Franklin Covey Co. (FC) Expected to Post Earnings of -$0.21 Per Share

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Wall Street brokerages predict that Franklin Covey Co. (NYSE:FC) will announce ($0.21) earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Franklin Covey’s earnings, with estimates ranging from ($0.25) to ($0.18). Franklin Covey reported earnings of ($0.29) per share in the same quarter last year, which indicates a positive year over year growth rate of 27.6%. The company is scheduled to report its next quarterly earnings report on Wednesday, April 3rd.

According to Zacks, analysts expect that Franklin Covey will report full year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.11) to $0.10. For the next year, analysts expect that the company will report earnings of $0.47 per share, with EPS estimates ranging from $0.42 to $0.52. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Franklin Covey.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, January 9th. The business services provider reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.09. The company had revenue of $53.83 million for the quarter, compared to analysts’ expectations of $51.22 million. Franklin Covey had a negative return on equity of 7.59% and a negative net margin of 2.25%.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research cut Franklin Covey from a “hold” rating to a “strong sell” rating in a research note on Friday, November 30th. Barrington Research set a $30.00 price target on Franklin Covey and gave the company a “buy” rating in a research report on Friday, December 28th. ValuEngine upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 10th. Finally, B. Riley set a $30.00 price target on Franklin Covey and gave the company a “buy” rating in a research report on Tuesday, November 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Franklin Covey presently has an average rating of “Buy” and a consensus price target of $31.33.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Franklin Covey by 3.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 58,588 shares of the business services provider’s stock worth $1,439,000 after purchasing an additional 2,046 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Franklin Covey by 3.4% during the second quarter. BlackRock Inc. now owns 809,783 shares of the business services provider’s stock worth $19,880,000 after purchasing an additional 26,454 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Franklin Covey during the second quarter worth about $226,000. Centaurus Financial Inc. purchased a new position in shares of Franklin Covey during the second quarter worth about $373,000. Finally, Strs Ohio grew its holdings in shares of Franklin Covey by 11.2% during the third quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock worth $678,000 after purchasing an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 44.77% of the company’s stock.

NYSE FC opened at $23.85 on Friday. The firm has a market cap of $315.67 million, a PE ratio of -45.87 and a beta of 0.95. Franklin Covey has a one year low of $20.52 and a one year high of $31.20. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 0.41.

About Franklin Covey

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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