Franklin Covey (NYSE:FC) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Posted by on Jan 8th, 2021

Franklin Covey (NYSE:FC) posted its quarterly earnings results on Wednesday. The business services provider reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.08, MarketWatch Earnings reports. Franklin Covey had a positive return on equity of 2.73% and a negative net margin of 4.75%.

NYSE:FC opened at $24.72 on Friday. The stock has a 50-day simple moving average of $22.70 and a two-hundred day simple moving average of $20.18. Franklin Covey has a 52-week low of $12.61 and a 52-week high of $35.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.96 and a current ratio of 0.99. The firm has a market capitalization of $346.70 million, a PE ratio of -36.35, a P/E/G ratio of 50.16 and a beta of 1.62.

A number of analysts recently commented on the company. ValuEngine upgraded Franklin Covey from a “hold” rating to a “buy” rating in a research report on Tuesday, November 10th. BidaskClub cut Franklin Covey from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 31st. Roth Capital upped their price objective on Franklin Covey from $25.00 to $30.00 in a research report on Monday, November 9th. Barrington Research reiterated an “outperform” rating on shares of Franklin Covey in a research report on Thursday, October 29th. Finally, Zacks Investment Research upgraded Franklin Covey from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, November 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.75.

In other Franklin Covey news, Director Esther Kay Stepp sold 4,075 shares of the business’s stock in a transaction dated Tuesday, November 24th. The stock was sold at an average price of $22.61, for a total transaction of $92,135.75. Following the completion of the sale, the director now owns 20,615 shares of the company’s stock, valued at $466,105.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 33.20% of the company’s stock.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, leadership, and educational improvement for organizations and individuals worldwide. The company operates through three segments: Direct Offices, International Licensees, and Education Practice.

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Earnings History for Franklin Covey (NYSE:FC)

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