Zacks: Analysts Expect Franklin Covey Co. (NYSE:FC) to Post $0.37 EPS

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Brokerages expect that Franklin Covey Co. (NYSE:FC) will announce earnings of $0.37 per share for the current quarter, Zacks reports. Five analysts have made estimates for Franklin Covey’s earnings, with estimates ranging from $0.33 to $0.42. Franklin Covey posted earnings of $0.13 per share during the same quarter last year, which indicates a positive year over year growth rate of 184.6%. The firm is expected to issue its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Franklin Covey will report full year earnings of ($0.12) per share for the current financial year, with EPS estimates ranging from ($0.16) to ($0.06). For the next year, analysts forecast that the firm will report earnings of $0.43 per share, with EPS estimates ranging from $0.37 to $0.47. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Franklin Covey.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Thursday, June 27th. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.06. The business had revenue of $56.01 million during the quarter, compared to analyst estimates of $52.95 million. Franklin Covey had a negative return on equity of 6.68% and a negative net margin of 2.28%.

Several brokerages have recently issued reports on FC. ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Roth Capital boosted their target price on Franklin Covey from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, June 28th. B. Riley set a $71.00 target price on Brunswick and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, Barrington Research boosted their target price on Franklin Covey from $34.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, June 28th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $37.88.

In related news, Director Esther Kay Stepp sold 4,262 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $31.41, for a total value of $133,869.42. Following the completion of the sale, the director now directly owns 57,369 shares in the company, valued at approximately $1,801,960.29. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 33.60% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Cortina Asset Management LLC bought a new position in Franklin Covey during the 2nd quarter worth $3,454,000. FMR LLC increased its stake in Franklin Covey by 32.1% during 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 period. Marshall Wace LLP increased its stake in Franklin Covey by 305.4% during the 1st quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock worth $184,000 after acquiring an additional 5,475 shares during the period. Punch & Associates Investment Management Inc. increased its stake in Franklin Covey by 1.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 365,135 shares of the business services provider’s stock worth $9,238,000 after acquiring an additional 4,974 shares during the period. Finally, Spark Investment Management LLC increased its stake in Franklin Covey by 92.2% during the 1st quarter. Spark Investment Management LLC now owns 37,099 shares of the business services provider’s stock worth $938,000 after acquiring an additional 17,799 shares during the period. Institutional investors own 45.37% of the company’s stock.

Shares of Franklin Covey stock traded down $0.54 during trading on Friday, hitting $35.09. 49,478 shares of the stock traded hands, compared to its average volume of 53,535. The company has a market capitalization of $497.90 million, a PE ratio of -67.48 and a beta of 0.85. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.31. Franklin Covey has a twelve month low of $20.52 and a twelve month high of $36.06. The business’s fifty day moving average is $32.72.

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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