Equities research analysts expect that Franklin Covey Company (NYSE:FC) will announce $43.47 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Franklin Covey’s earnings, with the highest sales estimate coming in at $45.62 million and the lowest estimate coming in at $41.50 million. Franklin Covey reported sales of $39.79 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.2%. The business is expected to report its next quarterly earnings results on Thursday, January 4th.
On average, analysts expect that Franklin Covey will report full year sales of $43.47 million for the current financial year, with estimates ranging from $210.19 million to $212.39 million. For the next financial year, analysts forecast that the company will post sales of $231.70 million per share, with estimates ranging from $227.30 million to $240.39 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Franklin Covey.
Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.06). The firm had revenue of $59.50 million for the quarter, compared to analysts’ expectations of $64.60 million. Franklin Covey had a negative return on equity of 5.50% and a negative net margin of 3.87%. Franklin Covey’s revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share.
FC has been the topic of several research analyst reports. B. Riley restated a “buy” rating and issued a $22.00 price objective on shares of Franklin Covey in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Franklin Covey from a “sell” rating to a “hold” rating in a research report 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 analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Franklin Covey currently has an average rating of “Hold” and a consensus price target of $22.00.
Franklin Covey (NYSE:FC) traded down $0.15 during midday trading on Friday, reaching $19.55. 29,116 shares of the company’s stock traded hands, compared to its average volume of 46,581. Franklin Covey has a 1-year low of $15.20 and a 1-year high of $22.45. The company has a current ratio of 1.14, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45.
In other Franklin Covey news, Director Joel Clinton Peterson sold 1,792 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $20.33, for a total value of $36,431.36. Following the completion of the transaction, the director now owns 225,280 shares in the company, valued at $4,579,942.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 5,377 shares of company stock valued at $104,045. 33.50% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. California Public Employees Retirement System increased its holdings in shares of Franklin Covey by 45.2% during the third quarter. California Public Employees Retirement System now owns 19,732 shares of the business services provider’s stock valued at $401,000 after acquiring an additional 6,140 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Franklin Covey by 6.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 51,359 shares of the business services provider’s stock valued at $1,043,000 after buying an additional 3,151 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Franklin Covey by 59.0% during the 3rd quarter. Wells Fargo & Company MN now owns 11,011 shares of the business services provider’s stock valued at $223,000 after buying an additional 4,087 shares in the last quarter. Pembroke Management LTD lifted its position in shares of Franklin Covey by 6.2% during the 3rd quarter. Pembroke Management LTD now owns 963,872 shares of the business services provider’s stock valued at $19,567,000 after buying an additional 56,500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Franklin Covey by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock valued at $172,000 after buying an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 52.05% of the company’s stock.
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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