Franklin Covey (NYSE:FC) Given Outperform Rating at Barrington Research

Franklin Covey (NYSE:FCGet Free Report)‘s stock had its “outperform” rating reissued by equities researchers at Barrington Research in a research note issued on Thursday,Benzinga reports. They presently have a $25.00 target price on the business services provider’s stock. Barrington Research’s price target would indicate a potential upside of 25.94% from the stock’s previous close.

Franklin Covey Trading Up 22.9%

Shares of Franklin Covey stock traded up $3.70 on Thursday, reaching $19.85. 112,955 shares of the company were exchanged, compared to its average volume of 160,020. Franklin Covey has a fifty-two week low of $11.16 and a fifty-two week high of $24.70. The firm has a market capitalization of $229.34 million, a price-to-earnings ratio of -165.86, a price-to-earnings-growth ratio of 0.96 and a beta of 0.74. The stock has a fifty day moving average price of $15.82 and a 200-day moving average price of $16.90.

Franklin Covey (NYSE:FCGet Free Report) last released its quarterly earnings results on Wednesday, April 1st. The business services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). The company had revenue of $59.65 million during the quarter, compared to analyst estimates of $58.71 million. Franklin Covey had a negative net margin of 0.54% and a positive return on equity of 9.98%. On average, equities analysts anticipate that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

A number of large investors have recently made changes to their positions in the company. Alliancebernstein L.P. lifted its position in shares of Franklin Covey by 70.4% in the 3rd 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 in the last quarter. Punch & Associates Investment Management Inc. grew its position in Franklin Covey by 0.3% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 591,318 shares of the business services provider’s stock worth $11,477,000 after purchasing an additional 1,811 shares in the last quarter. Federated Hermes Inc. grew its position in Franklin Covey by 83.9% during the 4th 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. Geode Capital Management LLC raised its stake in Franklin Covey by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 314,626 shares of the business services provider’s stock valued at $7,181,000 after purchasing an additional 2,118 shares during the period. Finally, Millennium Management LLC raised its stake in Franklin Covey by 886.1% during the 3rd quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock valued at $5,039,000 after purchasing an additional 233,291 shares during the period. Institutional investors and hedge funds own 69.88% of the company’s stock.

Trending Headlines about Franklin Covey

Here are the key news stories impacting Franklin Covey this week:

About Franklin Covey

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Franklin Covey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Covey and related companies with MarketBeat.com's FREE daily email newsletter.