Zacks: Brokerages Expect Franklin Covey Company (FC) Will Announce Earnings of -$0.33 Per Share

Equities research analysts expect Franklin Covey Company (NYSE:FC) to announce earnings per share of ($0.33) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Franklin Covey’s earnings, with the lowest EPS estimate coming in at ($0.40) and the highest estimate coming in at ($0.28). Franklin Covey posted earnings of ($0.29) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 13.8%. The business is scheduled to report its next quarterly earnings results on Thursday, January 4th.

On average, analysts expect that Franklin Covey will report full-year earnings of ($0.25) per share for the current financial year, with EPS estimates ranging from ($0.34) to ($0.18). For the next year, analysts anticipate that the company will report earnings of $0.05 per share, with EPS estimates ranging from $0.00 to $0.12. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Franklin Covey.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Thursday, November 9th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Franklin Covey had a negative return on equity of 5.50% and a negative net margin of 3.87%. The business had revenue of $59.50 million during the quarter, compared to analysts’ expectations of $64.60 million. During the same period in the previous year, the business earned $0.55 EPS. The business’s revenue was down 8.2% compared to the same quarter last year.

A number of analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $22.00 price target on shares of Franklin Covey in a research note on Tuesday, November 7th. Zacks Investment Research raised Franklin Covey from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Finally, BidaskClub lowered Franklin Covey from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Franklin Covey has a consensus rating of “Hold” and a consensus price target of $22.00.

In other Franklin Covey news, Director Joel Clinton Peterson sold 1,792 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $20.33, for a total transaction of $36,431.36. Following the completion of the transaction, the director now owns 225,280 shares of the company’s stock, valued at $4,579,942.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 5,377 shares of company stock valued at $104,045 in the last three months. Insiders own 33.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in FC. Wells Fargo & Company MN lifted its position in Franklin Covey by 24.5% during the first quarter. Wells Fargo & Company MN now owns 8,617 shares of the business services provider’s stock valued at $174,000 after buying an additional 1,693 shares during the period. Bank of New York Mellon Corp lifted its position in Franklin Covey by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 78,590 shares of the business services provider’s stock valued at $1,587,000 after buying an additional 2,646 shares during the period. American International Group Inc. lifted its position in Franklin Covey by 7.3% during the first quarter. American International Group Inc. now owns 6,300 shares of the business services provider’s stock valued at $127,000 after buying an additional 427 shares during the period. California Public Employees Retirement System purchased a new position in Franklin Covey during the first quarter valued at $210,000. Finally, Vanguard Group Inc. lifted its position in Franklin Covey by 4.3% during the first quarter. Vanguard Group Inc. now owns 488,489 shares of the business services provider’s stock valued at $9,867,000 after buying an additional 20,353 shares during the period. 52.05% of the stock is owned by institutional investors and hedge funds.

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Shares of Franklin Covey (NYSE:FC) traded up $0.40 during mid-day trading on Thursday, reaching $20.15. The company had a trading volume of 29,604 shares, compared to its average volume of 26,482. Franklin Covey has a 12 month low of $15.20 and a 12 month high of $22.45. The company has a quick ratio of 1.10, a current ratio of 1.14 and a debt-to-equity ratio of 0.45.

Franklin Covey Company Profile

Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.

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Earnings History and Estimates for Franklin Covey (NYSE:FC)

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