Franklin Covey Co. (FC) Sees Large Volume Increase
Franklin Covey Co. (NYSE:FC) saw strong trading volume on Thursday . 85,264 shares traded hands during trading, an increase of 67% from the previous session’s volume of 50,919 shares.The stock last traded at $14.31 and had previously closed at $14.10.
A number of analysts have commented on the stock. B. Riley reaffirmed a “buy” rating and set a $20.00 price objective on shares of Franklin Covey in a research note on Monday. Zacks Investment Research lowered shares of Franklin Covey from a “hold” rating to a “sell” rating in a research note on Monday. Finally, TheStreet lowered shares of Franklin Covey from a “buy” rating to a “hold” rating in a research note on Monday, April 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.00.
The company has a market capitalization of $204.03 million and a price-to-earnings ratio of 32.01. The stock has a 50 day moving average price of $15.12 and a 200-day moving average price of $16.21.
Franklin Covey (NYSE:FC) last released its quarterly earnings results on Thursday, June 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.15. The company earned $44.70 million during the quarter. Franklin Covey’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 earnings per share. On average, equities research analysts anticipate that Franklin Covey Co. will post $0.53 EPS for the current fiscal year.
In related news, Director Joel Clinton Peterson sold 1,792 shares of Franklin Covey stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $15.35, for a total value of $27,507.20. Following the completion of the transaction, the director now directly owns 260,446 shares of the company’s stock, valued at $3,997,846.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Franklin Covey Co (FranklinCovey) is a global company engaged in performance improvement. The Company operates in seven areas: Leadership, Execution, Productivity, Trust, Sales Performance, Customer Loyalty, and Education. The Company operates globally with one common brand and business model designed to enable the Company to provide clients around the world.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.