Freedom (NASDAQ:FRHC) Issues Quarterly Earnings Results, Misses Expectations By $0.74 EPS

by · The Markets Daily

Freedom (NASDAQ:FRHC – Get Free Report) posted its earnings results on Monday. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.74), FiscalAI reports. Freedom had a net margin of 0.13% and a return on equity of 0.21%. The company had revenue of $486.15 million during the quarter, compared to analyst estimates of $124.14 million.

Freedom Stock Up 5.4%

Shares of Freedom stock traded up $7.65 during trading on Monday, hitting $150.47. 208,233 shares of the stock were exchanged, compared to its average volume of 107,829. Freedom has a 12-month low of $107.97 and a 12-month high of $194.01. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 7,523.50 and a beta of 0.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.15 and a quick ratio of 1.15. The firm’s 50-day moving average price is $147.13 and its 200 day moving average price is $135.24.

Analyst Upgrades and Downgrades

FRHC has been the subject of several research reports. Weiss Ratings upgraded shares of Freedom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Loop Capital set a $138.00 price target on shares of Freedom in a research note on Thursday, February 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Freedom presently has an average rating of “Sell” and an average price target of $138.00.

View Our Latest Stock Report on FRHC

Institutional Investors Weigh In On Freedom

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Xponance LLC lifted its position in Freedom by 4.1% in the fourth quarter. Xponance LLC now owns 2,498 shares of the company’s stock valued at $304,000 after acquiring an additional 98 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Freedom by 1.2% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 8,110 shares of the company’s stock valued at $987,000 after acquiring an additional 98 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Freedom by 290.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in Freedom by 18.2% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,406 shares of the company’s stock valued at $171,000 after acquiring an additional 216 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its position in Freedom by 9.6% in the fourth quarter. Engineers Gate Manager LP now owns 2,948 shares of the company’s stock valued at $359,000 after acquiring an additional 257 shares during the last quarter. 1.26% of the stock is owned by hedge funds and other institutional investors.

Freedom Company Profile

(Get Free Report)

Freedom Holding Corp (NASDAQ: FRHC) is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.

The firm’s product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.

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