Franchise Group (NASDAQ:FRG) Releases FY 2022 Earnings Guidance

Franchise Group (NASDAQ:FRGGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $5.00-$5.00 for the period, compared to the consensus estimate of $4.96. The company issued revenue guidance of $4.45 billion-$4.45 billion, compared to the consensus revenue estimate of $4.42 billion.

A number of research firms recently issued reports on FRG. Zacks Investment Research upgraded Franchise Group from a sell rating to a hold rating in a report on Tuesday, May 3rd. B. Riley decreased their target price on Franchise Group from $65.00 to $63.00 in a report on Friday, May 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $59.40.

Franchise Group stock traded down $0.44 during midday trading on Monday, reaching $37.64. The company’s stock had a trading volume of 1,245 shares, compared to its average volume of 269,196. Franchise Group has a fifty-two week low of $32.12 and a fifty-two week 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. The company has a market cap of $1.52 billion, a P/E ratio of 4.41, a P/E/G ratio of 0.51 and a beta of 1.77. The business has a 50-day simple moving average of $40.57 and a 200-day simple moving average of $45.40.

Franchise Group (NASDAQ:FRGGet Rating) last posted its quarterly earnings results 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. Franchise Group had a return on equity of 27.62% and a net margin of 9.61%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned $0.90 earnings per share. Franchise Group’s quarterly revenue was up 82.7% on a year-over-year basis. As a group, equities analysts forecast that Franchise Group will post 5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, April 1st were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date was Thursday, March 31st. Franchise Group’s dividend payout ratio is presently 28.97%.

In other news, Director Patrick A. Cozza bought 2,000 shares of the business’s stock in a transaction dated Friday, March 11th. The shares were acquired at an average price of $42.50 per share, for a total transaction of $85,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick A. Cozza bought 4,000 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were purchased 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. Over the last 90 days, insiders acquired 106,000 shares of company stock worth $3,999,000. 30.10% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of FRG. Royal Bank of Canada increased its position 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 acquiring an additional 442 shares during the period. Morgan Stanley increased its position in Franchise Group by 226.7% in the 2nd quarter. Morgan Stanley now owns 163,169 shares of the company’s stock valued at $5,754,000 after acquiring an additional 113,230 shares during the period. Invesco Ltd. increased its position in Franchise Group by 12.8% in the 3rd quarter. Invesco Ltd. now owns 19,584 shares of the company’s stock valued at $693,000 after acquiring an additional 2,217 shares during the period. Millennium Management LLC acquired a new position in Franchise Group in the 3rd quarter valued at about $282,000. Finally, UBS Group AG increased its position in Franchise Group by 106.7% in the 3rd quarter. UBS Group AG now owns 4,034 shares of the company’s stock valued at $143,000 after acquiring an additional 2,082 shares during the period. Institutional investors and hedge funds 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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Earnings History and Estimates for Franchise Group (NASDAQ:FRG)

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