Franklin Covey (NYSE:FC) Issues Quarterly Earnings Results

Franklin Covey (NYSE:FC) posted its quarterly earnings results on Wednesday. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03, FiscalAI reports. Franklin Covey had a positive return on equity of 12.79% and a negative net margin of 0.88%.The business had revenue of $67.81 million during the quarter, compared to the consensus estimate of $68.33 million.

Franklin Covey Stock Performance

NYSE:FC traded up $0.74 during trading hours on Wednesday, reaching $25.27. The stock had a trading volume of 271,577 shares, compared to its average volume of 148,831. Franklin Covey has a 52 week low of $11.16 and a 52 week high of $26.81. The company has a 50 day moving average price of $23.03 and a two-hundred day moving average price of $19.39. The stock has a market capitalization of $284.75 million, a PE ratio of -120.31, a PEG ratio of 1.60 and a beta of 0.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP increased its position in Franklin Covey by 2.4% in the second quarter. First Trust Advisors LP now owns 35,639 shares of the business services provider’s stock worth $813,000 after purchasing an additional 843 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Franklin Covey by 98.9% during the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 1,112 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of Franklin Covey by 8.1% in the 4th quarter. State of Wisconsin Investment Board now owns 21,350 shares of the business services provider’s stock worth $358,000 after buying an additional 1,600 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Franklin Covey by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 301,459 shares of the business services provider’s stock worth $5,060,000 after buying an additional 1,626 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its holdings in shares of Franklin Covey by 0.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 591,318 shares of the business services provider’s stock worth $11,477,000 after buying an additional 1,811 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FC has been the subject of a number of research reports. Barrington Research restated an “outperform” rating and set a $25.00 target price on shares of Franklin Covey in a research report on Thursday, April 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Franklin Covey in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Franklin Covey presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Franklin Covey Company Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.