Franklin Covey Company (NYSE:FC) – Analysts at B. Riley lowered their FY2019 earnings per share estimates for Franklin Covey in a research report issued to clients and investors on Friday. B. Riley analyst K. Liu now expects that the business services provider will post earnings per share of $0.04 for the year, down from their previous estimate of $0.08. B. Riley currently has a “Buy” rating and a $22.00 price objective on the stock. B. Riley also issued estimates for Franklin Covey’s Q4 2019 earnings at $0.45 EPS.
Franklin Covey (NYSE:FC) last released its earnings results on Thursday, November 9th. The business services provider reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.06). The firm had revenue of $59.50 million during the quarter, compared to analysts’ expectations of $64.60 million. Franklin Covey had a negative return on equity of 5.47% and a negative net margin of 3.87%. The firm’s revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. WARNING: This piece was posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://transcriptdaily.com/2017/11/14/fy2019-eps-estimates-for-franklin-covey-company-decreased-by-b-riley-fc.html.
A number of other equities analysts have also weighed in on FC. Zacks Investment Research lowered shares of Franklin Covey from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub lowered shares of Franklin Covey from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Franklin Covey presently has a consensus rating of “Hold” and an average target price of $22.00.
Franklin Covey (NYSE:FC) traded down $1.05 during mid-day trading on Monday, reaching $19.70. 60,300 shares of the company’s stock traded hands, compared to its average volume of 47,190. 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 12-month low of $15.20 and a 12-month high of $22.45.
In related news, Director Joel Clinton Peterson sold 1,792 shares of Franklin Covey stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $20.33, for a total transaction of $36,431.36. Following the transaction, the director now owns 225,280 shares in the company, valued at approximately $4,579,942.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 5,377 shares of company stock worth $104,045 in the last 90 days. Company insiders own 33.50% of the company’s stock.
Several large investors have recently bought and sold shares of FC. American International Group Inc. lifted its holdings in Franklin Covey by 7.3% in the 1st quarter. American International Group Inc. now owns 6,300 shares of the business services provider’s stock worth $127,000 after buying an additional 427 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Franklin Covey by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock worth $172,000 after buying an additional 740 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Franklin Covey by 24.5% in the 1st quarter. Wells Fargo & Company MN now owns 8,617 shares of the business services provider’s stock worth $174,000 after buying an additional 1,693 shares in the last quarter. California Public Employees Retirement System acquired a new position in Franklin Covey in the 1st quarter worth $210,000. Finally, Teachers Advisors LLC lifted its holdings in Franklin Covey by 13.0% in the 2nd quarter. Teachers Advisors LLC now owns 19,159 shares of the business services provider’s stock worth $370,000 after buying an additional 2,211 shares in the last quarter. Institutional investors and hedge funds own 52.06% of the company’s stock.
Franklin Covey Company Profile
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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