Franklin Covey Co. (NYSE:FC) to Post Q3 2024 Earnings of $0.35 Per Share, Barrington Research Forecasts

Franklin Covey Co. (NYSE:FC) – Research analysts at Barrington Research decreased their Q3 2024 earnings per share (EPS) estimates for Franklin Covey in a research report issued on Thursday, March 28th. Barrington Research analyst A. Paris now forecasts that the business services provider will post earnings per share of $0.35 for the quarter, down from their previous forecast of $0.47. Barrington Research currently has a “Outperform” rating and a $45.00 price target on the stock. The consensus estimate for Franklin Covey’s current full-year earnings is $1.69 per share. Barrington Research also issued estimates for Franklin Covey’s Q4 2024 earnings at $0.91 EPS and FY2024 earnings at $1.68 EPS.

Several other research firms have also recently weighed in on FC. Roth Mkm cut their price objective on Franklin Covey from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Tuesday, December 19th. StockNews.com upgraded shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Northland Securities decreased their price objective on shares of Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Franklin Covey presently has a consensus rating of “Buy” and a consensus target price of $66.33.

Franklin Covey Stock Performance

Franklin Covey stock opened at $39.17 on Friday. The stock’s 50 day simple moving average is $39.79 and its two-hundred day simple moving average is $40.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.84 and a current ratio of 0.87. The stock has a market cap of $520.57 million, a price-to-earnings ratio of 31.85, a PEG ratio of 1.13 and a beta of 1.22. Franklin Covey has a fifty-two week low of $32.19 and a fifty-two week high of $48.76.

Franklin Covey (NYSE:FC) last posted its earnings results on Thursday, January 4th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.17. The company had revenue of $68.40 million for the quarter, compared to analysts’ expectations of $65.88 million. Franklin Covey had a return on equity of 22.94% and a net margin of 6.13%.

Hedge Funds Weigh In On Franklin Covey

A number of hedge funds have recently added to or reduced their stakes in FC. Hsbc Holdings PLC raised its stake in Franklin Covey by 120.4% during the 3rd quarter. Hsbc Holdings PLC now owns 14,224 shares of the business services provider’s stock valued at $609,000 after buying an additional 7,770 shares during the last quarter. Worth Venture Partners LLC grew its position in shares of Franklin Covey by 8.7% during the 3rd quarter. Worth Venture Partners LLC now owns 48,178 shares of the business services provider’s stock valued at $2,068,000 after acquiring an additional 3,855 shares during the period. Quadrature Capital Ltd grew its position in shares of Franklin Covey by 54.7% during the 3rd quarter. Quadrature Capital Ltd now owns 9,021 shares of the business services provider’s stock valued at $387,000 after acquiring an additional 3,189 shares during the period. Legato Capital Management LLC grew its position in shares of Franklin Covey by 8.8% during the 4th quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 489 shares during the period. Finally, Trexquant Investment LP grew its position in shares of Franklin Covey by 81.1% during the 3rd quarter. Trexquant Investment LP now owns 18,964 shares of the business services provider’s stock valued at $814,000 after acquiring an additional 8,490 shares during the period. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.