Francesca’s Holdings Corp. (FRAN) Releases FY17 Earnings Guidance
Francesca’s Holdings Corp. (NASDAQ:FRAN) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.93-1.00 for the period, compared to the Thomson Reuters consensus estimate of $0.87. The company issued revenue guidance of $473-488 million, compared to the consensus revenue estimate of $469.40 million.Francesca’s Holdings Corp. also updated its Q3 guidance to $0.16-0.19 EPS.
Shares of Francesca’s Holdings Corp. (NASDAQ:FRAN) opened at 13.99 on Wednesday. The stock has a 50 day moving average of $13.29 and a 200-day moving average of $14.48. Francesca’s Holdings Corp. has a 52 week low of $9.75 and a 52 week high of $19.90. The company has a market capitalization of $561.78 million and a price-to-earnings ratio of 15.29.
Francesca’s Holdings Corp. (NASDAQ:FRAN) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.09. The company earned $115.30 million during the quarter, compared to the consensus estimate of $109.16 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts anticipate that Francesca’s Holdings Corp. will post $0.87 EPS for the current year.
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A number of research analysts have recently commented on FRAN shares. Nomura restated a buy rating and issued a $13.00 price target on shares of Francesca’s Holdings Corp. in a report on Wednesday, July 6th. Zacks Investment Research upgraded shares of Francesca’s Holdings Corp. from a strong sell rating to a buy rating and set a $15.00 target price on the stock in a report on Tuesday, August 9th. Mizuho reiterated a hold rating and set a $11.00 target price on shares of Francesca’s Holdings Corp. in a report on Friday, June 10th. Jefferies Group cut shares of Francesca’s Holdings Corp. from a buy rating to a hold rating and dropped their target price for the stock from $22.00 to $11.00 in a report on Tuesday, May 17th. Finally, Wolfe Research cut shares of Francesca’s Holdings Corp. from an outperform rating to a peer perform rating in a report on Tuesday, May 17th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Francesca’s Holdings Corp. currently has an average rating of Hold and a consensus target price of $14.67.
In related news, CEO Richard W. Kunes acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was purchased at an average cost of $10.56 per share, with a total value of $211,200.00. Following the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $211,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laurie Hummel acquired 9,500 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The stock was bought at an average cost of $10.46 per share, with a total value of $99,370.00. The disclosure for this purchase can be found here.
Francesca’s Holdings Corporation is a holding company, which conducts its business operations through its subsidiaries. The Company is a specialty retailer that operates a nationwide-chain of boutiques. It is engaged in the operation of boutiques and its direct-to-consumer Website segment. The merchandise assortment is a mix of apparel, jewelry, accessories and gifts.
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