$ 799.24 million in expected sales for Franchise Group, Inc. (NASDAQ: FRG) this quarter
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.
Further reading: What is the cost of capital?
Get a Free Copy of Zacks’ Research Report on Franchise Group (FRG)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Franchise Group now?
Before you consider Franchise Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of … and Franchise Group was not on the list.
While Franchise Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks to be better buys.
See the 5 actions here