$57.41 Million in Sales Expected for Franklin Covey Co. (NYSE:FC) This Quarter

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Wall Street brokerages expect Franklin Covey Co. (NYSE:FC) to announce sales of $57.41 million for the current quarter, Zacks reports. Three analysts have provided estimates for Franklin Covey’s earnings, with the lowest sales estimate coming in at $57.30 million and the highest estimate coming in at $57.50 million. Franklin Covey reported sales of $53.83 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The firm is scheduled to issue its next earnings results on Wednesday, January 8th.

On average, analysts expect that Franklin Covey will report full-year sales of $243.34 million for the current financial year, with estimates ranging from $242.14 million to $245.00 million. For the next fiscal year, analysts forecast that the business will report sales of $262.24 million, with estimates ranging from $260.33 million to $265.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Franklin Covey.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The business had revenue of $65.17 million for the quarter, compared to analyst estimates of $67.99 million. Franklin Covey had a negative net margin of 0.45% and a negative return on equity of 1.33%.

FC has been the subject of a number of research analyst reports. Zacks Investment Research raised Franklin Covey from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Tuesday, October 29th. TheStreet upgraded Franklin Covey from a “c” rating to a “b-” rating in a research report on Friday, November 8th. ValuEngine downgraded Franklin Covey from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barrington Research raised their price objective on Franklin Covey from $40.00 to $45.00 in a report on Friday, November 8th. Finally, B. Riley restated a “buy” rating on shares of Franklin Covey in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $42.38.

FC traded down $0.19 on Friday, reaching $36.96. The company’s stock had a trading volume of 29,800 shares, compared to its average volume of 35,051. The stock has a 50 day moving average of $37.41 and a two-hundred day moving average of $35.21. The company has a quick ratio of 1.12, a current ratio of 1.15 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $516.09 million, a price-to-earnings ratio of -528.00, a P/E/G ratio of 5.74 and a beta of 0.86. Franklin Covey has a fifty-two week low of $20.52 and a fifty-two week high of $41.85.

Several institutional investors have recently added to or reduced their stakes in FC. FMR LLC raised 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 valued at $7,554,000 after acquiring an additional 72,626 shares in the last quarter. Millennium Management LLC bought a new stake in Franklin Covey during the third quarter valued at approximately $2,387,000. Pembroke Management LTD grew its position in Franklin Covey by 4.2% during the second quarter. Pembroke Management LTD now owns 881,276 shares of the business services provider’s stock valued at $29,963,000 after buying an additional 35,773 shares during the period. BlackRock Inc. grew its position in Franklin Covey by 3.3% during the second quarter. BlackRock Inc. now owns 829,686 shares of the business services provider’s stock valued at $28,209,000 after buying an additional 26,863 shares during the period. Finally, Rice Hall James & Associates LLC grew its position in Franklin Covey by 5.8% during the third quarter. Rice Hall James & Associates LLC now owns 355,055 shares of the business services provider’s stock valued at $12,427,000 after buying an additional 19,344 shares during the period. Institutional investors own 48.59% 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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