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

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Franklin Covey Co. (NYSE:FC) – Equities research analysts at William Blair issued their Q3 2020 EPS estimates for shares of Franklin Covey in a note issued to investors on Thursday, January 10th. William Blair analyst T. Mchugh forecasts 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 announced its earnings results on Wednesday, January 9th. The business services provider reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.09. The company had revenue of $53.83 million during the quarter, compared to the consensus estimate of $51.22 million. Franklin Covey had a negative net margin of 2.25% and a negative return on equity of 7.59%.

FC has been the subject of several other research reports. Barrington Research reiterated a “buy” rating and issued a $30.00 target price on shares of Franklin Covey in a report on Monday, November 12th. B. Riley set a $30.00 target price on shares of Franklin Covey and gave the company a “buy” rating in a report on Tuesday, November 6th. Zacks Investment Research downgraded shares of Franklin Covey from a “hold” rating to a “strong sell” rating in a report on Friday, November 30th. Finally, ValuEngine downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Franklin Covey has a consensus rating of “Buy” and a consensus target price of $31.33.

Shares of FC stock opened at $23.95 on Friday. The stock has a market capitalization of $315.67 million, a PE ratio of -46.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.06 and a quick ratio of 1.02. Franklin Covey has a one year low of $20.52 and a one year high of $31.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Franklin Covey by 1.1% during the third quarter. BlackRock Inc. now owns 819,056 shares of the business services provider’s stock worth $19,369,000 after buying an additional 9,273 shares during the last quarter. Vanguard Group Inc increased its holdings in Franklin Covey by 5.0% during the third quarter. Vanguard Group Inc now owns 535,910 shares of the business services provider’s stock worth $12,674,000 after buying an additional 25,748 shares during the last quarter. Vanguard Group Inc. increased its holdings in Franklin Covey by 5.0% during the third quarter. Vanguard Group Inc. now owns 535,910 shares of the business services provider’s stock worth $12,674,000 after buying an additional 25,748 shares during the last quarter. FMR LLC purchased a new stake in Franklin Covey during the third quarter worth about $5,343,000. Finally, Renaissance Technologies LLC increased its holdings in Franklin Covey by 19.1% during the third quarter. Renaissance Technologies LLC now owns 74,300 shares of the business services provider’s stock worth $1,757,000 after buying an additional 11,900 shares during the last quarter. 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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