Franklin Covey Co. (FC) Sees Unusually-High Trading Volume
Franklin Covey Co. (NYSE:FC) shares saw strong trading volume on Thursday . 85,264 shares changed 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.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Franklin Covey from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, March 30th. TheStreet lowered Franklin Covey from a “buy” rating to a “hold” rating in a research note on Monday, April 4th. Finally, B. Riley reissued a “buy” rating and issued a $20.00 target price on shares of Franklin Covey in a research note on Monday, July 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Franklin Covey presently has an average rating of “Hold” and a consensus target price of $20.00.
The company has a market cap of $211.87 million and a PE ratio of 33.24. The firm’s 50-day moving average is $15.11 and its 200-day moving average is $16.20.
Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Thursday, June 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.15. The firm earned $44.70 million during the quarter. During the same period last year, the business posted $0.07 EPS. The business’s quarterly revenue was down 7.5% on a year-over-year basis. On average, equities research analysts expect that Franklin Covey Co. will post $0.53 EPS for the current fiscal year.
In other news, Director Joel Clinton Peterson sold 1,792 shares of Franklin Covey stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $15.35, for a total value of $27,507.20. Following the transaction, the director now owns 260,446 shares in the company, valued at approximately $3,997,846.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
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.
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