Equities analysts expect Franchise Group, Inc. (NASDAQ:FRG – Get Rating) to announce sales of $1.15 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Franchise Group’s earnings. The highest sales estimate is $1.20 billion and the lowest is $1.12 billion. Franchise Group posted sales of $862.76 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The company is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Franchise Group will report full-year sales of $4.45 billion for the current financial year. For the next fiscal year, analysts expect that the business will post sales of $4.66 billion, with estimates ranging from $4.65 billion to $4.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Franchise Group.
Franchise Group (NASDAQ:FRG – Get Rating) last issued its earnings results on Thursday, May 5th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.09 by $0.20. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.08 billion. Franchise Group had a return on equity of 26.34% and a net margin of 9.61%. The business’s quarterly revenue was up 82.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share.
Shares of FRG stock opened at $40.43 on Thursday. The business’s 50 day simple moving average is $39.00 and its 200 day simple moving average is $44.80. Franchise Group has a one year low of $32.12 and a one year high of $55.10. The stock has a market capitalization of $1.63 billion, a PE ratio of 4.68, a PEG ratio of 0.49 and a beta of 1.77. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.42 and a quick ratio of 0.75.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, June 30th. This represents a $2.50 annualized dividend and a dividend yield of 6.18%. Franchise Group’s payout ratio is 28.97%.
In other news, Director Patrick A. Cozza acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The shares were bought at an average cost of $42.50 per share, with a total value of $85,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian Randall Kahn acquired 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were purchased at an average cost of $37.50 per share, for a total transaction of $3,750,000.00. Following the completion of the acquisition, the chief executive officer now owns 8,864,610 shares in the company, valued at approximately $332,422,875. The disclosure for this purchase can be found here. 32.30% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in Franchise Group by 28.0% in the 1st quarter. Bank of America Corp DE now owns 125,682 shares of the company’s stock worth $5,207,000 after purchasing an additional 27,484 shares during the period. Verition Fund Management LLC raised its stake in Franchise Group by 101.4% during the first quarter. Verition Fund Management LLC now owns 50,345 shares of the company’s stock valued at $2,086,000 after buying an additional 25,345 shares during the last quarter. Cannell Capital LLC raised its stake in Franchise Group by 31.9% during the first quarter. Cannell Capital LLC now owns 808,762 shares of the company’s stock valued at $33,507,000 after buying an additional 195,510 shares during the last quarter. Avalon Investment & Advisory raised its stake in shares of Franchise Group by 12.4% in the first quarter. Avalon Investment & Advisory now owns 64,277 shares of the company’s stock worth $2,663,000 after purchasing an additional 7,066 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Franchise Group in the first quarter worth $242,000. 45.51% of the stock is currently owned by institutional investors.
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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