Franklin Covey Co. (FC) Sees Unusually-High Trading Volume
Franklin Covey Co. (NYSE:FC) saw unusually-high trading volume on Friday . Approximately 88,419 shares changed hands during mid-day trading, an increase of 12% from the previous session’s volume of 78,790 shares.The stock last traded at $15.82 and had previously closed at $15.90.
FC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Franklin Covey from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, March 30th. TheStreet downgraded shares of Franklin Covey from a “buy” rating to a “hold” rating in a research report on Monday, April 4th. Finally, B. Riley reissued a “buy” rating and issued a $20.00 price objective on shares of Franklin Covey in a research report on Monday, July 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Franklin Covey presently has an average rating of “Hold” and an average target price of $20.00.
The stock’s 50-day moving average is $15.19 and its 200 day moving average is $16.18. The company has a market capitalization of $226.39 million and a price-to-earnings ratio of 35.73.
Franklin Covey (NYSE:FC) last released its 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. During the same period in the previous year, the firm earned $0.07 EPS. The company had revenue of $44.70 million for the quarter. Franklin Covey’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, equities analysts expect that Franklin Covey Co. will post $0.53 earnings per share for the current year.
In other Franklin Covey news, Director Joel Clinton Peterson sold 1,792 shares of Franklin Covey stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $15.35, for a total transaction of $27,507.20. Following the transaction, the director now directly owns 260,446 shares of the company’s stock, valued at $3,997,846.10. The sale was disclosed in a filing with the SEC, which is available at 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.
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