Zacks: Analysts Expect Papa Murphy’s Holdings, Inc. (FRSH) Will Announce Earnings of $0.08 Per Share
Equities research analysts expect that Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) will report $0.08 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Papa Murphy’s’ earnings, with estimates ranging from $0.01 to $0.15. Papa Murphy’s reported earnings of $0.09 per share in the same quarter last year, which indicates a negative year over year growth rate of 11.1%. The business is expected to report its next earnings report on Wednesday, March 21st.
According to Zacks, analysts expect that Papa Murphy’s will report full year earnings of $0.31 per share for the current financial year, with EPS estimates ranging from $0.28 to $0.34. For the next year, analysts forecast that the business will report earnings of $0.28 per share, with EPS estimates ranging from $0.22 to $0.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Papa Murphy’s.
Papa Murphy’s (NASDAQ:FRSH) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Papa Murphy’s had a negative net margin of 9.72% and a positive return on equity of 5.05%. The firm had revenue of $26.80 million for the quarter, compared to the consensus estimate of $25.03 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The business’s revenue was down 6.0% on a year-over-year basis.
A number of analysts recently issued reports on FRSH shares. Jefferies Group decreased their price objective on shares of Papa Murphy’s from $5.00 to $4.50 and set a “hold” rating for the company in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Papa Murphy’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st.
Shares of Papa Murphy’s (FRSH) traded up $0.05 during mid-day trading on Friday, hitting $6.45. 64,400 shares of the stock traded hands, compared to its average volume of 176,923. The stock has a market capitalization of $106.71, a P/E ratio of 22.46, a P/E/G ratio of 2.54 and a beta of 0.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.28 and a current ratio of 0.31. Papa Murphy’s has a 52 week low of $3.50 and a 52 week high of $6.80.
Large investors have recently added to or reduced their stakes in the stock. Signia Capital Management LLC boosted its holdings in shares of Papa Murphy’s by 2.9% during the 3rd quarter. Signia Capital Management LLC now owns 546,739 shares of the company’s stock valued at $3,253,000 after buying an additional 15,343 shares in the last quarter. B. Riley Financial Inc. bought a new stake in shares of Papa Murphy’s during the 2nd quarter valued at $437,000. Dimensional Fund Advisors LP boosted its holdings in shares of Papa Murphy’s by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 48,466 shares of the company’s stock valued at $212,000 after buying an additional 1,863 shares in the last quarter. FMR LLC bought a new stake in shares of Papa Murphy’s during the 2nd quarter valued at $361,000. Finally, Verity Asset Management Inc. bought a new stake in shares of Papa Murphy’s during the 2nd quarter valued at $100,000. Institutional investors and hedge funds own 32.66% of the company’s stock.
WARNING: “Zacks: Analysts Expect Papa Murphy’s Holdings, Inc. (FRSH) Will Announce Earnings of $0.08 Per Share” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/zacks-analysts-expect-papa-murphys-holdings-inc-frsh-will-announce-earnings-of-0-08-per-share/1733691.html.
About Papa Murphy’s
Papa Murphy’s Holdings, Inc is a holding company. The Company, together with its subsidiaries, is a franchisor and operator of the Take ‘N’ Bake pizza chain in the United States. The Company franchises the right to operate Take ‘N’ Bake pizza franchises and operates Take ‘N’ Bake pizza stores owned by the Company.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Papa Murphy's Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa Murphy's Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.