Analysts Expect Franklin Covey Co. (FC) Will Post Earnings of -$0.28 Per Share

Equities research analysts expect Franklin Covey Co. (NYSE:FC) to announce ($0.28) earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Franklin Covey’s earnings, with the highest EPS estimate coming in at ($0.24) and the lowest estimate coming in at ($0.35). Franklin Covey posted earnings of ($0.17) per share in the same quarter last year, which would suggest a negative year over year growth rate of 64.7%. The firm is scheduled to report its next quarterly earnings results on Thursday, March 29th.

According to Zacks, analysts expect that Franklin Covey will report full-year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.30) to ($0.16). For the next financial year, analysts forecast that the company will report earnings of $0.17 per share, with EPS estimates ranging from $0.02 to $0.29. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Franklin Covey.

Franklin Covey (NYSE:FC) last posted its earnings results on Thursday, January 4th. The business services provider reported ($0.17) EPS for the quarter, topping 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 3.75%. The firm had revenue of $47.90 million during the quarter, compared to analysts’ expectations of $43.47 million. During the same quarter in the prior year, the firm earned ($0.29) EPS. Franklin Covey’s quarterly revenue was up 20.4% on a year-over-year basis.

FC has been the subject of a number of research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $22.00 price target on shares of Franklin Covey in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of Franklin Covey from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, Barrington Research raised shares of Franklin Covey from a “market perform” rating to an “outperform” 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. Franklin Covey has an average rating of “Hold” and a consensus price target of $21.00.

In other news, Director Joel Clinton Peterson sold 1,793 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 223,487 shares of the company’s stock, valued at approximately $4,275,306.31. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 33.40% of the company’s stock.

Large investors have recently modified their holdings of the company. Pembroke Management LTD lifted its stake in Franklin Covey by 6.2% during the third quarter. Pembroke Management LTD now owns 963,872 shares of the business services provider’s stock valued at $19,567,000 after purchasing an additional 56,500 shares during the last quarter. Vanguard Group Inc. lifted its stake in Franklin Covey by 1.9% during the second quarter. Vanguard Group Inc. now owns 497,768 shares of the business services provider’s stock valued at $9,607,000 after purchasing an additional 9,279 shares during the last quarter. State Street Corp lifted its stake in Franklin Covey by 13.6% during the second quarter. State Street Corp now owns 201,339 shares of the business services provider’s stock valued at $3,884,000 after purchasing an additional 24,088 shares during the last quarter. Teachers Advisors LLC lifted its stake in 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 purchasing an additional 2,211 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Franklin Covey by 2.7% during the second quarter. Northern Trust Corp now owns 137,853 shares of the business services provider’s stock valued at $2,661,000 after purchasing an additional 3,688 shares during the last quarter. 49.68% of the stock is owned by institutional investors.

Franklin Covey (NYSE FC) traded up $0.45 during midday trading on Monday, reaching $30.45. 131,684 shares of the company’s stock traded hands, compared to its average volume of 148,023. Franklin Covey has a 1 year low of $15.20 and a 1 year high of $30.65. The company has a current ratio of 1.14, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45. The company has a market cap of $411.08, a PE ratio of -74.27 and a beta of 0.82.

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About Franklin Covey

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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Earnings History and Estimates for Franklin Covey (NYSE:FC)

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