Equities research analysts expect Franklin Covey Co. (NYSE:FC) to report sales of $43.47 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Franklin Covey’s earnings, with the highest sales estimate coming in at $45.62 million and the lowest estimate coming in at $41.50 million. Franklin Covey posted sales of $39.79 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.2%. The business is expected to announce its next earnings results on Thursday, January 4th.

According to Zacks, analysts expect that Franklin Covey will report full year sales of $43.47 million for the current year, with estimates ranging from $210.19 million to $212.39 million. For the next financial year, analysts expect that the company will post sales of $231.70 million per share, with estimates ranging from $227.30 million to $240.39 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Franklin Covey.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). Franklin Covey had a negative return on equity of 5.50% and a negative net margin of 3.87%. The business had revenue of $59.50 million during the quarter, compared to the consensus estimate of $64.60 million. During the same period in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year.

Several brokerages recently weighed in on FC. Zacks Investment Research cut shares of Franklin Covey from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. B. Riley reissued a “buy” rating and issued a $22.00 price objective on shares of Franklin Covey in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Franklin Covey currently has a consensus rating of “Hold” and an average price target of $22.00.

Shares of Franklin Covey (NYSE FC) traded down $0.55 during trading on Thursday, hitting $19.35. 24,837 shares of the company traded hands, compared to its average volume of 45,314. The company has a current ratio of 1.14, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45. Franklin Covey has a one year low of $15.20 and a one year high of $22.30.

In other Franklin Covey news, Director Joel Clinton Peterson sold 1,793 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $19.13, for a total transaction of $34,300.09. Following the sale, the director now owns 223,487 shares of the company’s stock, valued at $4,275,306.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 33.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FC. Pembroke Management LTD boosted its position in shares of Franklin Covey by 6.2% during the 3rd quarter. Pembroke Management LTD now owns 963,872 shares of the business services provider’s stock worth $19,567,000 after purchasing an additional 56,500 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in shares of Franklin Covey by 22.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 197,696 shares of the business services provider’s stock worth $3,816,000 after purchasing an additional 35,658 shares in the last quarter. State Street Corp boosted its position in shares of Franklin Covey by 13.6% during the 2nd quarter. State Street Corp now owns 201,339 shares of the business services provider’s stock worth $3,884,000 after purchasing an additional 24,088 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Franklin Covey by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 488,489 shares of the business services provider’s stock worth $9,867,000 after purchasing an additional 20,353 shares in the last quarter. Finally, California Public Employees Retirement System bought a new position in shares of Franklin Covey during the 1st quarter worth about $210,000. 50.19% of the stock is currently owned by institutional investors.

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Franklin Covey Company Profile

Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.

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

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