Franklin Covey Co. (NYSE:FC) – Analysts at Barrington Research cut their Q2 2018 earnings per share estimates for shares of Franklin Covey in a note issued to investors on Tuesday. Barrington Research analyst A. Paris. Jr now anticipates that the business services provider will post earnings per share of ($0.32) for the quarter, down from their prior estimate of ($0.25). Barrington Research currently has a “Outperform” rating on the stock. Barrington Research also issued estimates for Franklin Covey’s Q3 2018 earnings at ($0.20) EPS, FY2018 earnings at ($0.23) EPS and FY2019 earnings at $0.27 EPS.
Franklin Covey (NYSE:FC) last released its quarterly earnings results on Thursday, January 4th. The business services provider reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.16. Franklin Covey had a negative return on equity of 3.79% and a negative net margin of 2.90%. The company had revenue of $47.90 million for the quarter, compared to analyst estimates of $43.47 million. During the same period in the previous year, the company posted ($0.29) earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis.
Franklin Covey (NYSE FC) remained flat at $$30.45 during trading on Friday. The company’s stock had a trading volume of 211,447 shares, compared to its average volume of 59,041. The company has a quick ratio of 1.10, a current ratio of 1.14 and a debt-to-equity ratio of 0.50. Franklin Covey has a 52 week low of $15.20 and a 52 week high of $31.10. The firm has a market capitalization of $417.25, a P/E ratio of -74.27 and a beta of 0.82.
Several hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in shares of 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 raised its stake in shares of 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. The Manufacturers Life Insurance Company raised its stake in shares of Franklin Covey by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock worth $172,000 after purchasing an additional 740 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of 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. Finally, California Public Employees Retirement System raised its stake in shares of Franklin Covey by 30.8% in the second quarter. California Public Employees Retirement System now owns 13,592 shares of the business services provider’s stock worth $262,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 49.68% of the company’s stock.
In other Franklin Covey news, Director Joel Clinton Peterson sold 1,793 shares of the business’s 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 33.50% of the company’s stock.
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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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