Francesca’s (FRAN) Updates Q4 Earnings Guidance
Francesca’s (NASDAQ:FRAN) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.35-0.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.39. The company issued revenue guidance of $145-150 million, compared to the consensus revenue estimate of $149.86 million.
Several research firms recently weighed in on FRAN. Zacks Investment Research cut shares of Francesca’s from a hold rating to a strong sell rating in a research note on Tuesday, August 22nd. FBR & Co reaffirmed a neutral rating and set a $8.00 price target (down previously from $10.00) on shares of Francesca’s in a report on Wednesday, September 6th. B. Riley reaffirmed a neutral rating on shares of Francesca’s in a report on Wednesday, November 1st. SunTrust Banks cut their price target on Francesca’s from $15.00 to $10.00 and set a buy rating for the company in a report on Tuesday, August 22nd. Finally, ValuEngine downgraded Francesca’s from a buy rating to a hold rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Francesca’s presently has a consensus rating of Hold and a consensus target price of $13.50.
Francesca’s (FRAN) opened at $7.80 on Tuesday. The company has a market capitalization of $272.20, a PE ratio of 7.64, a P/E/G ratio of 0.57 and a beta of 0.23. Francesca’s has a 52 week low of $6.33 and a 52 week high of $22.39.
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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