Zacks: Analysts Anticipate Francesca’s Holdings Corp (FRAN) Will Post Quarterly Sales of $105.15 Million

Wall Street analysts predict that Francesca’s Holdings Corp (NASDAQ:FRAN) will post $105.15 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Francesca’s’ earnings. The highest sales estimate is $105.50 million and the lowest is $104.80 million. Francesca’s reported sales of $105.79 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, December 4th.

On average, analysts expect that Francesca’s will report full year sales of $454.20 million for the current financial year, with estimates ranging from $452.00 million to $456.40 million. For the next fiscal year, analysts anticipate that the firm will report sales of $468.70 million, with estimates ranging from $452.20 million to $485.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Francesca’s.

Francesca’s (NASDAQ:FRAN) last posted its quarterly earnings results on Tuesday, September 11th. The specialty retailer reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Francesca’s had a return on equity of 3.35% and a net margin of 0.12%. The business had revenue of $113.00 million during the quarter, compared to analysts’ expectations of $120.77 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year.

FRAN has been the subject of several recent analyst reports. ValuEngine cut Francesca’s from a “buy” rating to a “hold” rating in a research note on Friday. B. Riley upped their price objective on Francesca’s from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. BidaskClub upgraded Francesca’s from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 26th. Finally, Zacks Investment Research upgraded Francesca’s from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $5.67.

In other news, CEO Steven Paul Lawrence acquired 10,000 shares of Francesca’s stock in a transaction that occurred on Friday, September 14th. The stock was bought at an average price of $4.11 per share, for a total transaction of $41,100.00. Following the completion of the transaction, the chief executive officer now owns 209,832 shares in the company, valued at $862,409.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martyn R. Redgrave acquired 15,000 shares of Francesca’s stock in a transaction that occurred on Tuesday, September 25th. The shares were purchased at an average price of $3.93 per share, with a total value of $58,950.00. Following the transaction, the director now owns 70,353 shares of the company’s stock, valued at approximately $276,487.29. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new stake in Francesca’s during the second quarter valued at $133,000. Nisa Investment Advisors LLC purchased a new stake in Francesca’s during the second quarter valued at $196,000. Mutual Advisors LLC grew its holdings in Francesca’s by 24.3% during the second quarter. Mutual Advisors LLC now owns 185,890 shares of the specialty retailer’s stock valued at $1,403,000 after purchasing an additional 36,390 shares during the period. Bank of New York Mellon Corp grew its holdings in Francesca’s by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 507,260 shares of the specialty retailer’s stock valued at $3,830,000 after purchasing an additional 15,946 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new stake in Francesca’s during the second quarter valued at about $192,000. Institutional investors own 96.46% of the company’s stock.

FRAN stock opened at $2.80 on Friday. Francesca’s has a 1-year low of $2.79 and a 1-year high of $8.48. The firm has a market capitalization of $114.83 million, a PE ratio of 5.38 and a beta of 0.18.

About Francesca’s

Francesca's Holdings Corporation, through its subsidiaries, operates a chain of retail boutiques. It offers fashion apparel, jewelry, accessories, and gifts primarily for women between the ages of 18 and 35. The company's apparel products comprise dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry includes necklaces, earrings, bracelets, and rings.

Read More: Understanding Price to Earnings Ratio (PE)

Get a free copy of the Zacks research report on Francesca’s (FRAN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Francesca`s (NASDAQ:FRAN)

Receive News & Ratings for Francesca's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Francesca's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply