Zacks Investment Research Downgrades Franklin Covey (FC) to Strong Sell

Franklin Covey (NYSE:FC) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

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. “

Separately, B. Riley dropped their price objective on Franklin Covey from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, September 17th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.00.

FC opened at $23.46 on Friday. Franklin Covey has a 52-week low of $18.00 and a 52-week high of $31.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.04. The firm has a market cap of $315.15 million, a P/E ratio of -45.12, a price-to-earnings-growth ratio of 9.44 and a beta of 1.01.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Friday, November 9th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.22). Franklin Covey had a negative net margin of 1.47% and a negative return on equity of 4.99%. The business had revenue of $64.82 million for the quarter, compared to analysts’ expectations of $66.65 million. As a group, research analysts forecast that Franklin Covey will post 0.16 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. purchased a new position in Franklin Covey during the 2nd quarter valued at $226,000. Centaurus Financial Inc. purchased a new stake in shares of Franklin Covey in the 2nd quarter worth $373,000. Strs Ohio lifted its holdings in shares of Franklin Covey by 11.2% in the 3rd quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock worth $678,000 after buying an additional 2,900 shares during the period. Cadence Capital Management LLC purchased a new stake in shares of Franklin Covey in the 2nd quarter worth $926,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Franklin Covey by 3.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 58,588 shares of the business services provider’s stock worth $1,439,000 after buying an additional 2,046 shares during the period. Institutional investors own 46.49% of the company’s stock.

Franklin Covey Company Profile

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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