According to Zacks, “Franklin Covey Co. is an international learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs, educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective. “
FC has been the topic of several other research reports. Roth Capital raised their target price on shares of Franklin Covey from $25.00 to $30.00 in a report on Monday, November 9th. BidaskClub cut shares of Franklin Covey from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 31st. William Blair reiterated a “market perform” rating on shares of Franklin Covey in a research note on Friday, November 6th. ValuEngine raised Franklin Covey from a “hold” rating to a “buy” rating in a research note on Tuesday, November 10th. Finally, Barrington Research increased their target price on Franklin Covey from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Franklin Covey presently has an average rating of “Hold” and an average price target of $28.00.
Shares of FC traded up $0.54 on Tuesday, hitting $24.67. 105,665 shares of the stock traded hands, compared to its average volume of 80,381. The company has a market capitalization of $346.00 million, a PE ratio of -36.28, a P/E/G 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. The business has a 50 day simple moving average of $23.02 and a 200 day simple moving average of $20.27. Franklin Covey has a one year low of $12.61 and a one year high of $35.91.
Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, January 6th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.08. Franklin Covey had a negative net margin of 4.75% and a positive return on equity of 2.73%. On average, equities analysts expect that Franklin Covey will post 0.03 earnings per share for the current year.
In related news, Director Esther Kay Stepp sold 4,075 shares of the firm’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $22.61, for a total transaction of $92,135.75. Following the completion of the sale, the director now directly owns 20,615 shares of the company’s stock, valued at approximately $466,105.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 33.20% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System boosted its stake in Franklin Covey by 4.0% during the 3rd quarter. California Public Employees Retirement System now owns 28,912 shares of the business services provider’s stock worth $513,000 after purchasing an additional 1,100 shares during the last quarter. Lapides Asset Management LLC raised its stake in Franklin Covey by 1.1% during the 3rd 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 in the last quarter. American International Group Inc. raised its stake in Franklin Covey by 32.8% during the 2nd 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 in the last quarter. BNP Paribas Arbitrage SA raised its stake in Franklin Covey by 543.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,948 shares of the business services provider’s stock worth $52,000 after acquiring an additional 2,490 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Franklin Covey by 5.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 53,734 shares of the business services provider’s stock worth $1,150,000 after acquiring an additional 2,929 shares in the last quarter. Institutional investors own 59.01% of the company’s stock.
About Franklin Covey
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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