Franklin Covey (NYSE:FC) announced its quarterly earnings results on Thursday. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.22), Fidelity Earnings reports. The company had revenue of $64.82 million during the quarter, compared to analysts’ expectations of $66.65 million. Franklin Covey had a negative net margin of 1.47% and a negative return on equity of 4.99%.
NYSE FC traded up $0.84 during trading hours on Friday, reaching $23.46. The company’s stock had a trading volume of 33,216 shares, compared to its average volume of 43,104. The stock has a market cap of $310.28 million, a price-to-earnings ratio of -61.74, a PEG ratio of 9.30 and a beta of 1.01. Franklin Covey has a fifty-two week low of $18.00 and a fifty-two week high of $31.20. The company has a current ratio of 1.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56.
FC has been the subject of a number of research analyst reports. B. Riley cut their price target on shares of Franklin Covey from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, September 17th. Zacks Investment Research downgraded shares of Franklin Covey from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Franklin Covey presently has a consensus rating of “Buy” and a consensus price target of $33.00.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in Franklin Covey in the 2nd quarter valued at about $212,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Franklin Covey in the 2nd quarter valued at about $226,000. Centaurus Financial Inc. acquired a new stake in Franklin Covey in the 2nd quarter valued at about $373,000. Strs Ohio grew its stake in Franklin Covey by 11.2% in the 3rd quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock valued at $678,000 after acquiring an additional 2,900 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Franklin Covey by 10.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,495 shares of the business services provider’s stock valued at $698,000 after acquiring an additional 2,678 shares during the last quarter. 46.49% of the stock is currently owned by hedge funds and other institutional investors.
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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 worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.
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