Zacks: Analysts Expect Franklin Covey Co. (FC) to Announce -$0.19 Earnings Per Share

Wall Street brokerages expect Franklin Covey Co. (NYSE:FC) to report ($0.19) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Franklin Covey’s earnings, with the highest EPS estimate coming in at ($0.18) and the lowest estimate coming in at ($0.21). Franklin Covey posted earnings per share of ($0.17) in the same quarter last year, which suggests a negative year-over-year growth rate of 11.8%. The firm is expected to report its next earnings results on Thursday, January 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 ($0.11) to $0.10. For the next year, analysts expect that the firm will post earnings of $0.46 per share, with EPS estimates ranging from $0.42 to $0.53. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Franklin Covey.

Franklin Covey (NYSE:FC) last posted its earnings results on Friday, November 9th. The business services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). The business had revenue of $64.82 million for the quarter, compared to analysts’ expectations of $66.65 million. Franklin Covey had a negative return on equity of 8.83% and a negative net margin of 2.81%.

Several research firms recently weighed in on FC. Zacks Investment Research cut Franklin Covey from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. B. Riley decreased their target price 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 upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 10th. Finally, Barrington Research reiterated a “buy” rating and issued a $30.00 price objective on shares of Franklin Covey in a research note on Monday, November 12th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $31.33.

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in Franklin Covey in the second quarter valued at approximately $212,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Franklin Covey in the second quarter valued at approximately $226,000. Centaurus Financial Inc. purchased a new stake in Franklin Covey in the second quarter valued at approximately $373,000. Bridgeway Capital Management Inc. purchased a new stake in Franklin Covey in the third quarter valued at approximately $591,000. Finally, Strs Ohio lifted its stake in Franklin Covey by 11.2% in the third quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock valued at $678,000 after buying an additional 2,900 shares during the last quarter. Institutional investors own 47.58% of the company’s stock.

FC stock traded up $0.20 during trading on Monday, hitting $23.69. 22,931 shares of the company’s stock were exchanged, compared to its average volume of 24,738. The stock has a market cap of $326.94 million, a price-to-earnings ratio of -45.56, a PEG ratio of 71.18 and a beta of 1.01. Franklin Covey has a 52-week low of $18.00 and a 52-week high of $31.20. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 0.41.

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 worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.

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

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