Francesca’s (FRAN) Announces Earnings Results, Misses Estimates By $0.03 EPS
Francesca’s (NASDAQ:FRAN) posted its quarterly earnings results on Tuesday. The specialty retailer reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03), Briefing.com reports. Francesca’s had a return on equity of 31.88% and a net margin of 7.28%. The firm had revenue of $105.80 million during the quarter, compared to analyst estimates of $106.02 million. During the same quarter last year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. Francesca’s updated its Q4 guidance to $0.35-0.40 EPS.
Shares of Francesca’s (FRAN) opened at $6.94 on Wednesday. The firm has a market cap of $272.20, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 0.57 and a beta of 0.23. Francesca’s has a twelve month low of $6.33 and a twelve month high of $22.39.
Several research firms have issued reports on FRAN. Zacks Investment Research cut Francesca’s from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 22nd. FBR & Co reiterated a “neutral” rating and set a $8.00 price objective (down from $10.00) on shares of Francesca’s in a research report on Wednesday, September 6th. B. Riley restated a “neutral” rating on shares of Francesca’s in a report on Wednesday, November 1st. SunTrust Banks reduced their price objective on shares of Francesca’s from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Finally, ValuEngine lowered shares of Francesca’s from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.50.
Francesca’s Holdings Corporation is a holding company. The Company is a specialty retailer, which operates a chain of boutiques across the United States. The Company offers a mix of apparel, jewelry, accessories and gifts. As of January 28, 2017, the Company operated 671 boutiques in 48 states and the District of Columbia, and also served its customers through www.francescas.com, its e-commerce Website.
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