Franklin Covey (FC) Posts Earnings Results, Beats Expectations By $0.16 EPS

Franklin Covey (NYSE:FC) released its earnings results on Thursday. The business services provider reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.16, Bloomberg Earnings reports. The firm had revenue of $47.90 million for the quarter, compared to analyst estimates of $43.47 million. Franklin Covey had a negative net margin of 3.87% and a negative return on equity of 5.50%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.29) earnings per share.

Franklin Covey (NYSE FC) traded up $0.20 during mid-day trading on Thursday, hitting $21.85. The stock had a trading volume of 118,901 shares, compared to its average volume of 92,367. The firm has a market capitalization of $309.38, a P/E ratio of -41.23 and a beta of 0.82. Franklin Covey has a 1-year low of $15.20 and a 1-year high of $22.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.10.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Franklin Covey from a “sell” rating to a “hold” rating in a research note on Wednesday. B. Riley reiterated a “buy” rating and issued a $21.00 price target on shares of Franklin Covey in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.00.

In related news, Director Joel Clinton Peterson sold 1,793 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $19.13, for a total transaction of $34,300.09. Following the completion of the sale, the director now directly owns 223,487 shares of the company’s stock, valued at $4,275,306.31. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 33.50% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in Franklin Covey stock. The Manufacturers Life Insurance Company increased its stake in shares of Franklin Covey Co. (NYSE:FC) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,948 shares of the business services provider’s stock after purchasing an additional 740 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Franklin Covey worth $172,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 50.19% of the company’s stock.

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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.

Earnings History for Franklin Covey (NYSE:FC)

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