares of the company in a transaction that took place on Wednesday, June 9. The stock was purchased at an average cost of $ 37.32 per share, for a total transaction of $ 149,280.00. As a result of the purchase, the director now directly owns 26,459 shares of the company, valued at $ 987,449.88. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 30.10% of the company’s shares.

Several hedge funds have recently changed their positions in RFA. Tradition Wealth Management LLC increased its stake in Franchise Group by 56.7% during the second quarter. Tradition Wealth Management LLC now owns 846 shares of the company valued at $ 30,000 after purchasing an additional 306 shares in the last quarter. Royal Bank of Canada increased its position in Franchise Group by 123.2% during the first quarter. Royal Bank of Canada now owns 1,511 shares of the company valued at $ 54,000 after acquiring 834 additional shares during the last quarter. Lazard Asset Management LLC purchased a new position in Franchise Group during the first quarter valued at $ 70,000. Ameritas Investment Partners Inc. increased its position in Franchise Group by 31.2% during the second quarter. Ameritas Investment Partners Inc. now owns 2,222 shares of the company valued at $ 78,000 after acquiring an additional 529 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Franchise Group during the second quarter for a value of $ 130,000. Hedge funds and other institutional investors hold 46.58% of the company’s shares.

Franchise Group Company Profile

Franchise Group, Inc. is a holding company that provides tax preparation services and related products and services. It operates through the following segments: Vitamin Shoppe, American Freight, Liberty Tax and Buddy’s. The Vitamin Shoppe segment is an omnichannel specialty retailer of vitamins, herbs, specialty supplements, sports nutrition and other health and wellness products.

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