Franklin Covey Company (NYSE:FC) – Stock analysts at B. Riley issued their Q1 2018 EPS estimates for Franklin Covey in a report released on Tuesday. B. Riley analyst K. Liu expects that the business services provider will post earnings per share of ($0.24) for the quarter. B. Riley currently has a “Buy” rating and a $22.00 target price on the stock. B. Riley also issued estimates for Franklin Covey’s Q2 2018 earnings at ($0.19) EPS, Q3 2018 earnings at ($0.15) EPS and Q4 2018 earnings at $0.53 EPS.
Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Franklin Covey had a negative return on equity of 5.47% and a negative net margin of 3.87%. The business had revenue of $59.50 million during the quarter, compared to the consensus estimate of $64.60 million. During the same period last year, the company earned $0.55 earnings per share. The business’s quarterly revenue was down 8.2% compared to the same quarter last year.
A number of other brokerages have also issued reports on FC. Zacks Investment Research raised Franklin Covey from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. BidaskClub lowered Franklin Covey from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Franklin Covey currently has an average rating of “Hold” and an average target price of $22.00.
Shares of Franklin Covey (NYSE:FC) traded up $2.00 during midday trading on Thursday, reaching $20.75. The company’s stock had a trading volume of 55,248 shares, compared to its average volume of 23,231. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 1.13. Franklin Covey has a 52-week low of $15.20 and a 52-week high of $22.45.
A number of hedge funds and other institutional investors have recently modified their holdings of FC. American International Group Inc. boosted its stake in Franklin Covey by 7.3% during the 1st quarter. American International Group Inc. now owns 6,300 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 427 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in 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 in the last quarter. Wells Fargo & Company MN boosted its stake in Franklin Covey by 24.5% during the 1st quarter. Wells Fargo & Company MN now owns 8,617 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 1,693 shares in the last quarter. California Public Employees Retirement System bought a new position in Franklin Covey during the 1st quarter valued at $210,000. Finally, Teachers Advisors LLC lifted its position 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 acquiring an additional 2,211 shares during the last quarter. 52.19% of the stock is owned by hedge funds and other institutional investors.
In other Franklin Covey news, Director Joel Clinton Peterson sold 1,792 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $18.59, for a total transaction of $33,313.28. Following the completion of the transaction, the director now directly owns 227,072 shares of the company’s stock, valued at approximately $4,221,268.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 5,377 shares of company stock valued at $104,045. 33.50% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Franklin Covey Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Covey Company and related companies with MarketBeat.com's FREE daily email newsletter.