Franklin Covey (FC) Announces Earnings Results, Beats Estimates By $0.09 EPS

Franklin Covey (NYSE:FC) announced its quarterly earnings results on Wednesday. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.09, Bloomberg Earnings reports. Franklin Covey had a negative return on equity of 7.59% and a negative net margin of 2.25%. The company had revenue of $53.83 million for the quarter, compared to the consensus estimate of $51.22 million.

FC stock opened at $23.85 on Friday. Franklin Covey has a fifty-two week low of $20.52 and a fifty-two week high of $31.20. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 0.41. The company has a market cap of $315.67 million, a price-to-earnings ratio of -45.87 and a beta of 0.95.

A number of research analysts recently issued reports on FC shares. Barrington Research restated a “buy” rating and set a $30.00 price target on shares of Franklin Covey in a report on Monday, November 12th. ValuEngine downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday. B. Riley reduced their price target on Franklin Covey from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, September 17th. Finally, Zacks Investment Research upgraded Franklin Covey from a “strong sell” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $31.33.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc boosted its position in shares of Franklin Covey by 5.0% in the 3rd quarter. Vanguard Group Inc now owns 535,910 shares of the business services provider’s stock worth $12,674,000 after purchasing an additional 25,748 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Franklin Covey by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 535,910 shares of the business services provider’s stock worth $12,674,000 after purchasing an additional 25,748 shares in the last quarter. Renaissance Technologies LLC lifted its position in Franklin Covey by 19.1% in the 3rd quarter. Renaissance Technologies LLC now owns 74,300 shares of the business services provider’s stock valued at $1,757,000 after acquiring an additional 11,900 shares in the last quarter. Bridgeway Capital Management Inc. bought a new position in Franklin Covey in the 3rd quarter valued at approximately $591,000. Finally, FMR LLC bought a new position in Franklin Covey in the 3rd quarter valued at approximately $5,343,000. Hedge funds and other institutional investors own 44.77% of the company’s stock.

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Franklin Covey Company Profile

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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Earnings History for Franklin Covey (NYSE:FC)

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