Franklin Covey (NYSE:FC) Releases Earnings Results, Beats Estimates By $0.03 EPS

Franklin Covey (NYSE:FC) issued its quarterly earnings data on Wednesday. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03, FiscalAI reports. The firm had revenue of $67.81 million during the quarter, compared to the consensus estimate of $68.33 million. Franklin Covey had a positive return on equity of 12.79% and a negative net margin of 0.88%.During the same period last year, the company earned ($0.11) EPS.

Franklin Covey Stock Up 3.0%

NYSE:FC traded up $0.74 on Wednesday, reaching $25.27. 317,988 shares of the company’s stock were exchanged, compared to its average volume of 148,831. The firm has a market capitalization of $284.75 million, a price-to-earnings ratio of -120.31, a price-to-earnings-growth ratio of 1.60 and a beta of 0.81. Franklin Covey has a 52-week low of $11.16 and a 52-week high of $26.81. The business has a fifty day moving average of $23.03 and a 200-day moving average of $19.39.

Institutional Trading of Franklin Covey

Hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in Franklin Covey by 70.4% in the third quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock valued at $20,433,000 after acquiring an additional 434,965 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Franklin Covey by 886.1% during the third quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock worth $5,039,000 after purchasing an additional 233,291 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Franklin Covey by 83.9% during the fourth quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock worth $6,316,000 after purchasing an additional 171,744 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of Franklin Covey during the third quarter worth about $2,275,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Franklin Covey by 122.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 174,324 shares of the business services provider’s stock valued at $3,384,000 after purchasing an additional 96,054 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FC shares. Barrington Research reissued an “outperform” rating and issued a $25.00 price target on shares of Franklin Covey in a research note on Thursday, April 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Franklin Covey in a report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.00.

About Franklin Covey

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.