Franchise Group (NASDAQ: FRG) Releases Fiscal 2021 Profit Guidance
Franchise Group (NASDAQ: FRG) on Tuesday updated its earnings guidance for fiscal 2021. The company provided earnings per share (EPS) forecast of $ 3,800 to $ 3,800 for the period, compared to estimate Thomson Reuters consensus of $ 3,530. The company released a revenue forecast of $ 3.10 billion, compared to the consensus revenue estimate of $ 3.08 billion.
A number of brokerage houses have recently weighed on the FRG. Barrington Research reissued a buy note and set a price target of $ 48.00 on Franchise Group shares in a research report on Tuesday, September 28. Zacks Investment Research upgraded Franchise Group shares from a hold to buy rating and set a price target of $ 48.00 on the stock in a research report released on Thursday, November 4. 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 on the stock. Finally, B. Riley raised his price target for Franchise Group shares from $ 46.00 to $ 58.00 and gave the stock a buy rating in a research report on Monday. Seven research analysts rated the stock with a buy rating. According to MarketBeat.com, the company currently has an average Buy rating and a consensus target price of $ 49.
Franchise Group shares opened at $ 44.56 on Tuesday. The company has a debt to equity ratio of 1.68, a quick ratio of 0.49, and a current ratio of 1.46. The stock has a 50-day simple moving average of $ 37.21 and a 200-day simple moving average of $ 36.23. The stock has a market cap of $ 1.80 billion, a P / E ratio of 15.46, a PEG ratio of 0.79 and a beta of 1.86. Franchise Group has a 52-week minimum of $ 25.16 and a 52-week maximum of $ 46.03.
Franchise Group (NASDAQ: FRG) last released its quarterly earnings data on Tuesday, November 2. The company reported earnings of $ 0.97 per share for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.80 of $ 0.17. Franchise Group had a net margin of 7.56% and a return on equity of 25.25%. During the same period last year, the company earned ($ 0.22) EPS. Research analysts predict that Franchise Group will post earnings per share of 3.81 for the current year.
An institutional investor recently increased its position in Franchise Group shares. Royal Bank of Canada increased its holdings of Franchise Group, Inc. (NASDAQ: FRG) shares by 29.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor held 1,953 shares of the company after acquiring 442 additional shares during the quarter. Royal Bank of Canada’s holdings in Franchise Group were worth $ 68,000 at the end of the last quarter. 73.06% of the shares are held by institutional investors and hedge funds.
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.
Featured Story: Non-fungible (NFT) Token Explained
This instant news alert was powered by storytelling technology and financial data from MarketBeat 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 [emailÂ 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 âBuyâ rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here