Brokerages expect that Franklin Covey Co. (NYSE:FC) will report $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Franklin Covey’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.38. Franklin Covey posted earnings of $0.34 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Thursday, November 8th.
According to Zacks, analysts expect that Franklin Covey will report full year earnings of ($0.20) per share for the current financial year, with EPS estimates ranging from ($0.22) to ($0.17). For the next fiscal year, analysts forecast that the company will report earnings of $0.16 per share, with EPS estimates ranging from $0.11 to $0.20. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Franklin Covey.
FC has been the subject of several recent research reports. B. Riley reduced their price target on Franklin Covey from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, September 17th. Zacks Investment Research cut Franklin Covey from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $33.00.
FC stock traded up $0.03 during trading on Friday, hitting $23.03. 14,649 shares of the company traded hands, compared to its average volume of 43,575. The company has a current ratio of 1.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The stock has a market cap of $307.78 million, a P/E ratio of -60.61, a P/E/G ratio of 9.22 and a beta of 1.04. Franklin Covey has a 1 year low of $18.00 and a 1 year high of $31.20.
A number of hedge funds have recently made changes to their positions in FC. Schwab Charles Investment Management Inc. raised its position in Franklin Covey by 33.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 56,542 shares of the business services provider’s stock valued at $1,521,000 after acquiring an additional 14,173 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in Franklin Covey during the first quarter valued at approximately $347,000. Acadian Asset Management LLC purchased a new position in Franklin Covey during the second quarter valued at approximately $212,000. Cadence Capital Management LLC purchased a new position in Franklin Covey during the second quarter valued at approximately $926,000. Finally, BlackRock Inc. raised its position in Franklin Covey by 3.4% during the second quarter. BlackRock Inc. now owns 809,783 shares of the business services provider’s stock valued at $19,880,000 after acquiring an additional 26,454 shares in the last quarter. Institutional investors own 46.63% of the company’s stock.
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 worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.
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