Franklin Covey Co. (FC) Expected to Post Q2 2018 Earnings of ($0.32) Per Share

Franklin Covey Co. (NYSE:FC) – Research analysts at Barrington Research reduced their Q2 2018 earnings per share estimates for shares of Franklin Covey in a report released on Tuesday. Barrington Research analyst A. Paris. Jr now expects that the business services provider will earn ($0.32) per share for the quarter, down from their previous forecast of ($0.25). Barrington Research currently has a “Outperform” rating on the stock. Barrington Research also issued estimates for Franklin Covey’s Q3 2018 earnings at ($0.20) EPS, FY2018 earnings at ($0.23) EPS and FY2019 earnings at $0.27 EPS.

Several other analysts have also recently commented on FC. Zacks Investment Research upgraded shares of Franklin Covey from a “sell” rating to a “hold” rating in a research note on Tuesday. B. Riley reiterated a “buy” rating and issued a $21.00 price objective on shares of Franklin Covey in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.00.

Shares of Franklin Covey (FC) traded up $0.45 during midday trading on Friday, hitting $30.45. 131,600 shares of the company traded hands, compared to its average volume of 148,012. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.10. Franklin Covey has a 12-month low of $15.20 and a 12-month high of $30.65. The firm has a market capitalization of $411.08, a PE ratio of -74.27 and a beta of 0.82.

Franklin Covey (NYSE:FC) last released its earnings results on Thursday, January 4th. The business services provider reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.16. Franklin Covey had a negative net margin of 2.90% and a negative return on equity of 3.75%. The company had revenue of $47.90 million during the quarter, compared to analysts’ expectations of $43.47 million. During the same quarter last year, the business earned ($0.29) EPS. The business’s revenue was up 20.4% on a year-over-year basis.

In other Franklin Covey news, Director Joel Clinton Peterson sold 1,793 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $19.13, for a total transaction of $34,300.09. Following the completion of the transaction, the director now directly owns 223,487 shares in the company, valued at approximately $4,275,306.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 33.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System grew its holdings in shares of Franklin Covey by 45.2% during the third quarter. California Public Employees Retirement System now owns 19,732 shares of the business services provider’s stock worth $401,000 after buying an additional 6,140 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Franklin Covey by 6.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 51,359 shares of the business services provider’s stock worth $1,043,000 after buying an additional 3,151 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Franklin Covey by 59.0% during the third quarter. Wells Fargo & Company MN now owns 11,011 shares of the business services provider’s stock worth $223,000 after buying an additional 4,087 shares in the last quarter. Pembroke Management LTD grew its holdings in shares of Franklin Covey by 6.2% during the third quarter. Pembroke Management LTD now owns 963,872 shares of the business services provider’s stock worth $19,567,000 after buying an additional 56,500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Franklin Covey by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock worth $172,000 after acquiring an additional 740 shares during the last quarter. Institutional investors and hedge funds own 49.68% of the company’s stock.

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About Franklin Covey

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.

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

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