Zacks: Analysts Anticipate Franklin Covey Co. (FC) Will Post Quarterly Sales of $66.65 Million

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Equities analysts expect Franklin Covey Co. (NYSE:FC) to report sales of $66.65 million for the current quarter, Zacks reports. Five analysts have made estimates for Franklin Covey’s earnings, with estimates ranging from $65.48 million to $67.20 million. Franklin Covey posted sales of $59.52 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, November 8th.

On average, analysts expect that Franklin Covey will report full-year sales of $211.58 million for the current fiscal year, with estimates ranging from $210.42 million to $212.10 million. For the next fiscal year, analysts forecast that the company will post sales of $230.44 million, with estimates ranging from $229.67 million to $231.46 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Franklin Covey.

FC has been the topic of a number of recent research reports. B. Riley decreased their target price on Franklin Covey from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, September 17th. Zacks Investment Research cut Franklin Covey from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.00.

Shares of NYSE FC traded up $0.74 during mid-day trading on Friday, reaching $23.05. The company had a trading volume of 246 shares, compared to its average volume of 23,704. The company has a quick ratio of 1.04, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $320.30 million, a price-to-earnings ratio of -60.66, a PEG ratio of 9.60 and a beta of 1.01. Franklin Covey has a 1-year low of $18.00 and a 1-year high of $31.20.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Franklin Covey in the 2nd quarter worth $226,000. Centaurus Financial Inc. acquired a new position in shares of Franklin Covey in the 2nd quarter worth $373,000. Cadence Capital Management LLC acquired a new stake in shares of Franklin Covey in the second quarter worth $926,000. Acadian Asset Management LLC acquired a new stake in shares of Franklin Covey in the second quarter worth $212,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Franklin Covey by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 58,588 shares of the business services provider’s stock worth $1,439,000 after buying an additional 2,046 shares during the period. Institutional investors and hedge funds own 46.49% of the company’s stock.

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 worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.

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Earnings History and Estimates for Franklin Covey (NYSE:FC)

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