Franchise Brands (LON:FRAN) Issues Quarterly Earnings Results

Franchise Brands (LON:FRAN) released its earnings results on Wednesday. The company reported GBX 9 EPS for the quarter, Digital Look Earnings reports. Franchise Brands had a return on equity of 3.60% and a net margin of 5.66%.

Franchise Brands Stock Up 4.1%

FRAN stock traded up GBX 4.55 during midday trading on Wednesday, hitting GBX 116.55. The company’s stock had a trading volume of 138,265 shares, compared to its average volume of 281,108. The firm’s 50-day moving average is GBX 128.92 and its 200-day moving average is GBX 130.71. The company has a current ratio of 1.25, a quick ratio of 1.57 and a debt-to-equity ratio of 35.78. Franchise Brands has a 12 month low of GBX 104.66 and a 12 month high of GBX 160. The company has a market cap of £224.28 million, a PE ratio of 28.99 and a beta of 0.39.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 185 price target on shares of Franchise Brands in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Franchise Brands presently has a consensus rating of “Buy” and an average price target of GBX 185.

About Franchise Brands

Franchise Brands is an international, multi-brand franchisor focused on B2B van-based service with seven franchise brands and a presence in 10 countries across the UK, North America and Europe. The Group is focused on building market-leading businesses primarily via a franchise model and has a combined network of over 600 franchisees.

The Company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the Group’s central support services, particularly technology, marketing, and finance.