-$0.25 Revenue Per Share A nticipated for Franklin Covey Co. (FC) This Quarter

-$0.25 Revenue Per Share A nticipated for Franklin Covey Co. (FC) This Quarter

Brokerages predict that Franklin Covey Co. (NYSE:FC) will post earnings of ($0.25) per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Franklin Covey’s earnings, with the lowest EPS estimate coming in at ($0.31) and the highest estimate coming in at ($0.22). Franklin Covey posted earnings of ($0.29) per share during the same quarter last year, which suggests a positive year over year growth rate of 13.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, April 3rd.

According to Zacks, analysts expect that Franklin Covey will report full-year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.14) to $0.10. For the next fiscal year, analysts anticipate that the business will report earnings of $0.48 per share, with EPS estimates ranging from $0.44 to $0.52. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Franklin Covey.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, January 9th. The business services provider reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.09. The firm had revenue of $53.83 million during the quarter, compared to analyst estimates of $51.22 million. Franklin Covey had a negative return on equity of 7.59% and a negative net margin of 2.25%.

FC has been the subject of a number of research reports. Zacks Investment Research lowered Franklin Covey from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. B. Riley dropped their price target on Franklin Covey from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, September 17th. ValuEngine raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 10th. Finally, Barrington Research set a $30.00 price target on Franklin Covey and gave the company a “buy” rating in a research note on Friday, December 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $31.33.

NYSE FC opened at $23.95 on Friday. The stock has a market capitalization of $315.67 million, a PE ratio of -46.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.06 and a quick ratio of 1.02. Franklin Covey has a twelve month low of $20.52 and a twelve month high of $31.20.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Franklin Covey by 1.1% in the 3rd quarter. BlackRock Inc. now owns 819,056 shares of the business services provider’s stock valued at $19,369,000 after purchasing an additional 9,273 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Franklin Covey by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 535,910 shares of the business services provider’s stock valued at $12,674,000 after purchasing an additional 25,748 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Franklin Covey by 5.0% in the 3rd quarter. Vanguard Group Inc now owns 535,910 shares of the business services provider’s stock valued at $12,674,000 after purchasing an additional 25,748 shares during the last quarter. FMR LLC bought a new stake in shares of Franklin Covey in the 3rd quarter valued at approximately $5,343,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Franklin Covey by 19.1% in the 3rd quarter. Renaissance Technologies LLC now owns 74,300 shares of the business services provider’s stock valued at $1,757,000 after purchasing an additional 11,900 shares during the last quarter. 44.77% of the stock is owned by institutional investors.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

Further Reading: Outstanding Shares

Get a free copy of the Zacks research report on Franklin Covey (FC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Related posts

Leave a Comment