-$0.20 Earnings Per Share Expected for Franklin Covey Co. (NYSE:FC) This Quarter

Wall Street brokerages forecast that Franklin Covey Co. (NYSE:FC) will post earnings per share (EPS) of ($0.20) for the current quarter, according to Zacks. Five analysts have provided estimates for Franklin Covey’s earnings. The lowest EPS estimate is ($0.26) and the highest is ($0.14). Franklin Covey posted earnings of ($0.18) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 11.1%. The firm is expected to issue its next quarterly earnings results after the market closes on Thursday, June 27th.

On average, analysts expect that Franklin Covey will report full-year earnings of ($0.05) per share for the current year, with EPS estimates ranging from ($0.16) to $0.09. For the next financial year, analysts expect that the business will post earnings of $0.47 per share, with EPS estimates ranging from $0.41 to $0.52. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Franklin Covey.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Thursday, April 4th. The business services provider reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.02. The company had revenue of $50.36 million during the quarter, compared to analysts’ expectations of $48.72 million. Franklin Covey had a negative return on equity of 7.25% and a negative net margin of 2.56%.

Several analysts have issued reports on the company. ValuEngine raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Monday, June 3rd. B. Riley set a $35.00 price target on Franklin Covey and gave the company a “buy” rating in a report on Friday, April 5th.

In other news, Director Esther Kay Stepp sold 4,262 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $31.41, for a total value of $133,869.42. Following the completion of the transaction, the director now owns 57,369 shares of the company’s stock, valued at $1,801,960.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 33.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Franklin Covey by 5.0% during the third quarter. Vanguard Group Inc. now owns 535,910 shares of the business services provider’s stock worth $12,674,000 after purchasing an additional 25,748 shares during the period. Rhumbline Advisers acquired a new position in shares of Franklin Covey during the fourth quarter worth approximately $283,000. BlackRock Inc. raised its position in shares of Franklin Covey by 2.2% during the fourth quarter. BlackRock Inc. now owns 837,242 shares of the business services provider’s stock worth $18,697,000 after purchasing an additional 18,186 shares during the period. PEAK6 Investments LLC acquired a new position in shares of Franklin Covey during the fourth quarter worth approximately $373,000. Finally, Geode Capital Management LLC raised its position in shares of Franklin Covey by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 111,776 shares of the business services provider’s stock worth $2,495,000 after purchasing an additional 5,498 shares during the period. 44.75% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey stock opened at $30.24 on Thursday. The firm’s fifty day moving average price is $30.42. Franklin Covey has a one year low of $20.52 and a one year high of $32.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 1.00. The stock has a market capitalization of $431.06 million, a PE ratio of -58.15 and a beta of 0.80.

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.

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

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