Franklin Covey Co. (FC) Expected to Post Quarterly Sales of $46.50 Million

Equities research analysts expect Franklin Covey Co. (NYSE:FC) to announce $46.50 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Franklin Covey’s earnings, with estimates ranging from $46.00 million to $47.17 million. Franklin Covey reported sales of $42.20 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, March 29th.

According to Zacks, analysts expect that Franklin Covey will report full-year sales of $46.50 million for the current financial year, with estimates ranging from $211.93 million to $212.50 million. For the next fiscal year, analysts forecast that the business will post sales of $232.44 million per share, with estimates ranging from $228.10 million to $240.64 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Franklin Covey.

Franklin Covey (NYSE:FC) last issued its earnings results on Thursday, January 4th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.16. The firm had revenue of $47.90 million for the quarter, compared to analyst estimates of $43.47 million. Franklin Covey had a negative return on equity of 3.79% and a negative net margin of 2.90%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.29) earnings per share.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Franklin Covey from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Barrington Research upgraded Franklin Covey from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 9th. Finally, B. Riley restated a “buy” rating and issued a $21.00 target price on shares of Franklin Covey in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Franklin Covey currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Franklin Covey by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 740 shares during the period. Wells Fargo & Company MN raised its stake in shares of Franklin Covey by 59.0% during the 3rd quarter. Wells Fargo & Company MN now owns 11,011 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 4,087 shares during the period. California Public Employees Retirement System raised its stake in shares of Franklin Covey by 30.8% during the 2nd quarter. California Public Employees Retirement System now owns 13,592 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 3,200 shares during the period. Teachers Advisors LLC raised its stake in shares of Franklin Covey by 13.0% during the 2nd quarter. Teachers Advisors LLC now owns 19,159 shares of the business services provider’s stock valued at $370,000 after purchasing an additional 2,211 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of Franklin Covey by 18.1% during the 2nd quarter. New York State Common Retirement Fund now owns 21,181 shares of the business services provider’s stock valued at $409,000 after purchasing an additional 3,250 shares during the period. Institutional investors own 49.02% of the company’s stock.

Shares of Franklin Covey (NYSE FC) opened at $26.10 on Tuesday. The stock has a market capitalization of $366.55, a price-to-earnings ratio of -63.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.14 and a quick ratio of 1.09. Franklin Covey has a one year low of $15.20 and a one year high of $31.20.

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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.

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

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