Franklin Covey’s (FC) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Franklin Covey (NYSE:FC) in a research report released on Thursday morning,Benzinga reports. The firm currently has a $25.00 price objective on the business services provider’s stock.

Franklin Covey Stock Up 1.5%

NYSE:FC opened at $23.68 on Thursday. The business’s 50-day moving average price is $15.92 and its 200 day moving average price is $16.96. Franklin Covey has a 52-week low of $11.16 and a 52-week high of $24.70. The firm has a market cap of $273.46 million, a P/E ratio of -112.74, a PEG ratio of 1.42 and a beta of 0.58.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 11.55%. The business had revenue of $59.65 million during the quarter, compared to analyst estimates of $58.71 million. Sell-side analysts expect that Franklin Covey will post 0.97 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wiser Advisor Group LLC acquired a new stake in shares of Franklin Covey during the 3rd quarter valued at $35,000. State of Alaska Department of Revenue acquired a new stake in shares of Franklin Covey during the fourth quarter worth $31,000. CWM LLC raised its position in shares of Franklin Covey by 81.8% during the third quarter. CWM LLC now owns 1,983 shares of the business services provider’s stock worth $38,000 after purchasing an additional 892 shares during the period. Amundi purchased a new stake in shares of Franklin Covey during the first quarter valued at $58,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Franklin Covey by 98.9% during the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 1,112 shares during the last quarter. Institutional investors and hedge funds own 69.88% of the company’s stock.

About Franklin Covey

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.