FY2024 EPS Estimates for Franklin Covey Co. (NYSE:FC) Cut by Roth Capital

Franklin Covey Co. (NYSE:FC) – Analysts at Roth Capital reduced their FY2024 earnings per share estimates for shares of Franklin Covey in a research report issued to clients and investors on Thursday, June 27th. Roth Capital analyst J. Martin now expects that the business services provider will earn $1.55 per share for the year, down from their prior estimate of $1.62. The consensus estimate for Franklin Covey’s current full-year earnings is $1.66 per share. Roth Capital also issued estimates for Franklin Covey’s Q4 2024 earnings at $0.70 EPS.

A number of other equities analysts also recently issued reports on FC. Northland Securities cut their price objective on shares of Franklin Covey from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. Barrington Research restated an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a report on Thursday, June 27th. StockNews.com upgraded shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Roth Mkm restated a “buy” rating and issued a $50.00 target price on shares of Franklin Covey in a research note on Thursday, June 27th.

Franklin Covey Trading Up 3.7 %

NYSE:FC opened at $38.24 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85. Franklin Covey has a one year low of $32.19 and a one year high of $48.76. The company has a market cap of $507.44 million, a PE ratio of 28.54, a PEG ratio of 1.14 and a beta of 1.24. The firm has a 50-day moving average of $37.11 and a 200-day moving average of $38.94.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, June 26th. The business services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%. The firm had revenue of $73.37 million during the quarter, compared to the consensus estimate of $72.12 million. During the same quarter in the previous year, the company posted $0.32 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Partners Capital Investment Group LLP bought a new position in shares of Franklin Covey in the fourth quarter worth approximately $404,000. Hsbc Holdings PLC raised its position in shares of Franklin Covey by 120.4% during the 3rd quarter. Hsbc Holdings PLC now owns 14,224 shares of the business services provider’s stock valued at $609,000 after buying an additional 7,770 shares in the last quarter. Worth Venture Partners LLC lifted its holdings in shares of Franklin Covey by 8.7% during the 3rd quarter. Worth Venture Partners LLC now owns 48,178 shares of the business services provider’s stock worth $2,068,000 after acquiring an additional 3,855 shares during the last quarter. Legato Capital Management LLC grew its position in Franklin Covey by 8.8% in the fourth quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock worth $263,000 after acquiring an additional 489 shares in the last quarter. Finally, Quadrature Capital Ltd increased its stake in Franklin Covey by 54.7% in the third quarter. Quadrature Capital Ltd now owns 9,021 shares of the business services provider’s stock valued at $387,000 after acquiring an additional 3,189 shares during the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.