Franklin Covey Co. (NYSE:FC) Expected to Post Earnings of -$0.03 Per Share

Wall Street analysts expect Franklin Covey Co. (NYSE:FC) to post earnings per share (EPS) of ($0.03) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Franklin Covey’s earnings, with estimates ranging from ($0.04) to ($0.01). Franklin Covey reported earnings of ($0.10) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 70%. The company is scheduled to issue its next quarterly earnings report on Wednesday, January 8th.

On average, analysts expect that Franklin Covey will report full year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.36 to $0.46. For the next financial year, analysts forecast that the company will report earnings of $0.78 per share, with EPS estimates ranging from $0.73 to $0.83. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Franklin Covey.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. Franklin Covey had a negative return on equity of 1.33% and a negative net margin of 0.45%. The company had revenue of $65.17 million during the quarter, compared to analyst estimates of $67.99 million.

A number of brokerages have issued reports on FC. B. Riley reiterated a “buy” rating on shares of Franklin Covey in a research report on Monday, November 4th. Zacks Investment Research raised Franklin Covey from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Tuesday, October 29th. William Blair reissued a “market perform” rating on shares of Franklin Covey in a research note on Tuesday, October 15th. TheStreet raised Franklin Covey from a “c” rating to a “b-” rating in a research note on Friday, November 8th. Finally, ValuEngine downgraded Franklin Covey from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $42.38.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of Franklin Covey by 82,600.0% in the 2nd quarter. Bank of Montreal Can now owns 827 shares of the business services provider’s stock worth $28,000 after buying an additional 826 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Franklin Covey in the 3rd quarter worth $31,000. Acadian Asset Management LLC raised its stake in shares of Franklin Covey by 162.9% in the 2nd quarter. Acadian Asset Management LLC now owns 2,111 shares of the business services provider’s stock worth $71,000 after buying an additional 1,308 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Franklin Covey in the 3rd quarter worth $81,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Franklin Covey in the 3rd quarter worth $84,000. 48.59% of the stock is currently owned by institutional investors.

FC stock traded down $0.19 during trading on Wednesday, reaching $36.96. 29,800 shares of the company’s stock were exchanged, compared to its average volume of 35,051. The company has a quick ratio of 1.12, a current ratio of 1.15 and a debt-to-equity ratio of 0.39. Franklin Covey has a 1-year low of $20.52 and a 1-year high of $41.85. The company’s fifty day moving average price is $37.41 and its 200-day moving average price is $35.21. The firm has a market cap of $516.09 million, a PE ratio of -528.00, a P/E/G ratio of 5.74 and a beta of 0.86.

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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