Franklin Covey Co. (NYSE:FC) – Analysts at Barrington Research decreased their Q4 2018 EPS estimates for shares of Franklin Covey in a research note issued to investors on Tuesday, Zacks Investment Research reports. Barrington Research analyst A. Paris. Jr now anticipates that the business services provider will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.56. Barrington Research has a “Outperform” rating on the stock.
Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Thursday, January 4th. The business services provider reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.16. Franklin Covey had a negative net margin of 2.90% and a negative return on equity of 3.79%. The business had revenue of $47.90 million for the quarter, compared to the consensus estimate of $43.47 million. During the same quarter in the previous year, the firm earned ($0.29) earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis.
Several other equities analysts also recently commented on the stock. B. Riley reissued a “buy” rating and issued a $21.00 target price on shares of Franklin Covey in a report on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Franklin Covey from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.00.
Franklin Covey (NYSE FC) traded up $0.45 during mid-day trading on Thursday, hitting $30.00. 259,619 shares of the stock traded hands, compared to its average volume of 149,962. Franklin Covey has a 1 year low of $15.20 and a 1 year high of $31.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a market capitalization of $411.08, a P/E ratio of -73.17 and a beta of 0.82.
In other news, Director Joel Clinton Peterson sold 1,793 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $19.13, for a total value of $34,300.09. Following the transaction, the director now 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 through this link. 33.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in FC. Schwab Charles Investment Management Inc. increased its position in Franklin Covey by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 48,208 shares of the business services provider’s stock worth $931,000 after purchasing an additional 342 shares during the last quarter. Bank of New York Mellon Corp increased its position in Franklin Covey by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 79,236 shares of the business services provider’s stock worth $1,529,000 after purchasing an additional 646 shares during the last quarter. Teachers Advisors LLC increased its position in Franklin Covey by 13.0% in the second quarter. Teachers Advisors LLC now owns 19,159 shares of the business services provider’s stock worth $370,000 after purchasing an additional 2,211 shares during the last quarter. New York State Common Retirement Fund increased its position in Franklin Covey by 18.1% in the second quarter. New York State Common Retirement Fund now owns 21,181 shares of the business services provider’s stock worth $409,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Northern Trust Corp increased its position in Franklin Covey by 2.7% in the second quarter. Northern Trust Corp now owns 137,853 shares of the business services provider’s stock worth $2,661,000 after purchasing an additional 3,688 shares during the last quarter. Institutional investors own 49.65% 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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