Analysts expect Franklin Covey Co. (NYSE:FC) to report sales of $54.30 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Franklin Covey’s earnings. The highest sales estimate is $54.50 million and the lowest is $54.10 million. Franklin Covey reported sales of $50.36 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.8%. The company is scheduled to issue its next quarterly earnings results on Thursday, April 2nd.
On average, analysts expect that Franklin Covey will report full year sales of $244.06 million for the current year, with estimates ranging from $242.78 million to $244.62 million. For the next fiscal year, analysts expect that the company will report sales of $263.20 million, with estimates ranging from $260.48 million to $265.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Franklin Covey.
Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Thursday, January 9th. The business services provider reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $58.61 million for the quarter, compared to analysts’ expectations of $57.42 million. Franklin Covey had a negative net margin of 0.09% and a negative return on equity of 0.27%.
Several analysts have issued reports on FC shares. B. Riley reiterated a “buy” rating on shares of Franklin Covey in a research note on Monday, November 4th. 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. ValuEngine cut shares of Franklin Covey from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut shares of Franklin Covey from a “hold” rating to a “strong sell” rating in a research note on Friday, January 10th. Finally, William Blair reiterated a “market perform” rating on shares of Franklin Covey in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.38.
Several institutional investors have recently bought and sold shares of FC. FMR LLC raised its position in shares of Franklin Covey by 32.1% during 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 in the last quarter. Millennium Management LLC bought a new position in shares of Franklin Covey during the 3rd quarter valued at $2,387,000. BlackRock Inc. grew its holdings in shares of Franklin Covey by 3.3% during the 2nd quarter. BlackRock Inc. now owns 829,686 shares of the business services provider’s stock valued at $28,209,000 after purchasing an additional 26,863 shares during the last quarter. Rice Hall James & Associates LLC grew its holdings in shares of Franklin Covey by 5.8% during 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 purchasing an additional 19,344 shares during the last quarter. Finally, Centaurus Financial Inc. grew its holdings in shares of Franklin Covey by 3,847.8% during the 2nd quarter. Centaurus Financial Inc. now owns 15,199 shares of the business services provider’s stock valued at $517,000 after purchasing an additional 14,814 shares during the last quarter. Hedge funds and other institutional investors own 47.86% of the company’s stock.
Shares of FC stock traded up $0.57 during trading on Monday, reaching $33.29. 2,051 shares of the company’s stock traded hands, compared to its average volume of 107,546. The company has a market capitalization of $449.62 million, a P/E ratio of -473.29, a PEG ratio of 5.56 and a beta of 0.81. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average is $34.60 and its 200 day moving average is $35.88. Franklin Covey has a 1 year low of $23.25 and a 1 year high of $41.85.
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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