Zacks: Analysts Anticipate Franklin Covey Co. (NYSE:FC) Will Post Quarterly Sales of $57.41 Million

Brokerages expect Franklin Covey Co. (NYSE:FC) to announce sales of $57.41 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Franklin Covey’s earnings, with estimates ranging from $57.30 million to $57.50 million. Franklin Covey posted sales of $53.83 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The business is expected to announce its next earnings results on Wednesday, January 8th.

On average, analysts expect that Franklin Covey will report full year sales of $243.34 million for the current fiscal year, with estimates ranging from $242.14 million to $245.00 million. For the next year, analysts forecast that the company will report sales of $262.24 million, with estimates ranging from $260.33 million to $265.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Franklin Covey.

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

FC has been the topic of several research analyst reports. 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. B. Riley reissued a “buy” rating on shares of Franklin Covey in a research note on Monday, November 4th. Barrington Research lifted their price target on Franklin Covey from $40.00 to $45.00 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $42.38.

Shares of FC stock traded down $0.19 during trading hours on Friday, reaching $36.96. The company had a trading volume of 29,800 shares, compared to its average volume of 35,051. The firm has a market cap of $516.09 million, a price-to-earnings ratio of -528.00, a P/E/G ratio of 5.74 and a beta of 0.86. Franklin Covey has a 1-year low of $20.52 and a 1-year high of $41.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 1.12. The company has a 50 day moving average of $37.41 and a 200 day moving average of $35.21.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP grew its holdings in shares of Franklin Covey by 305.4% in the 1st quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 5,475 shares in the last quarter. FMR LLC grew its holdings in shares of Franklin Covey by 32.1% in the 1st quarter. FMR LLC now owns 298,560 shares of the business services provider’s stock valued at $7,554,000 after acquiring an additional 72,626 shares in the last quarter. Pembroke Management LTD grew its holdings in shares of Franklin Covey by 4.2% in the 2nd quarter. Pembroke Management LTD now owns 881,276 shares of the business services provider’s stock valued at $29,963,000 after acquiring an additional 35,773 shares in the last quarter. Rice Hall James & Associates LLC grew its holdings in shares of Franklin Covey by 0.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 335,711 shares of the business services provider’s stock valued at $11,414,000 after acquiring an additional 2,691 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings 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 valued at $71,000 after acquiring an additional 1,308 shares in the last quarter. 48.59% of the stock is currently owned by hedge funds and other institutional investors.

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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