Zacks: Analysts Anticipate Franchise Group, Inc. (NASDAQ:FRG) to Post $1.08 EPS

Equities research analysts forecast that Franchise Group, Inc. (NASDAQ:FRGGet Rating) will report $1.08 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Franchise Group’s earnings. The highest EPS estimate is $1.14 and the lowest is $0.97. Franchise Group posted earnings of $0.90 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, 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 year, analysts forecast that the firm will report earnings of $5.42 per share, with EPS estimates ranging from $5.27 to $5.55. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Franchise Group.

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

Separately, Zacks Investment Research cut Franchise Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 5th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Franchise Group has an average rating of “Buy” and a consensus target price of $59.80.

In other news, Director Patrick A. Cozza purchased 4,000 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was acquired 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 SEC, which is available at this link. Also, Director Patrick A. Cozza acquired 2,000 shares of Franchise Group stock in a transaction on Friday, March 11th. The shares were bought at an average price of $42.50 per share, for a total transaction of $85,000.00. The disclosure for this purchase can be found here. 30.10% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in shares of Franchise Group in the 4th quarter worth $46,000. Financial Management Professionals Inc. acquired a new position in shares of Franchise Group in the 4th quarter worth $65,000. Royal Bank of Canada boosted its holdings in shares of Franchise Group by 29.3% in the second quarter. Royal Bank of Canada now owns 1,953 shares of the company’s stock worth $68,000 after buying an additional 442 shares during the period. Advisor Group Holdings Inc. boosted its holdings in shares of Franchise Group by 7,203.7% in the third quarter. Advisor Group Holdings Inc. now owns 1,972 shares of the company’s stock worth $70,000 after buying an additional 1,945 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of Franchise Group by 44.9% in the third quarter. Captrust Financial Advisors now owns 1,985 shares of the company’s stock worth $71,000 after buying an additional 615 shares during the period. Hedge funds and other institutional investors own 47.41% of the company’s stock.

FRG traded down $0.02 during trading hours on Wednesday, reaching $39.01. The company’s stock had a trading volume of 235,522 shares, compared to its average volume of 274,514. The stock has a market cap of $1.57 billion, a PE ratio of 4.50, a P/E/G ratio of 0.56 and a beta of 1.80. Franchise Group has a fifty-two week low of $32.12 and a fifty-two week high of $55.10. The business’s 50-day moving average is $43.54 and its 200-day moving average is $45.20. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.32 and a quick ratio of 0.72.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Shareholders of record on Friday, April 1st will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date is Thursday, March 31st. Franchise Group’s dividend payout ratio is presently 28.84%.

Franchise Group Company Profile (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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