The Property Franchise Group (LON:TPFG) Posts Quarterly Earnings Results

The Property Franchise Group (LON:TPFG) issued its earnings results on Tuesday. The company reported GBX 31.70 ($0.41) earnings per share for the quarter, Digital Look Earnings reports. The Property Franchise Group had a return on equity of 8.40% and a net margin of 18.96%.

The Property Franchise Group Stock Performance

The Property Franchise Group stock traded up GBX 8.50 ($0.11) during trading on Thursday, reaching GBX 420 ($5.37). 817,909 shares of the company’s stock were exchanged, compared to its average volume of 108,556. The Property Franchise Group has a 52-week low of GBX 336.55 ($4.30) and a 52-week high of GBX 490 ($6.26). The firm has a market cap of £267.13 million, a price-to-earnings ratio of 17.35 and a beta of 0.42. The company’s 50-day moving average is GBX 428.24 and its two-hundred day moving average is GBX 422.88.

The Property Franchise Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 21st. Investors of record on Thursday, April 17th will be issued a dividend of GBX 12 ($0.15) per share. This is a positive change from The Property Franchise Group’s previous dividend of $6.00. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 2.93%. The Property Franchise Group’s payout ratio is presently 53.71%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price objective on The Property Franchise Group from GBX 589 ($7.53) to GBX 595 ($7.60) and gave the company a “buy” rating in a research note on Tuesday.

Insider Buying and Selling at The Property Franchise Group

In other news, insider Michelle Brook sold 8,788 shares of The Property Franchise Group stock in a transaction that occurred on Monday, February 17th. The shares were sold at an average price of GBX 439 ($5.61), for a total transaction of £38,579.32 ($49,296.35). 19.92% of the stock is currently owned by corporate insiders.

About The Property Franchise Group

The Property Franchise Group PLC (AIM: TPFG) is the UK’s largest multi-brand property franchisor, with a network of over 1,946 outlets delivering high quality services to residential clients, combined with an established Financial Services business.

The Company was founded in 1986 and has since strategically grown to a diverse portfolio of 18 brands operating throughout the UK, comprising longstanding high-street focused brands and two hybrid brands.