Franklin Covey Co. (NYSE:FC) – Stock analysts at Barrington Research reduced their Q2 2018 earnings per share estimates for shares of Franklin Covey in a report issued on Tuesday, Zacks Investment Research reports. Barrington Research analyst A. Paris. Jr now anticipates that the business services provider will post earnings per share of ($0.32) for the quarter, down from their prior estimate of ($0.25). Barrington Research currently has a “Outperform” rating on the stock. Barrington Research also issued estimates for Franklin Covey’s Q3 2018 earnings at ($0.20) EPS, FY2018 earnings at ($0.23) EPS and FY2019 earnings at $0.27 EPS.
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research raised Franklin Covey from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. B. Riley reaffirmed a “buy” rating and issued a $21.00 price target on shares of Franklin Covey in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $21.00.
Franklin Covey (NYSE:FC) last issued its quarterly earnings data 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 business had revenue of $47.90 million during the quarter, compared to analysts’ expectations of $43.47 million. Franklin Covey had a negative return on equity of 3.79% and a negative net margin of 2.90%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.29) EPS.
In related news, Director Joel Clinton Peterson sold 1,793 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $19.13, for a total value of $34,300.09. Following the completion of the transaction, the director now owns 223,487 shares of the company’s stock, valued at approximately $4,275,306.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 33.50% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in shares of Franklin Covey by 9.0% in the second 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 grew its position in shares of Franklin Covey by 59.0% in the third 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 in the last quarter. California Public Employees Retirement System grew its position in shares of Franklin Covey by 30.8% in the second 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 in the last quarter. Teachers Advisors LLC grew its position in shares of Franklin Covey by 13.0% in the second 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 in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Franklin Covey by 18.1% in the second 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 in the last quarter. Institutional investors own 49.65% of the company’s stock.
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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