FY2024 Earnings Forecast for Franklin Covey Co. Issued By Roth Capital (NYSE:FC)

Franklin Covey Co. (NYSE:FC) – Stock analysts at Roth Capital dropped their FY2024 earnings per share estimates for shares of Franklin Covey in a research note issued on Thursday, June 27th. Roth Capital analyst J. Martin now forecasts that the business services provider will earn $1.55 per share for the year, down from their previous estimate of $1.62. The consensus estimate for Franklin Covey’s current full-year earnings is $1.66 per share. Roth Capital also issued estimates for Franklin Covey’s Q4 2024 earnings at $0.70 EPS.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Wednesday, June 26th. The business services provider reported $0.43 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $72.12 million. During the same period in the prior year, the business posted $0.32 EPS.

A number of other brokerages have also weighed in on FC. Roth Mkm restated a “buy” rating and set a $50.00 price objective on shares of Franklin Covey in a research report on Thursday, June 27th. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a report on Thursday, June 27th. Northland Securities lowered their price target on shares of Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. Finally, StockNews.com raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Saturday.

Franklin Covey Trading Down 3.2 %

Shares of FC stock opened at $36.77 on Monday. The firm has a market capitalization of $487.94 million, a PE ratio of 27.44, a PEG ratio of 1.14 and a beta of 1.24. The stock has a fifty day simple moving average of $37.16 and a two-hundred day simple moving average of $38.96. 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.

Hedge Funds Weigh In On Franklin Covey

Institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC grew its holdings in Franklin Covey by 120.4% in the third quarter. Hsbc Holdings PLC now owns 14,224 shares of the business services provider’s stock worth $609,000 after purchasing an additional 7,770 shares during the last quarter. Trexquant Investment LP grew its holdings in Franklin Covey by 81.1% in the third quarter. Trexquant Investment LP now owns 18,964 shares of the business services provider’s stock worth $814,000 after purchasing an additional 8,490 shares during the last quarter. Quadrature Capital Ltd grew its holdings in Franklin Covey by 54.7% in the third quarter. Quadrature Capital Ltd now owns 9,021 shares of the business services provider’s stock worth $387,000 after purchasing an additional 3,189 shares during the last quarter. Worth Venture Partners LLC grew its holdings in Franklin Covey by 8.7% in the third quarter. Worth Venture Partners LLC now owns 48,178 shares of the business services provider’s stock worth $2,068,000 after purchasing an additional 3,855 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Franklin Covey by 46.3% in the fourth quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock worth $155,000 after purchasing an additional 1,128 shares during the last quarter. 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.