Equities analysts expect Franklin Covey Co. (NYSE:FC) to post sales of $52.95 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Franklin Covey’s earnings. The lowest sales estimate is $52.50 million and the highest is $53.50 million. Franklin Covey posted sales of $50.46 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.9%. The business is scheduled to announce its next earnings results on Wednesday, June 26th.

On average, analysts expect that Franklin Covey will report full year sales of $227.14 million for the current financial year, with estimates ranging from $226.62 million to $227.70 million. For the next fiscal year, analysts forecast that the business will report sales of $245.54 million, with estimates ranging from $245.00 million to $246.50 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Franklin Covey.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Thursday, April 4th. The business services provider reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.02. The firm had revenue of $50.36 million during the quarter, compared to analysts’ expectations of $48.72 million. Franklin Covey had a negative net margin of 2.56% and a negative return on equity of 7.25%.

A number of equities analysts have commented on FC shares. Zacks Investment Research downgraded shares of Franklin Covey from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. B. Riley set a $35.00 price objective on shares of Franklin Covey and gave the stock a “buy” rating in a research report on Friday, April 5th. Barrington Research set a $30.00 price objective on shares of Franklin Covey and gave the stock a “buy” rating in a research report on Friday, December 28th. Finally, ValuEngine downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 7th.

A number of institutional investors have recently made changes to their positions in FC. FMR LLC purchased a new position in Franklin Covey during the 3rd quarter worth $5,343,000. Pembroke Management LTD increased its holdings in Franklin Covey by 4.5% during the 4th quarter. Pembroke Management LTD now owns 854,629 shares of the business services provider’s stock valued at $19,084,000 after acquiring an additional 36,850 shares in the last quarter. Vanguard Group Inc. increased its holdings in Franklin Covey by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 535,910 shares of the business services provider’s stock valued at $12,674,000 after acquiring an additional 25,748 shares in the last quarter. Vanguard Group Inc increased its holdings in Franklin Covey by 5.0% during the 3rd quarter. Vanguard Group Inc now owns 535,910 shares of the business services provider’s stock valued at $12,674,000 after acquiring an additional 25,748 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Franklin Covey by 2.2% during the 4th quarter. BlackRock Inc. now owns 837,242 shares of the business services provider’s stock valued at $18,697,000 after acquiring an additional 18,186 shares in the last quarter. Institutional investors own 44.66% of the company’s stock.

NYSE:FC traded up $0.58 during trading hours on Monday, reaching $28.86. 19,625 shares of the company’s stock were exchanged, compared to its average volume of 31,798. The stock has a market cap of $403.00 million, a P/E ratio of -55.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.97. Franklin Covey has a 1-year low of $20.52 and a 1-year high of $29.60.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

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Earnings History and Estimates for Franklin Covey (NYSE:FC)

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