Francesca's Holdings Corp (FRAN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Francesca's Holdings Corp (FRAN) reported quarterly earnings results on Thursday, Jun-9-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.17. The company posted revenue of $106.10 million in the period, compared to analysts expectations of $107.04 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Many Wall Street Analysts have commented on Francesca's Holdings Corp. Shares were Reiterated by Sun Trust Rbsn Humphrey on May 18, 2016 to “Buy” and Lowered the Price Target to $ 16 from a previous price target of $22 .Shares were Reiterated by SunTrust on May 18, 2016 to “Buy” and Lowered the Price Target to $ 16 from a previous price target of $22 .Francesca's Holdings Corp was Downgraded by Jefferies to ” Hold” on May 17, 2016.

Francesca's Holdings Corp opened for trading at $10.5 and hit $10.7001 on the upside on Tuesday, eventually ending the session at $10.53, with a gain of 0.38% or 0.04 points. The heightened volatility saw the trading volume jump to 14,94,530 shares. Company has a market cap of $426 M.

In a different news, on Sep 16, 2015, Michael W Barnes (CEO) purchased 26,000 shares at $11.66 per share price. According to the SEC, on Sep 16, 2015, Martyn R Redgrave (director) purchased 21,000 shares at $11.88 per share price.

Francesca’s Holdings Corporation is a holding company. The Company’s business operations are conducted through its subsidiaries. The Company operates a national chain of retail boutiques designed and merchandised to feel like independently owned upscale boutiques and provide its customers with an inviting shopping experience. The Company offers a mix of apparel jewelry accessories and gifts. The Company operates approximately 539 boutiques which are located in 47 states throughout the United States and the District of Columbia and its direct-to-consumer Website. The Company’s direct-to-consumer business consists of its Website. Through its Website its customers are able to purchase individual items shop the latest jewelry gift or fashion merchandise and special promotions.

Francesca's Holdings Corp

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