Franchise Group, Inc. Expected to Post FY2021 Earnings of $3.77 Per Share (NASDAQ:FRG)

Franchise Group, Inc. (NASDAQ:FRG) – Research analysts at B. Riley dropped their FY2021 earnings per share estimates for shares of Franchise Group in a research note issued on Monday, November 22nd. B. Riley analyst S. Anderson now forecasts that the company will post earnings of $3.77 per share for the year, down from their previous estimate of $3.82. B. Riley has a “Buy” rating and a $65.00 price target on the stock. B. Riley also issued estimates for Franchise Group’s Q4 2021 earnings at $0.71 EPS and FY2022 earnings at $4.62 EPS.

A number of other equities analysts have also recently issued reports on FRG. Barrington Research boosted their price objective on shares of Franchise Group from $48.00 to $58.00 and gave the company an “outperform” rating in a research report on Tuesday. Aegis upped their price objective on shares of Franchise Group from $50.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of Franchise Group from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Thursday, November 4th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Franchise Group presently has an average rating of “Buy” and a consensus price target of $53.00.

NASDAQ FRG opened at $49.07 on Thursday. Franchise Group has a 52-week low of $25.28 and a 52-week high of $52.17. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 1.46. The company has a market capitalization of $1.98 billion, a P/E ratio of 9.77, a P/E/G ratio of 0.79 and a beta of 1.86. The company has a fifty day moving average of $40.13 and a 200-day moving average of $37.01.

Franchise Group (NASDAQ:FRG) last posted its earnings results on Tuesday, November 2nd. The company reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.17. Franchise Group had a net margin of 7.56% and a return on equity of 25.25%. During the same quarter in the previous year, the company posted ($0.22) EPS.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cowen Prime Advisors LLC purchased a new stake in shares of Franchise Group in the second quarter valued at about $10,978,000. BlackRock Inc. grew its position in Franchise Group by 12.3% in the 2nd quarter. BlackRock Inc. now owns 2,216,791 shares of the company’s stock valued at $78,186,000 after buying an additional 241,948 shares during the last quarter. State Street Corp lifted its holdings in Franchise Group by 53.2% in the second quarter. State Street Corp now owns 645,603 shares of the company’s stock valued at $23,005,000 after acquiring an additional 224,180 shares during the period. Punch & Associates Investment Management Inc. lifted its holdings in Franchise Group by 33.9% in the second quarter. Punch & Associates Investment Management Inc. now owns 733,415 shares of the company’s stock valued at $25,868,000 after acquiring an additional 185,804 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Franchise Group during the 2nd quarter worth $5,839,000. Institutional investors and hedge funds own 73.06% of the company’s stock.

About Franchise Group

Franchise Group, Inc is a holding company, which engages in the provision of tax return preparation and related services and products. It operates through the following segments: Vitamin Shoppe, American Freight, Liberty Tax and Buddy’s. The Vitamin Shoppe segment is an omni-channel specialty retailer of vitamins, herbs, specialty supplements, sports nutrition and other health and wellness products.

See Also: Current Ratio

Earnings History and Estimates for Franchise Group (NASDAQ:FRG)

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