Franklin Covey (NYSE:FC) Posts Earnings Results, Beats Expectations By $0.03 EPS

Franklin Covey (NYSE:FC) announced its quarterly earnings results on Wednesday. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03, FiscalAI reports. Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 12.79%. The firm had revenue of $67.81 million during the quarter, compared to analyst estimates of $68.33 million.

Franklin Covey Stock Up 3.0%

FC traded up $0.74 during trading on Wednesday, hitting $25.27. The company’s stock had a trading volume of 271,577 shares, compared to its average volume of 148,831. Franklin Covey has a one year low of $11.16 and a one year high of $26.81. The business’s 50 day simple moving average is $23.03 and its 200-day simple moving average is $19.39. The firm has a market cap of $284.75 million, a PE ratio of -120.31, a P/E/G ratio of 1.60 and a beta of 0.81.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FC. Alliancebernstein L.P. raised its stake in Franklin Covey by 70.4% during the 3rd quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock worth $20,433,000 after acquiring an additional 434,965 shares during the period. Millennium Management LLC lifted its stake in shares of Franklin Covey by 886.1% during the 3rd quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock valued at $5,039,000 after buying an additional 233,291 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Franklin Covey by 83.9% in the 4th quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock worth $6,316,000 after buying an additional 171,744 shares during the period. Bridgeway Capital Management LLC purchased a new stake in Franklin Covey in the 3rd quarter worth $2,275,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Franklin Covey by 122.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 174,324 shares of the business services provider’s stock valued at $3,384,000 after acquiring an additional 96,054 shares during the period. 69.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FC has been the topic of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Franklin Covey in a report on Friday, April 10th. Barrington Research reiterated an “outperform” rating and set a $25.00 target price on shares of Franklin Covey in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.00.

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.