Franklin Covey (FC) Reaches New 52-Week High at $30.28

Franklin Covey Co. (NYSE:FC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $30.28 and last traded at $29.55, with a volume of 207100 shares trading hands. The stock had previously closed at $26.40.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Franklin Covey from a “sell” rating to a “hold” rating in a research report on Tuesday. Barrington Research upgraded Franklin Covey from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Finally, B. Riley reiterated a “buy” rating and issued a $21.00 price objective on shares of Franklin Covey in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.

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 firm has a market cap of $411.08, a PE ratio of -74.27 and a beta of 0.82.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Thursday, January 4th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $43.47 million. During the same quarter in the previous year, the company posted ($0.29) EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. research analysts predict that Franklin Covey Co. will post -0.25 earnings per share for the current year.

In other Franklin Covey news, Director Joel Clinton Peterson sold 1,793 shares of Franklin Covey stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $19.13, for a total value of $34,300.09. Following the completion of the transaction, the director now owns 223,487 shares in the company, valued at approximately $4,275,306.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 33.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FC. The Manufacturers Life Insurance Company raised 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 worth $172,000 after acquiring an additional 740 shares during the last quarter. Wells Fargo & Company MN raised 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 worth $223,000 after acquiring an additional 4,087 shares during the last quarter. California Public Employees Retirement System raised 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 worth $262,000 after acquiring an additional 3,200 shares during the last quarter. Teachers Advisors LLC raised 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 worth $370,000 after acquiring an additional 2,211 shares during the last quarter. Finally, New York State Common Retirement Fund raised 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 worth $409,000 after acquiring an additional 3,250 shares during the last quarter. Institutional investors own 49.68% of the company’s stock.

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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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