Brokers Issue Forecasts for Franklin Covey Co.’s Q1 2017 Earnings (FC)
Franklin Covey Co. (NYSE:FC) – Stock analysts at William Blair issued their Q1 2017 EPS estimates for Franklin Covey in a research note issued on Thursday. William Blair analyst T. Mchugh anticipates that the firm will post earnings per share of ($0.06) for the quarter. William Blair also issued estimates for Franklin Covey’s Q2 2017 earnings at ($0.09) EPS, Q3 2017 earnings at ($0.11) EPS, Q4 2017 earnings at $0.46 EPS and FY2017 earnings at $0.20 EPS.
Several other analysts also recently weighed in on FC. B. Riley reaffirmed a “buy” rating and set a $20.00 target price on shares of Franklin Covey in a research note on Tuesday, November 8th. TheStreet upgraded Franklin Covey from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Zacks Investment Research cut Franklin Covey from a “hold” rating to a “sell” rating in a research report on Monday.
Franklin Covey (NYSE:FC) opened at 19.05 on Monday. The stock has a market capitalization of $266.66 million, a P/E ratio of 40.62 and a beta of 0.85. The company’s 50-day moving average price is $17.97 and its 200 day moving average price is $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 released its earnings results on Wednesday, November 9th. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $68.57 million. During the same quarter last year, the company posted $0.46 earnings per share. The business’s quarterly revenue 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 Thursday, September 1st. The stock was sold at an average price of $16.13, for a total transaction of $28,904.96. Following the transaction, the director now directly owns 255,070 shares in the company, valued at approximately $4,114,279.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 28.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Advisors LLC increased its position in shares of Franklin Covey by 12.1% in the third quarter. BlackRock Advisors LLC now owns 6,540 shares of the company’s stock worth $116,000 after buying an additional 704 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Franklin Covey during the second quarter worth $129,000. The Manufacturers Life Insurance Company acquired a new position in shares of Franklin Covey during the third quarter worth $144,000. Acrospire Investment Management LLC increased its position in shares of Franklin Covey by 73.0% in the second quarter. Acrospire Investment Management LLC now owns 10,056 shares of the company’s stock worth $154,000 after buying an additional 4,243 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Franklin Covey by 18.8% in the third quarter. Two Sigma Advisers LP now owns 15,200 shares of the company’s stock worth $271,000 after buying an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 56.66% 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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