Published On: Wed, Sep 7th, 2016

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/07/francescas-holdings-corp-fran-releases-fy17-earnings-guidance.html

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.

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

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>