Franchise Group (NASDAQ:FRG) Releases FY22 Earnings Guidance

Franchise Group (NASDAQ:FRGGet Rating) updated its FY22 earnings guidance on Thursday. The company provided earnings per share guidance of approx $5.00 for the period, compared to the consensus earnings per share estimate of $4.96. The company issued revenue guidance of approx $4.45 billion, compared to the consensus revenue estimate of $4.42 billion.

NASDAQ:FRG traded down $0.36 during midday trading on Friday, hitting $37.78. The stock had a trading volume of 3,587 shares, compared to its average volume of 222,874. The stock has a 50-day moving average of $41.09 and a 200 day moving average of $45.31. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 4.40, a PEG ratio of 0.52 and a beta of 1.77. Franchise Group has a one year low of $32.12 and a one year high of $55.10. The company has a quick ratio of 0.72, a current ratio of 1.32 and a debt-to-equity ratio of 1.81.

Franchise Group (NASDAQ:FRGGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.20. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.08 billion. 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 82.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. On average, sell-side analysts anticipate that Franchise Group will post 4.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 1st were issued a $0.625 dividend. The ex-dividend date of this dividend was Thursday, March 31st. This represents a $2.50 annualized dividend and a yield of 6.62%. Franchise Group’s dividend payout ratio (DPR) is presently 28.84%.

FRG has been the topic of several analyst reports. Zacks Investment Research raised Franchise Group from a sell rating to a hold rating in a report on Tuesday. B. Riley lowered their price target on shares of Franchise Group from $65.00 to $63.00 in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Buy and an average target price of $59.40.

In other news, Director Patrick A. Cozza bought 4,000 shares of the firm’s stock in a transaction dated Monday, March 7th. The shares were acquired at an average price of $41.00 per share, for a total transaction of $164,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick A. Cozza purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 11th. The shares were purchased at an average price of $42.50 per share, with a total value of $85,000.00. The disclosure for this purchase can be found here. Company insiders own 30.10% of the company’s stock.

A number of large investors have recently modified their holdings of FRG. Royal Bank of Canada boosted its holdings in Franchise Group by 29.3% in the 2nd 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 during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Franchise Group by 62.3% in the first quarter. Advisor Group Holdings Inc. now owns 2,731 shares of the company’s stock valued at $113,000 after acquiring an additional 1,048 shares in the last quarter. UBS Group AG boosted its holdings in Franchise Group by 106.7% in the third quarter. UBS Group AG now owns 4,034 shares of the company’s stock valued at $143,000 after purchasing an additional 2,082 shares during the period. Amalgamated Bank purchased a new stake in Franchise Group during the 4th quarter worth about $202,000. Finally, Millennium Management LLC acquired a new stake in Franchise Group in the 3rd quarter valued at about $282,000. Institutional investors own 45.51% of the company’s stock.

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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