Wall Street brokerages expect Franklin Covey Co. (NYSE:FC) to report sales of $67.99 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Franklin Covey’s earnings, with the lowest sales estimate coming in at $66.00 million and the highest estimate coming in at $69.60 million. Franklin Covey posted sales of $64.82 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The firm is expected to issue its next earnings results on Thursday, November 14th.
According to Zacks, analysts expect that Franklin Covey will report full-year sales of $228.18 million for the current fiscal year, with estimates ranging from $226.19 million to $229.80 million. For the next year, analysts forecast that the business will post sales of $245.78 million, with estimates ranging from $242.50 million to $248.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Franklin Covey.
FC has been the topic of several research analyst reports. Roth Capital increased their price objective on Franklin Covey from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. ValuEngine cut Franklin Covey from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barrington Research increased their target price on Franklin Covey from $34.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, June 28th. B. Riley increased their target price on Franklin Covey from $35.00 to $42.50 and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, Zacks Investment Research cut Franklin Covey from a “buy” rating to a “hold” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Franklin Covey has a consensus rating of “Buy” and a consensus price target of $40.38.
NYSE:FC traded down $0.49 during midday trading on Monday, hitting $35.72. The stock had a trading volume of 33,164 shares, compared to its average volume of 45,330. Franklin Covey has a one year low of $20.52 and a one year high of $39.31. The company has a market capitalization of $506.01 million, a price-to-earnings ratio of -68.69, a PEG ratio of 5.13 and a beta of 0.85. The stock has a 50-day moving average of $35.67 and a 200 day moving average of $33.10. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.31.
Several institutional investors and hedge funds have recently modified their holdings of the company. Pembroke Management LTD lifted its holdings in shares of Franklin Covey by 4.2% during the 2nd quarter. Pembroke Management LTD now owns 881,276 shares of the business services provider’s stock valued at $29,963,000 after purchasing an additional 35,773 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Franklin Covey by 3.3% during the 2nd quarter. BlackRock Inc. now owns 829,686 shares of the business services provider’s stock valued at $28,209,000 after purchasing an additional 26,863 shares during the last quarter. Vanguard Group Inc. raised its stake in Franklin Covey by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 543,358 shares of the business services provider’s stock worth $18,475,000 after acquiring an additional 7,195 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in Franklin Covey by 0.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 335,711 shares of the business services provider’s stock worth $11,414,000 after acquiring an additional 2,691 shares during the last quarter. Finally, FMR LLC raised its stake in Franklin Covey by 32.1% in the 1st quarter. FMR LLC now owns 298,560 shares of the business services provider’s stock worth $7,554,000 after acquiring an additional 72,626 shares during the last quarter. Hedge funds and other institutional investors own 46.22% of the company’s stock.
About Franklin Covey
Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.
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