Franklin Covey (NYSE:FC) Earns “Outperform” Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Franklin Covey (NYSE:FC) in a report published on Thursday, Benzinga reports. The firm currently has a $45.00 price target on the business services provider’s stock. Barrington Research also issued estimates for Franklin Covey’s FY2024 earnings at $1.67 EPS and FY2025 earnings at $1.95 EPS.

Several other research firms also recently issued reports on FC. StockNews.com downgraded shares of Franklin Covey from a strong-buy rating to a buy rating in a report on Friday, June 21st. Northland Securities cut their price target on Franklin Covey from $100.00 to $95.00 and set an outperform rating for the company in a report on Thursday, March 28th.

Franklin Covey Stock Up 3.4 %

FC opened at $38.00 on Thursday. The firm has a market cap of $504.26 million, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. The business has a 50 day moving average price of $37.22 and a 200 day moving average price of $38.99. Franklin Covey has a twelve month low of $32.19 and a twelve month high of $48.76.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, March 27th. The business services provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Franklin Covey had a net margin of 6.50% and a return on equity of 24.90%. The business had revenue of $61.34 million during the quarter, compared to analysts’ expectations of $62.03 million. Research analysts forecast that Franklin Covey will post 1.71 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Hancock Whitney Corp boosted its stake in Franklin Covey by 6.2% in the 1st quarter. Hancock Whitney Corp now owns 6,670 shares of the business services provider’s stock valued at $262,000 after buying an additional 390 shares in the last quarter. Legato Capital Management LLC grew its holdings in shares of Franklin Covey by 8.8% in the 4th quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock worth $263,000 after purchasing an additional 489 shares during the last quarter. Barclays PLC increased its position in shares of Franklin Covey by 19.7% during the 3rd quarter. Barclays PLC now owns 5,921 shares of the business services provider’s stock worth $254,000 after purchasing an additional 975 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Franklin Covey by 46.3% during the 4th quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Franklin Covey in the first quarter valued at about $59,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.