Brokerages expect Franklin Covey Co. (NYSE:FC) to announce $49.03 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Franklin Covey’s earnings. The highest sales estimate is $50.00 million and the lowest is $48.50 million. Franklin Covey posted sales of $53.75 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.8%. The business is expected to announce its next quarterly earnings results on Thursday, April 1st.
According to Zacks, analysts expect that Franklin Covey will report full year sales of $213.84 million for the current fiscal year, with estimates ranging from $212.82 million to $215.10 million. For the next fiscal year, analysts forecast that the business will report sales of $232.78 million, with estimates ranging from $230.93 million to $233.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Franklin Covey.
Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Wednesday, January 6th. The business services provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.08. Franklin Covey had a positive return on equity of 2.73% and a negative net margin of 4.75%.
A number of analysts recently commented on the company. BidaskClub cut Franklin Covey from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 31st. ValuEngine upgraded Franklin Covey from a “hold” rating to a “buy” rating in a research report on Tuesday, November 10th. Barrington Research upped their price target on Franklin Covey from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, January 8th. They noted that the move was a valuation call. Zacks Investment Research cut Franklin Covey from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Roth Capital upped their price target on Franklin Covey from $25.00 to $30.00 in a research report on Monday, November 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.00.
In other news, Director Esther Kay Stepp sold 4,075 shares of the company’s stock in a transaction dated Tuesday, November 24th. The stock was sold at an average price of $22.61, for a total value of $92,135.75. Following the completion of the transaction, the director now owns 20,615 shares of the company’s stock, valued at $466,105.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 33.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its stake in shares of Franklin Covey by 4.0% in the third quarter. California Public Employees Retirement System now owns 28,912 shares of the business services provider’s stock worth $513,000 after acquiring an additional 1,100 shares during the period. Lapides Asset Management LLC boosted its stake in shares of Franklin Covey by 1.1% in the third quarter. Lapides Asset Management LLC now owns 144,300 shares of the business services provider’s stock worth $2,560,000 after acquiring an additional 1,500 shares during the period. American International Group Inc. boosted its stake in shares of Franklin Covey by 32.8% in the second quarter. American International Group Inc. now owns 7,661 shares of the business services provider’s stock worth $164,000 after acquiring an additional 1,894 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Franklin Covey by 543.7% during the third quarter. BNP Paribas Arbitrage SA now owns 2,948 shares of the business services provider’s stock valued at $52,000 after buying an additional 2,490 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Franklin Covey by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 53,734 shares of the business services provider’s stock valued at $1,150,000 after buying an additional 2,929 shares during the last quarter. 59.01% of the stock is owned by hedge funds and other institutional investors.
Franklin Covey stock opened at $24.67 on Wednesday. The stock has a market cap of $346.00 million, a PE ratio of -36.28, a price-to-earnings-growth ratio of 50.16 and a beta of 1.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.96 and a current ratio of 0.99. Franklin Covey has a one year low of $12.61 and a one year high of $35.91. The stock has a fifty day moving average of $23.02 and a 200 day moving average of $20.27.
Franklin Covey Company Profile
Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, leadership, and educational improvement for organizations and individuals worldwide. The company operates through three segments: Direct Offices, International Licensees, and Education Practice.
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