Research Analysts Issue Forecasts for Franklin Covey Co.’s FY2018 Earnings (FC)
Franklin Covey Co. (NYSE:FC) – William Blair issued their FY2018 earnings per share estimates for Franklin Covey in a report issued on Thursday. William Blair analyst T. Mchugh expects that the brokerage will post earnings of $0.62 per share for the year.
Separately, B. Riley reissued a “buy” rating and issued a $20.00 target price on shares of Franklin Covey in a report on Tuesday.
Shares of Franklin Covey (NYSE:FC) traded up 4.74% during midday trading on Friday, hitting $18.80. 94,021 shares of the company were exchanged. The stock has a market capitalization of $263.16 million, a price-to-earnings ratio of 40.09 and a beta of 0.85. Franklin Covey has a 52-week low of $13.45 and a 52-week high of $18.80. The company has a 50-day moving average price of $17.97 and a 200-day moving average price of $16.38.
Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.04. Franklin Covey had a net margin of 3.51% and a return on equity of 6.77%. The firm earned $64.80 million during the quarter, compared to analysts’ expectations of $68.57 million. During the same period in the prior year, the company posted $0.46 EPS. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year.
In other news, Director Joel Clinton Peterson sold 1,792 shares of Franklin Covey stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $18.03, for a total transaction of $32,309.76. Following the completion of the transaction, the director now owns 251,485 shares of the company’s stock, valued at approximately $4,534,274.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 28.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FC. BlackRock Advisors LLC increased its position in Franklin Covey by 12.1% in the third quarter. BlackRock Advisors LLC now owns 6,540 shares of the company’s stock valued at $116,000 after buying an additional 704 shares during the period. Acadian Asset Management LLC purchased a new position in Franklin Covey during the second quarter valued at about $129,000. Acrospire Investment Management LLC increased its position in Franklin Covey by 73.0% in the second quarter. Acrospire Investment Management LLC now owns 10,056 shares of the company’s stock valued at $154,000 after buying an additional 4,243 shares during the period. Morgan Stanley increased its position in Franklin Covey by 203.8% in the third quarter. Morgan Stanley now owns 17,357 shares of the company’s stock valued at $309,000 after buying an additional 11,644 shares during the period. Finally, Menta Capital LLC increased its position in Franklin Covey by 10.2% in the second quarter. Menta Capital LLC now owns 23,593 shares of the company’s stock valued at $362,000 after buying an additional 2,175 shares during the period. 59.12% of the stock is owned by institutional investors and hedge funds.
About Franklin Covey
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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