Franchise Group, Inc. (NASDAQ: FRG) Expected to Post Earnings of $ 0.87 Per Share
Stock analysts expect Franchise Group, Inc. (NASDAQ: FRG) to report earnings of $ 0.87 per share for the current quarter, according to Zacks. Three analysts have released estimates for Franchise Group earnings, with the highest EPS estimate at $ 1.00 and the lowest estimate at $ 0.80. Franchise Group reported earnings per share of $ 0.53 in the same quarter last year, suggesting a positive year-over-year growth rate of 64.2%. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect Franchise Group to report annual earnings of $ 3.37 per share for the current fiscal year, with EPS estimates ranging from $ 3.35 to $ 3.41. For next year, analysts expect the company to post earnings of $ 3.86 per share, with EPS estimates ranging from $ 3.76 to $ 4.07. Zacks earnings per share averages are an average based on a survey of sales analysts who provide cover for Franchise Group.
Franchise Group (NASDAQ: FRG) last reported its results on Thursday, May 6. The company reported earnings per share (EPS) of $ 0.90 for the quarter, beating the consensus estimate of $ 0.87 by $ 0.03 by the Zacks. Franchise Group had a negative net margin of 0.95% and a positive return on equity of 11.75%. The company posted revenue of $ 621.35 million in the quarter, compared to analysts’ estimates of $ 709.82 million. The company’s turnover is up 23.5% compared to the same quarter last year.
The RFA has been the subject of several recent analyst reports. Zacks Investment Research downgraded Franchise Group’s rating from a “buy” rating to a “keep” rating in a report released on Monday, May 31. Oppenheimer assumed cover of Franchise Group in a report on Wednesday, June 16. They set a “buy” rating and a target price of $ 50.00 for the business. B. Riley increased his Franchise Group price target from $ 38.00 to $ 46.00 and gave the stock a “buy” rating in a research report on Thursday, March 11. DA Davidson increased its price target on Franchise Group from $ 40.00 to $ 49.00 and gave the company a “buy” rating in a research report on Thursday, March 11. Finally, TheStreet upgraded Franchise Group from a “d +” rating to a “c-” rating in a Thursday May 27th research note. Two research analysts rated the stock with a conservation rating and five gave the company’s stock a buy rating. The stock currently has a consensus rating of “Buy” and an average price target of $ 43.71.
Franchise Group stock traded up $ 0.72 at midday on Thursday, reaching $ 35.99. The company had a trade volume of 1,683 shares, compared to an average volume of 234,683. The company has a debt to equity ratio of 2.68, a quick ratio of 0.70 and a current ratio of 1.46. The stock has a market cap of $ 1.45 billion, a PE ratio of -53.82, a price / earnings-growth ratio of 0.70, and a beta of 1.99. The company has a fifty-day moving average of $ 36.72. Franchise Group has a one-year minimum of $ 19.50 and a one-year maximum of $ 41.50.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 15. Shareholders of record on Thursday, July 1 will receive a dividend of $ 0.375. This represents a dividend of $ 1.50 on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Wednesday June 30. The Franchise Group’s payout rate is 94.94%.
In related news, Executive Vice President Andrew M. Laurence bought 50,000 shares of the company in a transaction dated Tuesday, June 1. The stock was purchased at an average price of $ 36.00 per share, for a total transaction of $ 1,800,000.00. Following the purchase, the Executive Vice President now directly owns 400,750 shares of the company, valued at approximately $ 14,427,000. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available on the SEC website. In addition, Director Patrick A. Cozza acquired 4,000 Franchise Group shares in a transaction that took place on 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 finalization of the purchase, the Director now directly owns 26,459 shares of the company, valued at approximately $ 987,449.88. Disclosure of this purchase can be found here. During the last quarter, insiders acquired 1,054,000 shares of the company valued at $ 37,949,280. Company insiders own 30.10% of the company’s shares.
Large investors have recently changed their holdings in the company. SG Americas Securities LLC purchased a new position in Franchise Group shares in the fourth quarter valued at approximately $ 142,000. The Swiss National Bank purchased a new position in Franchise Group during the fourth quarter valued at $ 1,239,000. BlackRock Inc. increased its stake in Franchise Group shares by 20.7% in the 4th quarter. BlackRock Inc. now owns 1,624,187 shares of the company valued at $ 49,457,000 after purchasing an additional 278,647 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Franchise Group shares by 2.3% in the 4th quarter. Russell Investments Group Ltd. now owns 201,353 shares of the company valued at $ 6,125,000 after purchasing an additional 4,498 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Franchise Group shares by 23.5% in the 4th quarter. Sei Investments Co. now owns 48,944 shares of the company valued at $ 1,490,000 after purchasing an additional 9,300 shares during the last quarter. 45.65% of the shares are held by hedge funds and other institutional investors.
Franchise Group Company Profile
Franchise Group, Inc. operates as a retailer, franchisor 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-purchase rental stores that rent durable goods to customers, such as electronics, home furnishings, appliances and household accessories.
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