Brokerages expect that Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) will post earnings of $0.02 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Papa Murphy’s’ earnings. The highest EPS estimate is $0.03 and the lowest is $0.00. Papa Murphy’s posted earnings per share of $0.07 during the same quarter last year, which would suggest a negative year over year growth rate of 71.4%. The business is expected to announce its next earnings results on Wednesday, August 8th.
According to Zacks, analysts expect that Papa Murphy’s will report full year earnings of $0.33 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.45. For the next year, analysts forecast that the company will post earnings of $0.42 per share, with EPS estimates ranging from $0.33 to $0.54. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Papa Murphy’s.
Papa Murphy’s (NASDAQ:FRSH) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The company had revenue of $34.77 million during the quarter, compared to analyst estimates of $28.61 million. Papa Murphy’s had a net margin of 5.75% and a return on equity of 9.92%.
A number of analysts have recently weighed in on FRSH shares. Zacks Investment Research raised shares of Papa Murphy’s from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research note on Friday, February 16th. ValuEngine lowered shares of Papa Murphy’s from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th.
In related news, major shareholder Mfp Partners Lp purchased 78,700 shares of Papa Murphy’s stock in a transaction dated Friday, March 16th. The stock was bought at an average cost of $5.50 per share, with a total value of $432,850.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 13.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its holdings in shares of Papa Murphy’s by 15.5% in the 1st quarter. Millennium Management LLC now owns 69,584 shares of the company’s stock worth $338,000 after purchasing an additional 9,344 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of Papa Murphy’s in the 4th quarter worth approximately $100,000. Two Sigma Investments LP bought a new stake in shares of Papa Murphy’s in the 4th quarter worth approximately $248,000. Finally, Fondren Management LP bought a new stake in shares of Papa Murphy’s in the 4th quarter worth approximately $834,000. Institutional investors and hedge funds own 29.65% of the company’s stock.
Shares of NASDAQ:FRSH traded up $0.10 during trading on Friday, reaching $5.56. The company had a trading volume of 33,297 shares, compared to its average volume of 60,181. The firm has a market cap of $91.67 million, a P/E ratio of 37.00, a P/E/G ratio of 2.60 and a beta of 0.14. Papa Murphy’s has a twelve month low of $3.50 and a twelve month high of $6.50. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.89.
About Papa Murphy’s
Papa Murphy's Holdings, Inc, together with its subsidiaries, owns, operates, and franchises Take ?N' Bake pizza stores. The company operates in three segments: Domestic Company Stores, Domestic Franchise, and International. As of January 1, 2018, it operated approximately 1,523 stores, including 1,338 franchised and 145 company-owned stores in 39 states, as well as 14 stores in Canada and 26 stores in the Middle East.
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