Brokers Set Expectations for Francesca's Holdings Corp’s FY2018 Earnings (FRAN)
Francesca's Holdings Corp (NASDAQ:FRAN) – Equities researchers at KeyCorp decreased their FY2018 earnings per share estimates for shares of Francesca's in a research note issued to investors on Wednesday. KeyCorp analyst E. Yruma now anticipates that the specialty retailer will post earnings per share of $0.52 for the year, down from their previous estimate of $0.69. KeyCorp also issued estimates for Francesca's’ Q4 2018 earnings at $0.20 EPS, Q1 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.57 EPS.
Francesca's (NASDAQ:FRAN) last posted its quarterly earnings results on Tuesday, December 5th. The specialty retailer reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The company had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.02 million. Francesca's had a net margin of 5.52% and a return on equity of 23.19%. Francesca's’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Francesca's (NASDAQ:FRAN) traded up $0.23 on Monday, reaching $5.82. 2,007,100 shares of the company traded hands, compared to its average volume of 2,588,811. The company has a market capitalization of $210.57, a price-to-earnings ratio of 8.20, a P/E/G ratio of 0.89 and a beta of 0.23. Francesca's has a one year low of $5.31 and a one year high of $19.50.
In other Francesca's news, CEO Steven Paul Lawrence acquired 10,000 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were acquired at an average cost of $5.56 per share, with a total value of $55,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.19% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Koch Industries Inc. purchased a new stake in Francesca's during the second quarter valued at about $110,000. Verition Fund Management LLC purchased a new stake in Francesca's during the second quarter valued at about $224,000. Cubist Systematic Strategies LLC lifted its holdings in Francesca's by 233.9% during the third quarter. Cubist Systematic Strategies LLC now owns 77,084 shares of the specialty retailer’s stock valued at $567,000 after purchasing an additional 53,998 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Francesca's by 26.0% in the second quarter. Gotham Asset Management LLC now owns 101,220 shares of the specialty retailer’s stock worth $1,107,000 after buying an additional 20,865 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Francesca's by 10.9% in the second quarter. Goldman Sachs Group Inc. now owns 300,769 shares of the specialty retailer’s stock worth $3,290,000 after buying an additional 29,596 shares in the last quarter.
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Francesca's Company Profile
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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