S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13

FY2022 Earnings Estimate for Franchise Group, Inc. Issued By Oppenheimer (NASDAQ:FRG)

Thursday, November 25, 2021 | MarketBeat

Franchise Group, Inc. (NASDAQ:FRG) - Oppenheimer raised their FY2022 earnings estimates for shares of Franchise Group in a research report issued to clients and investors on Monday, November 22nd. Oppenheimer analyst I. Zaffino now forecasts that the company will earn $4.53 per share for the year, up from their prior estimate of $3.96. Franchise Group (NASDAQ:FRG) last posted its quarterly earnings results on Tuesday, November 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.17. Franchise Group had a return on equity of 25.25% and a net margin of 7.56%. During the same quarter in the previous year, the business posted ($0.22) EPS.

Several other research analysts also recently commented on the company. B. Riley raised their target price on Franchise Group from $58.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday. Barrington Research raised their target price on Franchise Group from $48.00 to $58.00 and gave the stock an "outperform" rating in a research note on Tuesday. Zacks Investment Research upgraded Franchise Group from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Thursday, November 4th. Finally, Aegis raised their target price on Franchise Group from $50.00 to $61.00 and gave the stock a "buy" rating in a research note on Tuesday. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $53.00.

Shares of NASDAQ:FRG opened at $49.07 on Thursday. Franchise Group has a 1-year low of $25.28 and a 1-year high of $52.17. The stock has a market cap of $1.98 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.86. The stock's fifty day simple moving average is $39.85 and its two-hundred day simple moving average is $36.93. The company has a current ratio of 1.46, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in Franchise Group by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 330,648 shares of the company's stock worth $11,708,000 after buying an additional 2,370 shares during the last quarter. Captrust Financial Advisors lifted its position in Franchise Group by 44.9% in the 3rd quarter. Captrust Financial Advisors now owns 1,985 shares of the company's stock worth $71,000 after buying an additional 615 shares during the last quarter. Two Sigma Advisers LP lifted its position in Franchise Group by 55.6% in the 3rd quarter. Two Sigma Advisers LP now owns 11,200 shares of the company's stock worth $397,000 after buying an additional 4,000 shares during the last quarter. Two Sigma Investments LP lifted its position in Franchise Group by 149.9% in the 3rd quarter. Two Sigma Investments LP now owns 206,328 shares of the company's stock worth $7,306,000 after buying an additional 123,769 shares during the last quarter. Finally, UBS Group AG increased its stake in Franchise Group by 106.7% in the 3rd quarter. UBS Group AG now owns 4,034 shares of the company's stock worth $143,000 after purchasing an additional 2,082 shares during the period. Institutional investors 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.

Further Reading: Do equity income investments outperform growth and income investments?

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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