Q4 2017 EPS Estimates for Franklin Covey Co. (FC) Cut by Analyst
Franklin Covey Co. (NYSE:FC) – Investment analysts at B. Riley dropped their Q4 2017 earnings per share estimates for shares of Franklin Covey in a research note issued to investors on Thursday. B. Riley analyst K. Liu now forecasts that the firm will post earnings of $0.54 per share for the quarter, down from their previous forecast of $0.68. B. Riley currently has a “Buy” rating and a $22.50 target price on the stock. B. Riley also issued estimates for Franklin Covey’s Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.65 EPS and FY2018 earnings at $0.66 EPS.
Shares of Franklin Covey (NYSE:FC) opened at 18.80 on Friday. The firm has a market capitalization of $263.16 million, a P/E ratio of 40.09 and a beta of 0.85. The stock has a 50 day moving average price of $17.97 and a 200 day moving average price of $16.38. Franklin Covey has a 52 week low of $13.45 and a 52 week high of $18.80.
Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.04. Franklin Covey had a return on equity of 6.77% and a net margin of 3.51%. The business had revenue of $64.80 million for the quarter, compared to analyst estimates of $68.57 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s revenue was down 3.9% on a year-over-year basis.
In related news, Director Joel Clinton Peterson sold 1,792 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $16.13, for a total value of $28,904.96. Following the completion of the transaction, the director now directly owns 255,070 shares in the company, valued at $4,114,279.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 28.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Franklin Covey by 228.6% in the third quarter. JPMorgan Chase & Co. now owns 155,850 shares of the company’s stock valued at $2,775,000 after buying an additional 108,425 shares during the period. Rice Hall James & Associates LLC raised its position in shares of Franklin Covey by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 165,328 shares of the company’s stock valued at $2,944,000 after buying an additional 16,317 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Franklin Covey by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,694 shares of the company’s stock valued at $609,000 after buying an additional 714 shares during the period. Menta Capital LLC raised its position in shares of 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. Finally, State Street Corp raised its position in shares of Franklin Covey by 2.0% in the second quarter. State Street Corp now owns 155,040 shares of the company’s stock valued at $2,376,000 after buying an additional 3,088 shares during the period. Institutional investors own 59.12% of the company’s stock.
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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