Franklin Covey Company (NYSE:FC) – Equities researchers at Barrington Research issued their Q1 2018 earnings estimates for Franklin Covey in a report issued on Thursday. Barrington Research analyst A. Paris. Jr forecasts that the business services provider will post earnings per share of ($0.20) for the quarter. Barrington Research also issued estimates for Franklin Covey’s Q2 2018 earnings at ($0.09) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at $0.56 EPS and FY2019 earnings at $0.45 EPS.
Franklin Covey (NYSE:FC) last released its quarterly earnings data on Friday, June 30th. The business services provider reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.13. Franklin Covey had a negative net margin of 2.15% and a negative return on equity of 2.02%. The business had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $44.25 million. During the same period last year, the company earned ($0.07) earnings per share. Franklin Covey’s revenue for the quarter was down 2.0% compared to the same quarter last year.
Other analysts also recently issued research reports about the company. B. Riley reissued a “buy” rating and set a $22.00 target price on shares of Franklin Covey in a research note on Sunday, July 2nd. BidaskClub downgraded Franklin Covey from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. ValuEngine raised Franklin Covey from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded Franklin Covey from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $22.00.
Shares of Franklin Covey (NYSE:FC) opened at 18.55 on Monday. The company’s market capitalization is $257.08 million. The stock’s 50 day moving average price is $18.25 and its 200 day moving average price is $19.17. Franklin Covey has a 12 month low of $15.20 and a 12 month high of $22.45.
A number of institutional investors have recently bought and sold shares of FC. American International Group Inc. grew its holdings in Franklin Covey by 7.3% during the first quarter. American International Group Inc. now owns 6,300 shares of the business services provider’s stock worth $127,000 after acquiring an additional 427 shares during the period. Woodmont Investment Counsel LLC purchased a new position in Franklin Covey during the first quarter worth approximately $141,000. The Manufacturers Life Insurance Company boosted its position in Franklin Covey by 9.0% during the second quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock worth $172,000 after purchasing an additional 740 shares in the last quarter. Wells Fargo & Company MN boosted its position in Franklin Covey by 24.5% during the first quarter. Wells Fargo & Company MN now owns 8,617 shares of the business services provider’s stock worth $174,000 after purchasing an additional 1,693 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new position in Franklin Covey during the first quarter worth approximately $210,000. 52.02% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Joel Clinton Peterson sold 1,793 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $18.50, for a total value of $33,170.50. Following the transaction, the director now directly owns 228,864 shares of the company’s stock, valued at $4,233,984. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 5,377 shares of company stock worth $101,338 over the last ninety days. 33.50% of the stock is currently owned by corporate insiders.
About Franklin Covey
Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.
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