Franklin Covey (NYSE:FC) Earns Outperform Rating from Barrington Research

Franklin Covey (NYSE:FC)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a note issued to investors on Wednesday,Benzinga reports. They currently have a $25.00 price objective on the business services provider’s stock. Barrington Research’s price objective would indicate a potential upside of 62.28% from the company’s previous close.

Franklin Covey Stock Up 2.0%

Shares of Franklin Covey stock opened at $15.41 on Wednesday. The business has a fifty day simple moving average of $16.24 and a 200 day simple moving average of $17.00. The stock has a market cap of $177.93 million, a PE ratio of -128.36, a price-to-earnings-growth ratio of 0.92 and a beta of 0.74. Franklin Covey has a 12 month low of $11.16 and a 12 month high of $29.17.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, January 7th. The business services provider reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.30). The company had revenue of $64.05 million for the quarter, compared to the consensus estimate of $64.77 million. Franklin Covey had a positive return on equity of 9.98% and a negative net margin of 0.54%.During the same quarter last year, the business posted $0.20 EPS. Analysts expect that Franklin Covey will post 0.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Franklin Covey in the fourth quarter valued at approximately $31,000. Wiser Advisor Group LLC bought a new position in shares of Franklin Covey during the third quarter worth $35,000. CWM LLC grew its holdings in shares of Franklin Covey by 81.8% in the 3rd quarter. CWM LLC now owns 1,983 shares of the business services provider’s stock valued at $38,000 after buying an additional 892 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Franklin Covey by 98.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock valued at $43,000 after buying an additional 1,112 shares during the period. Finally, Amundi bought a new stake in shares of Franklin Covey in the 1st quarter valued at $58,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

About Franklin Covey

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.