Zacks: Analysts Expect Franklin Covey Co. (NYSE:FC) Will Announce Quarterly Sales of $67.99 Million

Equities analysts predict that Franklin Covey Co. (NYSE:FC) will post sales of $67.99 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Franklin Covey’s earnings. The highest sales estimate is $69.60 million and the lowest is $66.00 million. Franklin Covey posted sales of $64.82 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.9%. The firm is scheduled to announce its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Franklin Covey will report full year sales of $228.18 million for the current year, with estimates ranging from $226.19 million to $229.80 million. For the next year, analysts anticipate that the company will post sales of $245.78 million, with estimates ranging from $242.50 million to $248.00 million. Zacks Investment Research’s 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, June 27th. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. Franklin Covey had a negative return on equity of 6.68% and a negative net margin of 2.28%. The company had revenue of $56.01 million during the quarter, compared to the consensus estimate of $52.95 million.

Several analysts recently weighed in on FC shares. Barrington Research lifted their price objective on Franklin Covey from $34.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, June 28th. B. Riley lifted their price objective on Franklin Covey from $35.00 to $42.50 and gave the company a “buy” rating in a report on Friday, June 28th. Roth Capital lifted their price objective on Franklin Covey from $34.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, ValuEngine upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Monday, June 3rd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Franklin Covey currently has an average rating of “Buy” and a consensus target price of $37.88.

Shares of NYSE:FC traded up $0.55 on Wednesday, hitting $37.21. 18,600 shares of the company’s stock were exchanged, compared to its average volume of 33,193. Franklin Covey has a 12 month low of $20.52 and a 12 month high of $38.40. The company has a market capitalization of $510.62 million, a PE ratio of -71.56 and a beta of 0.84. The stock’s 50 day simple moving average is $35.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.96 and a quick ratio of 0.92.

In related news, Director Esther Kay Stepp sold 4,262 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $31.41, for a total value of $133,869.42. Following the sale, the director now owns 57,369 shares in the company, valued at $1,801,960.29. The sale was disclosed in a legal filing with the SEC, which is available through this link. 33.60% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Pembroke Management LTD lifted its holdings in Franklin Covey by 4.2% in the second quarter. Pembroke Management LTD now owns 881,276 shares of the business services provider’s stock valued at $29,963,000 after acquiring an additional 35,773 shares during the period. BlackRock Inc. raised its stake in shares of Franklin Covey by 2.2% during the 4th quarter. BlackRock Inc. now owns 837,242 shares of the business services provider’s stock worth $18,697,000 after buying an additional 18,186 shares during the period. Punch & Associates Investment Management Inc. raised its stake in shares of Franklin Covey by 1.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 365,135 shares of the business services provider’s stock worth $9,238,000 after buying an additional 4,974 shares during the period. Rice Hall James & Associates LLC raised its stake in shares of Franklin Covey by 0.8% during the 2nd quarter. Rice Hall James & Associates LLC now owns 335,711 shares of the business services provider’s stock worth $11,414,000 after buying an additional 2,691 shares during the period. Finally, FMR LLC raised its stake in shares of Franklin Covey by 32.1% during the 1st quarter. FMR LLC now owns 298,560 shares of the business services provider’s stock worth $7,554,000 after buying an additional 72,626 shares during the period. 45.57% of the stock is owned by institutional investors.

Franklin Covey Company Profile

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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