Zacks: Brokers Expect Franchise Group, Inc. (NASDAQ: FRG) to Earn $ 0.78 Per Share
Equity research analysts expect Franchise Group, Inc. (NASDAQ: FRG) to report earnings per share (EPS) of $ 0.78 for the current quarter, according to Zacks Investment Research. Three analysts made estimates for Franchise Group profits. The lowest EPS estimate is $ 0.74 and the highest is $ 0.82. Franchise Group posted earnings of ($ 0.22) per share in the same quarter of last year, which would indicate a positive year-over-year growth rate of 454.5%. The company is expected to release its next earnings report on Wednesday, November 3.
On average, analysts predict that Franchise Group will report annual earnings of $ 3.55 per share for the current fiscal year, with EPS estimates ranging from $ 3.45 to $ 3.84. For next year, analysts expect the company to report earnings of $ 3.88 per share, with EPS estimates ranging from $ 3.80 to $ 4.06. Zacks Investment Research’s EPS averages are an average based on a survey of research companies that cover the Franchise group.
Franchise Group (NASDAQ: FRG) last released its results on Tuesday, August 3. The company reported EPS of $ 1.16 for the quarter, beating analyst consensus estimates of $ 0.85 by $ 0.31. The company posted revenue of $ 862.76 million in the quarter, against analysts’ expectations of $ 794.09 million. Franchise Group had a net margin of 1.57% and a return on equity of 17.53%.
Several stock analysts recently published reports on the company. TheStreet took the franchise group from a âd +â rating to a âc-â rating in a research report released on Thursday, May 27. Oppenheimer assumed cover of Franchise Group in a report on Wednesday, June 16. They issued a âbuyâ note and a target price of $ 50.00 on the stock. Zacks Investment Research raised Franchise Group from a âsellâ rating to a âkeepâ rating and set a target price of $ 39.00 for the company in a report released on Tuesday, August 3. Finally, Aegis began covering Franchise Group shares in a report on Wednesday, July 14. They issued a âbuyâ note and a target price of $ 50.00 on the stock. One investment analyst rated the stock with a conservation rating and six assigned a buy rating to the company’s stock. According to MarketBeat.com, Franchise Group currently has a consensus rating of “Buy” and a consensus target price of $ 46.00.
NASDAQ: FRG opened at $ 36.23 on Friday. The company has a market cap of $ 1.46 billion, a P / E ratio of 43.13, a PEG ratio of 0.65 and a beta of 1.98. The company has a current ratio of 1.51, a quick ratio of 0.65, and a debt ratio of 2.55. Franchise Group has a 12 month minimum of $ 21.50 and a 12 month maximum of $ 41.50. The company has a fifty-day simple moving average of $ 34.59 and a 200-day simple moving average of $ 36.01.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 15. Investors of record on Friday, October 1 will receive a dividend of $ 0.375 per share. This represents an annualized dividend of $ 1.50 and a return of 4.14%. The ex-date of this dividend is Thursday, September 30. The Franchise Group’s dividend payout rate is currently 94.94%.
A number of institutional investors have recently increased or reduced their stakes in the company. Tradition Wealth Management LLC increased its stake in Franchise Group shares by 56.7% during the 2nd quarter. Tradition Wealth Management LLC now owns 846 shares of the company valued at $ 30,000 after purchasing an additional 306 shares in the last quarter. Royal Bank of Canada increased its stake 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 purchased a new position in Franchise Group in the first quarter valued at $ 70,000. Ameritas Investment Partners Inc. increased its stake in Franchise Group shares by 31.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,222 shares of the company valued at $ 78,000 after acquiring an additional 529 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Franchise Group shares during the second quarter for a value of approximately $ 130,000. Institutional investors and hedge funds hold 42.25% of the company’s shares.
Franchise Group Company Profile
Franchise Group, Inc. is a holding company that provides tax 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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