Brokerages Expect Franchise Group, Inc. (NASDAQ:FRG) to Announce $1.08 EPS

Brokerages expect that Franchise Group, Inc. (NASDAQ:FRGGet Rating) will post $1.08 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Franchise Group’s earnings, with the lowest EPS estimate coming in at $0.97 and the highest estimate coming in at $1.14. Franchise Group reported earnings of $0.90 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 20%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Franchise Group will report full year earnings of $4.95 per share for the current fiscal year, with EPS estimates ranging from $4.87 to $5.00. For the next fiscal year, analysts forecast that the business will post earnings of $5.42 per share, with EPS estimates ranging from $5.27 to $5.55. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Franchise Group.

Franchise Group (NASDAQ:FRGGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $942.80 million for the quarter, compared to analyst estimates of $849.32 million. Franchise Group had a return on equity of 27.31% and a net margin of 11.18%. The firm’s revenue for the quarter was up 90.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) EPS.

Separately, Zacks Investment Research downgraded Franchise Group from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $59.80.

NASDAQ FRG opened at $37.29 on Wednesday. The business’s fifty day simple moving average is $41.45 and its 200-day simple moving average is $45.28. The company has a quick ratio of 0.72, a current ratio of 1.32 and a debt-to-equity ratio of 1.81. The firm has a market cap of $1.50 billion, a PE ratio of 4.30, a P/E/G ratio of 0.51 and a beta of 1.80. Franchise Group has a 52 week low of $32.12 and a 52 week high of $55.10.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 1st were given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend was Thursday, March 31st. Franchise Group’s payout ratio is 28.84%.

In related news, Director Patrick A. Cozza acquired 2,000 shares of Franchise Group stock in a transaction dated Friday, March 11th. The shares were acquired at an average cost of $42.50 per share, for a total transaction of $85,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick A. Cozza acquired 4,000 shares of Franchise Group stock in a transaction dated Monday, March 7th. The stock was bought at an average price of $41.00 per share, for a total transaction of $164,000.00. The disclosure for this purchase can be found here. Insiders own 30.10% of the company’s stock.

Several large investors have recently modified their holdings of the company. TFO TDC LLC purchased a new position in shares of Franchise Group in the 1st quarter worth about $27,000. Point72 Hong Kong Ltd purchased a new position in shares of Franchise Group in the 4th quarter worth about $46,000. Financial Management Professionals Inc. purchased a new position in shares of Franchise Group in the 4th quarter worth about $65,000. Royal Bank of Canada raised its holdings in shares of Franchise Group by 29.3% in the 2nd quarter. Royal Bank of Canada now owns 1,953 shares of the company’s stock worth $68,000 after purchasing an additional 442 shares during the period. Finally, Advisor Group Holdings Inc. raised its holdings in shares of Franchise Group by 7,203.7% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,972 shares of the company’s stock worth $70,000 after purchasing an additional 1,945 shares during the period. Institutional investors and hedge funds own 47.41% of the company’s stock.

About Franchise Group (Get Rating)

Franchise Group, Inc owns and operates franchised and franchisable businesses. It operates through six segments: Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy's, and Sylvan. The Vitamin Shoppe segment operates as an omnichannel specialty retailer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products under the BodyTech, True Athlete, plnt, The Vitamin Shoppe, ProBioCare, Fitfactor Weight Management System, and Vthrive The Vitamin Shoppe brands.

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