The Property Franchise Group (LON:TPFG) Issues Quarterly Earnings Results

The Property Franchise Group (LON:TPFG) announced its earnings results on Tuesday. The company reported GBX 31.70 ($0.41) earnings per share for the quarter, Digital Look Earnings reports. The Property Franchise Group had a return on equity of 8.40% and a net margin of 18.96%.

The Property Franchise Group Stock Performance

Shares of The Property Franchise Group stock opened at GBX 410.25 ($5.24) on Thursday. The firm has a market cap of £260.93 million, a P/E ratio of 16.95 and a beta of 0.42. The Property Franchise Group has a twelve month low of GBX 336.55 ($4.30) and a twelve month high of GBX 490 ($6.26). The firm’s 50-day simple moving average is GBX 428.24 and its 200-day simple moving average is GBX 422.88.

The Property Franchise Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 21st. Stockholders of record on Thursday, April 17th will be issued a dividend of GBX 12 ($0.15) per share. This is an increase from The Property Franchise Group’s previous dividend of $6.00. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 2.93%. The Property Franchise Group’s payout ratio is presently 53.71%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their target price on The Property Franchise Group from GBX 589 ($7.53) to GBX 595 ($7.60) and gave the company a “buy” rating in a report on Tuesday.

Insider Transactions at The Property Franchise Group

In related news, insider Michelle Brook sold 8,788 shares of the stock in a transaction on Monday, February 17th. The shares were sold at an average price of GBX 439 ($5.61), for a total transaction of £38,579.32 ($49,296.35). 19.92% of the stock is owned by company insiders.

The Property Franchise Group Company Profile

The Property Franchise Group PLC (AIM: TPFG) is the UK’s largest multi-brand property franchisor, with a network of over 1,946 outlets delivering high quality services to residential clients, combined with an established Financial Services business.

The Company was founded in 1986 and has since strategically grown to a diverse portfolio of 18 brands operating throughout the UK, comprising longstanding high-street focused brands and two hybrid brands.