Published On: Wed, Sep 7th, 2016

Francesca’s Holdings Corp. (FRAN) Releases Q3 Earnings Guidance

Francesca’s Holdings Corp. (NASDAQ:FRAN) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.16-0.19 for the period, compared to the Thomson Reuters consensus estimate of $0.16. The company issued revenue guidance of $114-118 million, compared to the consensus revenue estimate of $110.22 million.Francesca’s Holdings Corp. also updated its FY17 guidance to $0.93-1.00 EPS.
Several research analysts have issued reports on the company. Mizuho reaffirmed a hold rating and set a $11.00 price objective on shares of Francesca’s Holdings Corp. in a report on Friday, June 10th. Jefferies Group reaffirmed a hold rating on shares of Francesca’s Holdings Corp. in a report on Monday, August 22nd. Zacks Investment Research downgraded Francesca’s Holdings Corp. from a hold rating to a sell rating in a report on Tuesday, May 24th. Stifel Nicolaus reaffirmed a hold rating on shares of Francesca’s Holdings Corp. in a report on Saturday, June 11th. Finally, SunTrust Banks reduced their price objective on Francesca’s Holdings Corp. from $22.00 to $16.00 and set a buy rating on the stock in a report on Wednesday, May 18th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $14.67.
Shares of Francesca’s Holdings Corp. (NASDAQ:FRAN) opened at 13.99 on Wednesday. Francesca’s Holdings Corp. has a 52 week low of $9.75 and a 52 week high of $19.90. The firm has a market cap of $561.78 million and a P/E ratio of 15.29. The company’s 50-day moving average price is $13.29 and its 200 day moving average price is $14.48.

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Francesca’s Holdings Corp. (NASDAQ:FRAN) last posted its earnings results on Wednesday, September 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The company had revenue of $115.30 million for the quarter, compared to the consensus estimate of $109.16 million. During the same period in the previous year, the firm posted $0.22 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities analysts anticipate that Francesca’s Holdings Corp. will post $0.87 earnings per share for the current year.
In related news, CEO Richard W. Kunes bought 20,000 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were purchased at an average price of $10.56 per share, with a total value of $211,200.00. Following the completion of the purchase, the chief executive officer now owns 20,000 shares in the company, valued at approximately $211,200. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Laurie Hummel bought 9,500 shares of the firm’s stock in a transaction on Friday, June 24th. The shares were bought at an average cost of $10.46 per share, for a total transaction 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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