Franklin Covey Co. to Post Q3 2020 Earnings of ($0.01) Per Share, William Blair Forecasts (FC)

Franklin Covey Co. (NYSE:FC) – William Blair issued their Q3 2020 EPS estimates for Franklin Covey in a report issued on Thursday, January 10th. William Blair analyst T. Mchugh expects that the business services provider will post earnings of ($0.01) per share for the quarter. William Blair also issued estimates for Franklin Covey’s Q4 2020 earnings at $0.64 EPS and FY2020 earnings at $0.51 EPS.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, January 9th. The business services provider reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.09. 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 analyst estimates of $51.22 million.

FC has been the topic of several other research reports. ValuEngine upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 10th. 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. Zacks Investment Research lowered Franklin Covey from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Finally, B. Riley set a $30.00 price target on Franklin Covey and gave the company a “buy” rating in a report on Tuesday, November 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $31.33.

NYSE:FC opened at $23.95 on Friday. Franklin Covey has a fifty-two week low of $20.52 and a fifty-two week high of $31.20. The firm has a market cap of $315.67 million, a P/E ratio of -46.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.06.

Hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. purchased a new stake in Franklin Covey in the second quarter worth $226,000. FMR LLC purchased a new stake in Franklin Covey in the third quarter worth $5,343,000. Centaurus Financial Inc. purchased a new stake in Franklin Covey in the second quarter worth $373,000. Strs Ohio increased its stake in Franklin Covey by 11.2% in the third quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock worth $678,000 after purchasing an additional 2,900 shares during the period. Finally, Bridgeway Capital Management Inc. purchased a new stake in Franklin Covey in the third quarter worth $591,000. Institutional investors and hedge funds own 44.77% of the company’s stock.

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 and Estimates for Franklin Covey (NYSE:FC)

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