Franklin Covey Co. (NYSE:FC) – Stock analysts at Barrington Research dropped their Q4 2018 earnings per share (EPS) estimates for Franklin Covey in a research report issued on Tuesday. Barrington Research analyst A. Paris. Jr now expects that the business services provider will post earnings of $0.46 per share for the quarter, down from their previous estimate of $0.56. Barrington Research currently has a “Outperform” rating on the stock.
Franklin Covey (NYSE:FC) last released its earnings results on Thursday, January 4th. The business services provider reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.16. Franklin Covey had a negative return on equity of 3.75% and a negative net margin of 2.90%. The firm had revenue of $47.90 million for the quarter, compared to analysts’ expectations of $43.47 million. During the same period in the prior year, the firm posted ($0.29) earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the company. B. Riley reissued a “buy” rating and issued a $22.00 target price on shares of Franklin Covey in a research note on Tuesday, November 7th. Zacks Investment Research raised Franklin Covey from a “sell” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $21.00.
Franklin Covey (NYSE:FC) remained flat at $$30.45 during midday trading on Thursday. The company’s stock had a trading volume of 211,447 shares, compared to its average volume of 155,056. Franklin Covey has a 12 month low of $15.20 and a 12 month high of $31.10. The stock has a market capitalization of $411.08, a PE ratio of -74.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.10.
In related news, Director Joel Clinton Peterson sold 1,793 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $19.13, for a total transaction of $34,300.09. Following the sale, the director now directly owns 223,487 shares of the company’s stock, valued at $4,275,306.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 33.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in shares of Franklin Covey by 9.0% during the second 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 during the last quarter. Wells Fargo & Company MN boosted its position in shares of Franklin Covey by 59.0% during the third 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 during the last quarter. California Public Employees Retirement System boosted its position in shares of Franklin Covey by 30.8% during the second quarter. California Public Employees Retirement System now owns 13,592 shares of the business services provider’s stock valued at $262,000 after buying an additional 3,200 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Franklin Covey by 13.0% during the second quarter. Teachers Advisors LLC now owns 19,159 shares of the business services provider’s stock valued at $370,000 after buying an additional 2,211 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Franklin Covey by 18.1% during the second quarter. New York State Common Retirement Fund now owns 21,181 shares of the business services provider’s stock valued at $409,000 after buying an additional 3,250 shares during the last quarter. 49.68% of the stock is currently owned by institutional investors.
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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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