Wall Street analysts expect that Franklin Covey Co. (NYSE:FC) will announce earnings per share (EPS) of ($0.03) for the current quarter, according to Zacks. Three analysts have issued estimates for Franklin Covey’s earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.04). Franklin Covey posted earnings of ($0.10) per share during the same quarter last year, which would suggest a positive year over year growth rate of 70%. The company is expected to announce its next quarterly earnings results on Wednesday, January 8th.
On average, analysts expect that Franklin Covey will report full-year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.36 to $0.46. For the next financial year, analysts expect that the company will post earnings of $0.78 per share, with EPS estimates ranging from $0.73 to $0.83. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Franklin Covey.
Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. Franklin Covey had a negative net margin of 0.45% and a negative return on equity of 1.33%. The firm had revenue of $65.17 million for the quarter, compared to analyst estimates of $67.99 million.
A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Franklin Covey from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. TheStreet upgraded shares of Franklin Covey from a “c” rating to a “b-” rating in a report on Friday, November 8th. Barrington Research upped their target price on shares of Franklin Covey from $40.00 to $45.00 in a report on Friday, November 8th. William Blair restated a “market perform” rating on shares of Franklin Covey in a report on Tuesday, October 15th. Finally, B. Riley restated a “buy” rating on shares of Franklin Covey in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Franklin Covey currently has a consensus rating of “Buy” and an average price target of $42.38.
Shares of NYSE FC traded down $0.19 during trading on Wednesday, hitting $36.96. 29,800 shares of the company traded hands, compared to its average volume of 35,051. The business’s fifty day moving average is $37.41 and its 200 day moving average is $35.21. Franklin Covey has a fifty-two week low of $20.52 and a fifty-two week high of $41.85. The firm has a market capitalization of $516.09 million, a price-to-earnings ratio of -528.00, a P/E/G ratio of 5.74 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.15.
Several institutional investors and hedge funds have recently bought and sold shares of FC. Pembroke Management LTD increased its stake in Franklin Covey by 4.2% in the 2nd quarter. Pembroke Management LTD now owns 881,276 shares of the business services provider’s stock valued at $29,963,000 after buying an additional 35,773 shares during the last quarter. BlackRock Inc. increased its stake in Franklin Covey by 3.3% in the 2nd quarter. BlackRock Inc. now owns 829,686 shares of the business services provider’s stock valued at $28,209,000 after buying an additional 26,863 shares during the last quarter. Vanguard Group Inc. increased its stake in Franklin Covey by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 543,358 shares of the business services provider’s stock valued at $18,475,000 after buying an additional 7,195 shares during the last quarter. Rice Hall James & Associates LLC increased its stake in Franklin Covey by 5.8% in the 3rd quarter. Rice Hall James & Associates LLC now owns 355,055 shares of the business services provider’s stock valued at $12,427,000 after buying an additional 19,344 shares during the last quarter. Finally, FMR LLC increased its stake in Franklin Covey by 32.1% in the 1st quarter. FMR LLC now owns 298,560 shares of the business services provider’s stock valued at $7,554,000 after buying an additional 72,626 shares during the last quarter. Institutional investors own 48.59% 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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