FranklinCovey (NYSE:FC) – Analysts at B. Riley cut their Q3 2018 earnings per share (EPS) estimates for shares of FranklinCovey in a research note issued on Thursday, April 5th. B. Riley analyst K. Liu now expects that the business services provider will post earnings of ($0.27) per share for the quarter, down from their prior forecast of ($0.23). B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for FranklinCovey’s FY2018 earnings at ($0.27) EPS, Q1 2019 earnings at ($0.10) EPS and Q2 2019 earnings at ($0.22) EPS.
A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of FranklinCovey from a “hold” rating to a “sell” rating in a research report on Friday. Roth Capital raised their price target on shares of FranklinCovey from $26.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday. Barrington Research raised their price target on shares of FranklinCovey from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, ValuEngine raised shares of FranklinCovey from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $30.00.
NYSE:FC opened at $26.35 on Monday. FranklinCovey has a 52 week low of $17.35 and a 52 week high of $31.20. The stock has a market cap of $365.16, a P/E ratio of -69.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 1.14.
FranklinCovey (NYSE:FC) last posted its earnings results on Wednesday, April 4th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.19. The company had revenue of $46.55 million during the quarter, compared to analysts’ expectations of $46.50 million. FranklinCovey had a negative net margin of 2.54% and a negative return on equity of 5.73%.
A number of large investors have recently added to or reduced their stakes in FC. Stone Ridge Asset Management LLC bought a new position in FranklinCovey during the fourth quarter worth about $528,000. Millennium Management LLC bought a new position in FranklinCovey during the fourth quarter worth about $231,000. Jefferies Group LLC bought a new position in FranklinCovey during the fourth quarter worth about $212,000. California Public Employees Retirement System increased its position in FranklinCovey by 36.3% during the fourth quarter. California Public Employees Retirement System now owns 26,890 shares of the business services provider’s stock worth $558,000 after acquiring an additional 7,158 shares during the period. Finally, Wells Fargo & Company MN increased its position in FranklinCovey by 59.0% during the third quarter. Wells Fargo & Company MN now owns 11,011 shares of the business services provider’s stock worth $223,000 after acquiring an additional 4,087 shares during the period. 49.01% of the stock is currently owned by institutional investors and hedge funds.
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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 worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.
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