$64.60 Million in Sales Expected for Franklin Covey Company (FC) This Quarter
Brokerages expect that Franklin Covey Company (NYSE:FC) will post $64.60 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Franklin Covey’s earnings. The highest sales estimate is $66.10 million and the lowest is $61.00 million. Franklin Covey posted sales of $64.83 million during the same quarter last year, which suggests a negative year over year growth rate of 0.4%. The company is expected to issue its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Franklin Covey will report full-year sales of $64.60 million for the current fiscal year, with estimates ranging from $186.73 million to $191.80 million. For the next year, analysts anticipate that the firm will report sales of $203.62 million per share, with estimates ranging from $198.00 million to $207.24 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Franklin Covey.
Several equities analysts have weighed in on the company. B. Riley restated a “buy” rating and set a $24.00 price target on shares of Franklin Covey in a report on Tuesday, June 27th. Zacks Investment Research cut Franklin Covey from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. Finally, BidaskClub cut Franklin Covey from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.00.
Shares of Franklin Covey (FC) traded up 0.25% during mid-day trading on Tuesday, reaching $19.80. The company’s stock had a trading volume of 1,313 shares. The stock’s market capitalization is $274.41 million. The company’s 50-day moving average price is $19.07 and its 200-day moving average price is $19.52. Franklin Covey has a 12-month low of $15.20 and a 12-month high of $22.45.
In other news, Director Joel Clinton Peterson sold 1,793 shares of Franklin Covey stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $18.50, for a total value of $33,170.50. Following the completion of the transaction, the director now owns 228,864 shares in the company, valued at approximately $4,233,984. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 5,377 shares of company stock valued at $102,915. Company insiders own 33.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC boosted its holdings in Franklin Covey by 22.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 197,696 shares of the business services provider’s stock valued at $3,816,000 after acquiring an additional 35,658 shares during the period. State Street Corp boosted its holdings in Franklin Covey by 13.6% during the 2nd quarter. State Street Corp now owns 201,339 shares of the business services provider’s stock valued at $3,884,000 after acquiring an additional 24,088 shares during the period. Vanguard Group Inc. boosted its holdings in Franklin Covey by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 488,489 shares of the business services provider’s stock valued at $9,867,000 after acquiring an additional 20,353 shares during the period. California Public Employees Retirement System purchased a new position in Franklin Covey during the 1st quarter valued at $210,000. Finally, Teachers Advisors LLC boosted its holdings in Franklin Covey by 53.3% during the 4th quarter. Teachers Advisors LLC now owns 25,985 shares of the business services provider’s stock valued at $524,000 after acquiring an additional 9,037 shares during the period. Hedge funds and other 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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