Analysts Expect Papa Murphy's Holdings Inc (FRSH) Will Post Quarterly Sales of $30.35 Million

Wall Street analysts expect Papa Murphy's Holdings Inc (NASDAQ:FRSH) to post sales of $30.35 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Papa Murphy's’ earnings, with estimates ranging from $30.07 million to $30.62 million. Papa Murphy's reported sales of $35.49 million in the same quarter last year, which suggests a negative year over year growth rate of 14.5%. The business is expected to issue its next quarterly earnings results on Wednesday, March 21st.

According to Zacks, analysts expect that Papa Murphy's will report full year sales of $30.35 million for the current financial year, with estimates ranging from $117.99 million to $118.54 million. For the next year, analysts forecast that the business will post sales of $97.29 million per share, with estimates ranging from $92.06 million to $102.51 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Papa Murphy's.

Papa Murphy's (NASDAQ:FRSH) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. The business had revenue of $26.80 million for the quarter, compared to analyst estimates of $25.03 million. Papa Murphy's had a positive return on equity of 5.05% and a negative net margin of 9.72%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) EPS.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRSH. Dimensional Fund Advisors LP grew its holdings in Papa Murphy's by 4.0% in 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 during the last quarter. FMR LLC acquired a new stake in Papa Murphy's in the 2nd quarter valued at approximately $361,000. B. Riley Financial Inc. acquired a new stake in Papa Murphy's in the 2nd quarter valued at approximately $437,000. Finally, Signia Capital Management LLC grew its holdings in Papa Murphy's by 2.9% in 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 during the last quarter. 32.27% of the stock is currently owned by hedge funds and other institutional investors.

Papa Murphy's (NASDAQ:FRSH) traded down $0.16 on Friday, reaching $5.31. The company’s stock had a trading volume of 91,900 shares, compared to its average volume of 154,808. The firm has a market cap of $95.01, a price-to-earnings ratio of -7.48, a P/E/G ratio of 2.73 and a beta of 0.14. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.31 and a quick ratio of 0.28. Papa Murphy's has a 12-month low of $3.50 and a 12-month high of $6.80.

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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.

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