Franklin Covey Co. (FC) Expected to Announce Earnings of -$0.25 Per Share

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Equities research analysts expect Franklin Covey Co. (NYSE:FC) to post earnings of ($0.25) per share for the current quarter, according to Zacks. Five analysts have made estimates for Franklin Covey’s earnings, with estimates ranging from ($0.31) to ($0.22). Franklin Covey posted earnings of ($0.29) per share in the same quarter last year, which would indicate a positive year over year growth rate of 13.8%. The business is expected to report its next earnings report on Wednesday, April 3rd.

According to Zacks, analysts expect that Franklin Covey will report full year earnings of ($0.01) per share for the current fiscal year, with EPS estimates ranging from ($0.14) to $0.10. For the next year, analysts expect that the firm will report earnings of $0.48 per share, with EPS estimates ranging from $0.44 to $0.52. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Franklin Covey.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Wednesday, January 9th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.09. The business 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%.

Several analysts recently issued reports on FC shares. B. Riley decreased their price objective on shares of Franklin Covey from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, September 17th. Zacks Investment Research downgraded shares of Franklin Covey from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. ValuEngine raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 10th. Finally, Barrington Research reissued a “buy” rating and issued a $30.00 price target on shares of Franklin Covey in a report on Monday, November 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $31.33.

Institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. bought a new stake in Franklin Covey in the 2nd quarter valued at $226,000. Centaurus Financial Inc. bought a new stake in Franklin Covey in the 2nd quarter valued at $373,000. Bridgeway Capital Management Inc. bought a new stake in Franklin Covey in the 3rd quarter valued at $591,000. Strs Ohio boosted its holdings in Franklin Covey by 11.2% in the 3rd quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 2,900 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Franklin Covey by 10.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,495 shares of the business services provider’s stock valued at $698,000 after purchasing an additional 2,678 shares during the period. 44.77% of the stock is owned by hedge funds and other institutional investors.

NYSE FC opened at $23.95 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 0.41. The firm has a market cap of $315.67 million, a P/E ratio of -46.06 and a beta of 0.95. Franklin Covey has a 1 year low of $20.52 and a 1 year high of $31.20.

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

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