Franchise Group, Inc. (NASDAQ: FRG) Expected to Post Earnings of $ 4.12 per Share for Fiscal 2022
Franchise Group, Inc. (NASDAQ: FRG) – B. Riley’s investment analysts increased their earnings per share (EPS) estimates for fiscal 2022 for Franchise Group shares in a research report released to clients and to investors on Wednesday, November 3. B. Riley analyst S. Anderson now predicts the company will post earnings per share of $ 4.12 for the year, up from its previous estimate of $ 3.82.
Several other brokerages also commented on RFA. Aegis began covering Franchise Group shares in a report on Wednesday, July 14. They issued a âbuyâ note and a price target of $ 50.00 for the company. Zacks Investment Research downgraded Franchise Group shares from a âholdâ rating to a âbuyâ rating and set a price target of $ 48.00 for the company in a report released Thursday. Finally, Barrington Research reissued a “buy” note and issued a price target of $ 48.00 on Franchise Group shares in a report released on Tuesday, September 28. Seven investment analysts rated the stock with a buy rating. According to MarketBeat.com, Franchise Group currently has a consensus rating of âBuyâ and a consensus target price of $ 47.29.
NASDAQ FRG shares opened at $ 44.99 on Thursday. The company has a market cap of $ 1.81 billion, a PE ratio of 15.15, a PEG ratio of 0.77 and a beta of 1.85. The company has a fifty-day moving average of $ 37.01 and a 200-day moving average of $ 36.18. The company has a debt to equity ratio of 1.68, a quick ratio of 0.65, and a current ratio of 1.46. Franchise Group has a one-year minimum of $ 24.91 and a one-year maximum of $ 46.03. Franchise Group (NASDAQ: FRG) last released its results on Tuesday, November 2. The company reported earnings of $ 0.97 per share for the quarter, beating the consensus estimate of $ 0.80 by $ 0.17. Franchise Group had a net margin of 7.56% and a return on equity of 25.25%. In the same quarter of last year, the company posted ($ 0.22) earnings per share.
A number of institutional investors and hedge funds have recently changed their positions in RFA. UBS Group AG increased its stake in Franchise Group by 98.0% in the first quarter. UBS Group AG now owns 10,924 shares of the company valued at $ 394,000 after purchasing an additional 5,407 shares in the last quarter. Geode Capital Management LLC increased its stake in Franchise Group by 11.8% in the 1st quarter. Geode Capital Management LLC now owns 435,622 shares of the company valued at $ 15,730,000 after purchasing an additional 46,005 shares during the last quarter. Citigroup Inc. increased its stake in Franchise Group by 73.2% during the 1st quarter. Citigroup Inc. now owns 7,606 shares of the company valued at $ 275,000 after purchasing an additional 3,215 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Franchise Group by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 324,422 shares of the company valued at $ 11,715,000 after purchasing an additional 16,830 shares in the last quarter. Finally, Credit Suisse AG strengthened its position in Franchise Group shares by 80.8% during the first quarter. Credit Suisse AG now owns 34,235 shares of the company valued at $ 1,236,000 after acquiring an additional 15,298 shares in the last quarter. 73.06% of the shares are currently held by institutional investors.
About the franchise group
Franchise Group, Inc. is a holding company that provides tax return 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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