Wall Street analysts expect Franchise Group, Inc. (NASDAQ:FRG – Get Rating) to report $1.10 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Franchise Group’s earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.12 billion. Franchise Group reported sales of $621.35 million during the same quarter last year, which indicates a positive year-over-year growth rate of 77%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Franchise Group will report full-year sales of $4.45 billion for the current year, with estimates ranging from $4.44 billion to $4.45 billion. For the next fiscal year, analysts expect that the company will post sales of $4.66 billion, with estimates ranging from $4.65 billion to $4.67 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Franchise Group.
Franchise Group (NASDAQ:FRG – Get Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. The firm had revenue of $942.80 million for the quarter, compared to analysts’ expectations of $849.32 million. Franchise Group had a net margin of 11.18% and a return on equity of 27.31%. The firm’s revenue was up 90.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.12) EPS.
In related news, Director Patrick A. Cozza bought 4,000 shares of the company’s stock in a transaction on Monday, March 7th. The shares were purchased at an average cost of $41.00 per share, with a total value of $164,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick A. Cozza acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The stock was acquired at an average cost of $42.50 per share, with a total value of $85,000.00. The disclosure for this purchase can be found here. 30.10% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in FRG. Royal Bank of Canada raised its stake in shares of Franchise Group by 29.3% during the second quarter. Royal Bank of Canada now owns 1,953 shares of the company’s stock valued at $68,000 after purchasing an additional 442 shares in the last quarter. Invesco Ltd. raised its position in shares of Franchise Group by 37.0% during the 2nd quarter. Invesco Ltd. now owns 17,367 shares of the company’s stock worth $612,000 after buying an additional 4,690 shares in the last quarter. Morgan Stanley lifted its stake in shares of Franchise Group by 226.7% in the 2nd quarter. Morgan Stanley now owns 163,169 shares of the company’s stock worth $5,754,000 after acquiring an additional 113,230 shares during the period. Capital Management Corp VA acquired a new stake in shares of Franchise Group in the 3rd quarter worth approximately $5,550,000. Finally, WINTON GROUP Ltd lifted its stake in shares of Franchise Group by 54.3% in the 3rd quarter. WINTON GROUP Ltd now owns 9,277 shares of the company’s stock worth $328,000 after acquiring an additional 3,266 shares during the period. 47.41% of the stock is owned by institutional investors.
FRG stock traded down $0.02 on Friday, reaching $39.01. The company had a trading volume of 235,522 shares, compared to its average volume of 274,514. Franchise Group has a 1 year low of $32.12 and a 1 year high of $55.10. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.32. The company’s fifty day moving average is $43.54 and its 200 day moving average is $45.20. The company has a market cap of $1.57 billion, a P/E ratio of 4.50, a PEG ratio of 0.56 and a beta of 1.80.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Friday, April 1st will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 6.41%. The ex-dividend date is Thursday, March 31st. Franchise Group’s dividend payout ratio is currently 28.84%.
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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