Franklin Covey (NYSE:FC) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Franklin Covey Company (NYSE:FC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.35 and traded as high as $24.19. Franklin Covey shares last traded at $23.9560, with a volume of 27,498 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Franklin Covey in a report on Friday, April 10th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Franklin Covey in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Franklin Covey currently has a consensus rating of “Hold” and an average price target of $26.00.

Franklin Covey Stock Performance

The stock has a market cap of $269.98 million, a P/E ratio of -114.08, a price-to-earnings-growth ratio of 1.50 and a beta of 0.81. The firm has a 50-day moving average price of $21.88 and a 200-day moving average price of $18.35.

Franklin Covey (NYSE:FC) last announced its earnings results on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.06). Franklin Covey had a positive return on equity of 12.79% and a negative net margin of 0.88%.The firm had revenue of $59.65 million during the quarter, compared to the consensus estimate of $58.71 million. On average, research analysts predict that Franklin Covey Company will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FC. Amundi bought a new position in Franklin Covey during the 1st quarter valued at approximately $58,000. AQR Capital Management LLC increased its position in Franklin Covey by 14.1% during the 1st quarter. AQR Capital Management LLC now owns 68,376 shares of the business services provider’s stock valued at $1,889,000 after buying an additional 8,441 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Franklin Covey by 26.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 238,547 shares of the business services provider’s stock valued at $6,589,000 after buying an additional 50,568 shares in the last quarter. Jane Street Group LLC increased its position in Franklin Covey by 274.3% during the 1st quarter. Jane Street Group LLC now owns 84,874 shares of the business services provider’s stock valued at $2,344,000 after buying an additional 62,201 shares in the last quarter. Finally, Creative Planning purchased a new stake in Franklin Covey during the 2nd quarter valued at $217,000. Institutional investors own 69.88% of the company’s stock.

Franklin Covey Company Profile

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.