Barrington Research Analysts Reduce Earnings Estimates for Franklin Covey Co. (NYSE:FC)

Franklin Covey Co. (NYSE:FC) – Barrington Research cut their Q4 2024 earnings per share (EPS) estimates for Franklin Covey in a research note issued to investors on Thursday, June 27th. Barrington Research analyst A. Paris now forecasts that the business services provider will post earnings of $0.82 per share for the quarter, down from their previous estimate of $0.91. Barrington Research has a “Outperform” rating and a $45.00 price objective on the stock. The consensus estimate for Franklin Covey’s current full-year earnings is $1.66 per share.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%. The firm had revenue of $73.37 million for the quarter, compared to analyst estimates of $72.12 million. During the same period in the previous year, the firm earned $0.32 earnings per share.

FC has been the topic of a number of other reports. Roth Mkm reaffirmed a “buy” rating and set a $50.00 target price on shares of Franklin Covey in a research report on Thursday, June 27th. StockNews.com raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Northland Securities lowered their price target on Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th.

Franklin Covey Price Performance

Shares of FC opened at $36.77 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. Franklin Covey has a 52-week low of $32.19 and a 52-week high of $48.76. The business’s 50 day moving average price is $37.16 and its two-hundred day moving average price is $38.96. The firm has a market cap of $487.94 million, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.14 and a beta of 1.24.

Institutional Investors Weigh In On Franklin Covey

A number of institutional investors and hedge funds have recently bought and sold shares of FC. Allspring Global Investments Holdings LLC bought a new position in Franklin Covey in the 1st quarter valued at $59,000. Mather Group LLC. bought a new position in Franklin Covey in the 1st quarter valued at $73,000. SG Americas Securities LLC grew its stake in Franklin Covey by 46.3% in the 4th quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 1,128 shares during the period. Lazard Asset Management LLC grew its stake in Franklin Covey by 92.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 2,699 shares during the period. Finally, Legato Capital Management LLC grew its stake in Franklin Covey by 8.8% in the 4th quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 489 shares during the period. 69.88% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.