Franchise Group, Inc. (NASDAQ: FRG) Expected to Report Earnings of $ 0.85 per Share
Equity research analysts expect Franchise Group, Inc. (NASDAQ: FRG) to post earnings of $ 0.85 per share for the current quarter, according to Zacks Investment Research. Three analysts have released estimates for Franchise Group earnings, with estimates ranging from $ 0.82 to $ 0.87. Franchise Group posted earnings per share of $ 0.53 in the same quarter last year, which would suggest a positive year-over-year growth rate of 60.4%. The company is expected to announce its next quarterly earnings report on Monday, January 1.
On average, analysts predict that Franchise Group will report annual earnings of $ 3.37 per share for the current fiscal year, with EPS estimates ranging from $ 3.33 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 research companies that follow Franchise Group.
Franchise Group (NASDAQ: FRG) last released its quarterly results on Thursday, May 6. The company reported earnings per share of $ 0.90 for the quarter, beating the consensus estimate of $ 0.87 by $ 0.03. Franchise Group recorded a positive return on equity of 11.75% and a negative net margin of 0.95%. The company posted revenue of $ 621.35 million for the quarter, compared to a consensus estimate of $ 709.82 million. The turnover of the Franchise Group increased by 23.5% year-on-year.
The RFA has been the subject of several research reports. TheStreet took the Franchise group from a “d +” rating to a “c-” rating in a report released on Thursday, May 27th. B. Riley raised his Franchise Group price target from $ 38.00 to $ 46.00 and gave the stock a “buy” rating in a report released Thursday, March 11. DA Davidson raised his Franchise Group price target from $ 40.00 to $ 49.00 and gave the stock a “buy” rating in a report released on Thursday, March 11. Barrington Research increased its target price on Franchise Group from $ 40.00 to $ 48.00 and gave the company an “outperformance” rating in a research report on Thursday, March 11. They noted that the move was an appraisal call. Finally, Zacks Investment Research upgraded Franchise Group from a “buy” rating to a “hold” rating in a research report published on Monday, May 31. Two analysts rated the stock with a conservation rating and five gave the company’s stock a buy rating. The company currently has an average rating of “Buy” and an average price target of $ 43.71.
In other Franchise Group news, Executive Vice President Andrew M. Laurence acquired 50,000 shares in a transaction dated Tuesday, June 1. The stock was purchased at an average price of $ 36.00 per share, for a total value of $ 1,800,000.00. Following the transaction, the Executive Vice President now directly owns 400,750 shares of the company, valued at $ 14,427,000. The acquisition was disclosed in a file with the SEC, which can be accessed through this hyperlink. In addition, CEO Brian Randall Kahn bought 1,000,000 shares in a trade on Friday, May 21. The shares were purchased at an average cost of $ 36.00 per share, for a total value of $ 36,000,000.00. As a result of the transaction, the CEO now owns 1,342,788 shares of the company, valued at approximately $ 48,340,368. Disclosure of this purchase can be found here. Insiders have purchased a total of 1,054,000 shares of the company valued at $ 37,949,280 in the past three months. Insiders own 30.10% of the shares of the company.
Large investors have recently changed their positions in the company. Royal Bank of Canada increased its position in Franchise Group by 123.2% in the first quarter. Royal Bank of Canada now owns 1,511 shares of the company valued at $ 54,000 after purchasing an additional 834 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Franchise Group in the 1st quarter valued at approximately $ 70,000. Captrust Financial Advisors acquired a new position in Franchise Group in the 4th quarter valued at approximately $ 81,000. Citigroup Inc. increased its stake in Franchise Group by 319.0% in the 4th quarter. Citigroup Inc. now owns 4,391 shares of the company valued at $ 134,000 after purchasing an additional 3,343 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Franchise Group in the 4th quarter for a value of approximately $ 142,000. Hedge funds and other institutional investors hold 45.65% of the company’s shares.
FRG opened at $ 36.55 on Friday. The company’s fifty-day moving average price is $ 37.00. The stock has a market cap of $ 1.47 billion, a P / E ratio of -54.55, a P / E / G ratio of 0.74, and a beta of 1.99. Franchise Group has a 52 week minimum of $ 17.73 and a 52 week maximum of $ 41.50. The company has a debt to equity ratio of 2.68, a current ratio of 1.46, and a quick ratio of 0.70.
The company also recently unveiled 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. The ex-dividend date is Wednesday June 30. This represents a dividend of $ 1.50 on an annualized basis and a dividend yield of 4.10%. The Franchise Group’s payout rate is 94.94%.
Franchise Group Company Profile
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.
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