$64.87 Million in Sales Expected for Franklin Covey Company (FC) This Quarter
Wall Street analysts expect Franklin Covey Company (NYSE:FC) to announce sales of $64.87 million for the current quarter, according to Zacks. Five analysts have made estimates for Franklin Covey’s earnings. The highest sales estimate is $67.39 million and the lowest is $61.00 million. Franklin Covey reported sales of $64.83 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.1%. The business is expected to announce its next quarterly earnings report on Wednesday, November 8th.
On average, analysts expect that Franklin Covey will report full-year sales of $64.87 million for the current fiscal year, with estimates ranging from $186.73 million to $194.27 million. For the next fiscal year, analysts forecast that the company will report sales of $204.67 million per share, with estimates ranging from $198.00 million to $210.49 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Franklin Covey.
Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Friday, June 30th. The business services provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.13). The firm had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $44.25 million. Franklin Covey had a negative net margin of 2.15% and a negative return on equity of 2.02%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) EPS.
Several brokerages recently weighed in on FC. B. Riley restated a “buy” rating and issued a $24.00 price target on shares of Franklin Covey in a research note on Tuesday, June 27th. Zacks Investment Research upgraded Franklin Covey from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. BidaskClub lowered Franklin Covey from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, ValuEngine upgraded Franklin Covey from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Franklin Covey has a consensus rating of “Hold” and an average target price of $22.00.
Franklin Covey (NYSE:FC) traded down 2.62% during mid-day trading on Thursday, reaching $18.55. The company had a trading volume of 29,448 shares. The firm’s market capitalization is $257.08 million. The stock’s 50-day moving average price is $18.30 and its 200 day moving average price is $19.21. Franklin Covey has a 52 week low of $15.20 and a 52 week high of $22.45.
In other Franklin Covey news, Director Joel Clinton Peterson sold 1,792 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $19.45, for a total transaction of $34,854.40. Following the completion of the sale, the director now directly owns 230,657 shares in the company, valued at approximately $4,486,278.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders sold 5,377 shares of company stock valued at $101,338. 33.50% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of FC. American International Group Inc. increased its stake in Franklin Covey by 7.3% during the 1st quarter. American International Group Inc. now owns 6,300 shares of the business services provider’s stock worth $127,000 after buying an additional 427 shares in the last quarter. Woodmont Investment Counsel LLC purchased a new stake in Franklin Covey during the 1st quarter worth approximately $141,000. The Manufacturers Life Insurance Company increased its stake in Franklin Covey by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock worth $172,000 after buying an additional 740 shares in the last quarter. Wells Fargo & Company MN increased its stake in Franklin Covey by 24.5% during the 1st quarter. Wells Fargo & Company MN now owns 8,617 shares of the business services provider’s stock worth $174,000 after buying an additional 1,693 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new stake in Franklin Covey during the 1st quarter worth approximately $210,000. Institutional investors own 52.02% of the company’s stock.
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Franklin Covey Company Profile
Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.
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