Wall Street brokerages predict that Franklin Covey Co. (NYSE:FC) will announce earnings of ($0.14) per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Franklin Covey’s earnings, with estimates ranging from ($0.16) to ($0.10). Franklin Covey posted earnings of ($0.25) per share in the same quarter last year, which would suggest a positive year over year growth rate of 44%. The business is scheduled to issue its next quarterly earnings report on Thursday, April 2nd.
On average, analysts expect that Franklin Covey will report full-year earnings of $0.36 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.43. For the next financial year, analysts anticipate that the business will post earnings of $0.76 per share, with EPS estimates ranging from $0.66 to $0.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Franklin Covey.
Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Thursday, January 9th. The business services provider reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $58.61 million during the quarter, compared to analysts’ expectations of $57.42 million. Franklin Covey had a negative return on equity of 0.27% and a negative net margin of 0.09%.
A number of equities research analysts have weighed in on FC shares. TheStreet cut shares of Franklin Covey from a “b-” rating to a “c” rating in a report on Tuesday, December 24th. Zacks Investment Research cut shares of Franklin Covey from a “hold” rating to a “strong sell” rating in a report on Friday, January 10th. B. Riley restated a “buy” rating on shares of Franklin Covey in a report on Monday, November 4th. William Blair reiterated a “market perform” rating on shares of Franklin Covey in a research note on Tuesday, October 15th. Finally, Barrington Research reiterated a “buy” rating and issued a $45.00 target price on shares of Franklin Covey in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $42.38.
FC traded up $0.39 during midday trading on Friday, reaching $33.62. The company’s stock had a trading volume of 111,069 shares, compared to its average volume of 119,944. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.19. Franklin Covey has a 1 year low of $23.25 and a 1 year high of $41.85. The stock’s 50-day moving average is $34.46 and its 200-day moving average is $35.88.
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can lifted its stake in shares of Franklin Covey by 82,600.0% in the second quarter. Bank of Montreal Can now owns 827 shares of the business services provider’s stock worth $28,000 after buying an additional 826 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Franklin Covey in the third quarter worth approximately $31,000. Acadian Asset Management LLC lifted its position in Franklin Covey by 162.9% during the second quarter. Acadian Asset Management LLC now owns 2,111 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 1,308 shares during the period. Dupont Capital Management Corp bought a new position in Franklin Covey during the third quarter valued at approximately $81,000. Finally, Russell Investments Group Ltd. bought a new position in Franklin Covey during the third quarter valued at approximately $84,000. Hedge funds and other institutional investors own 47.86% of the company’s stock.
About Franklin Covey
Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.
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