Franklin Covey (FC) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Franklin Covey (NYSE:FC) from a sell rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “Franklin Covey Co. is an international learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs, educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective. “

Other equities research analysts also recently issued research reports about the company. Barrington Research upgraded Franklin Covey from a market perform rating to an outperform rating in a report on Tuesday. B. Riley restated a buy rating and set a $22.00 price objective on shares of Franklin Covey in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $21.00.

Shares of Franklin Covey (NYSE FC) traded up $0.45 on Tuesday, reaching $30.45. The company’s stock had a trading volume of 131,600 shares, compared to its average volume of 148,012. Franklin Covey has a 12-month low of $15.20 and a 12-month high of $30.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.14. The firm has a market capitalization of $411.08, a price-to-earnings ratio of -74.27 and a beta of 0.82.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Thursday, January 4th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.16. Franklin Covey had a negative return on equity of 3.75% and a negative net margin of 2.90%. The firm had revenue of $47.90 million for the quarter, compared to analyst estimates of $43.47 million. During the same period in the previous year, the firm earned ($0.29) earnings per share. The company’s revenue was up 20.4% compared to the same quarter last year. equities research analysts expect that Franklin Covey will post -0.25 EPS for the current fiscal year.

In other news, Director Joel Clinton Peterson sold 1,793 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $19.13, for a total transaction of $34,300.09. Following the completion of the sale, the director now owns 223,487 shares in the company, valued at $4,275,306.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 33.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Pembroke Management LTD grew its holdings in Franklin Covey by 6.2% during the third quarter. Pembroke Management LTD now owns 963,872 shares of the business services provider’s stock worth $19,567,000 after buying an additional 56,500 shares in the last quarter. Vanguard Group Inc. grew its holdings in Franklin Covey by 1.9% during the second quarter. Vanguard Group Inc. now owns 497,768 shares of the business services provider’s stock worth $9,607,000 after buying an additional 9,279 shares in the last quarter. State Street Corp grew its holdings in Franklin Covey by 13.6% during the second quarter. State Street Corp now owns 201,339 shares of the business services provider’s stock worth $3,884,000 after buying an additional 24,088 shares in the last quarter. Teachers Advisors LLC grew its holdings in Franklin Covey by 13.0% during the second quarter. Teachers Advisors LLC now owns 19,159 shares of the business services provider’s stock worth $370,000 after buying an additional 2,211 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Franklin Covey by 30.8% during the second quarter. California Public Employees Retirement System now owns 13,592 shares of the business services provider’s stock worth $262,000 after buying an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 49.68% of the company’s stock.

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About Franklin Covey

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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