Franchise Group, Inc. expects quarterly dividend of $ 0.38 (NASDAQ: FRG)
Franchise Group, Inc. (NASDAQ: FRG) declared a quarterly dividend on Tuesday, August 3, Zacks reports. Investors of record on Friday October 1 will receive a dividend of 0.375 per share on Friday October 15. This represents a dividend of $ 1.50 on an annualized basis and a return of 4.39%. The ex-dividend date for this dividend is Thursday, September 30.
Franchise Group has a payout ratio of 44.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Franchise Group to earn $ 3.86 per share next year, which means the company should continue to be able to cover its annual dividend of $ 1.50 with a future payout rate. expected to be 38.9%.
NASDAQ: FRG shares opened at $ 34.16 on Thursday. The company has a market cap of $ 1.37 billion, a price / earnings ratio of 40.67, a P / E / G ratio of 0.68, and a beta of 1.99. The company’s fifty-day moving average is $ 35.63. The company has a quick ratio of 0.70, a current ratio of 1.46 and a debt ratio of 2.68. Franchise Group has a 12 month minimum of $ 21.50 and a 12 month maximum of $ 41.50.
Franchise Group (NASDAQ: FRG) last released its quarterly results on Tuesday, August 3. The company reported earnings per share (EPS) of $ 1.16 for the quarter, beating the consensus estimate of $ 0.85 by $ 0.31. Franchise Group had a net margin of 1.57% and a return on equity of 18.25%. Sell-side analysts expect Franchise Group to post earnings per share of 3.37 for the current year.
RFA has been the subject of several recent research reports. Oppenheimer launched coverage on Franchise Group shares in a research report on Wednesday, June 16. They set a “buy” rating and a target price of $ 50.00 for the stock. TheStreet raised Franchise Group shares from a “d +” rating to a “c-” rating in a research report on Thursday, May 27. Aegis began covering Franchise Group shares in a research report on Wednesday, July 14. They set a “buy” rating and a target price of $ 50.00 for the stock. Finally, Zacks Investment Research upgraded Franchise Group shares from a “sell” rating to a “keep” rating and set a price target of $ 39.00 on the stock in a research report released Tuesday. . Two investment analysts gave the stock a conservation rating and six gave the stock a buy rating. Franchise Group currently has a consensus rating of “Buy” and a consensus price target of $ 44.38.
In related news, CEO Brian Randall Kahn bought 1,000,000 shares of Franchise Group in a transaction dated Friday, May 21. The stock was purchased at an average price of $ 36.00 per share, for a total transaction of $ 36,000,000.00. Following the acquisition, the CEO now directly owns 1,342,788 shares of the company, valued at $ 48,340,368. The acquisition was disclosed in a filing with the SEC, which is available through this link. In addition, director Patrick A. Cozza bought 4,000 Franchise Group shares in a transaction dated Wednesday, June 9. The stock was purchased at an average price of $ 37.32 per share, for a total value of $ 149,280.00. Following the acquisition, the Director now directly owns 26,459 shares of the company, valued at $ 987,449.88. Disclosure of this purchase can be found here. During the past 90 days, insiders have purchased 1,054,000 shares of the company valued at $ 37,949,280. Company insiders own 30.10% of the company’s shares.
About the franchise group
Franchise Group, Inc. operates as a retailer, franchisor operator and acquirer of franchise and franchisable businesses. It operates through 4 segments: Liberty Tax, Buddy’s, Sears Outlet and Vitamin Shoppe. The company provides tax preparation services in the United States and Canada; and franchises and operates option-to-buy rental stores that rent durable goods, such as electronics, home furnishings, appliances and household accessories to customers.
Featured Story: Cryptocurrencies
This instant news alert was powered by narrative science 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 are better buys.
See the 5 actions here