Analysts Anticipate Franklin Covey Co. (FC) Will Announce Quarterly Sales of $52.95 Million

Brokerages predict that Franklin Covey Co. (NYSE:FC) will announce $52.95 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Franklin Covey’s earnings, with the lowest sales estimate coming in at $52.50 million and the highest estimate coming in at $53.50 million. Franklin Covey posted sales of $50.46 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The firm is scheduled to announce its next earnings results on Wednesday, June 26th.

On average, analysts expect that Franklin Covey will report full-year sales of $227.14 million for the current fiscal year, with estimates ranging from $226.62 million to $227.70 million. For the next year, analysts anticipate that the firm will post sales of $245.54 million, with estimates ranging from $245.00 million to $246.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Franklin Covey.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Thursday, April 4th. The business services provider reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.02. The business had revenue of $50.36 million during the quarter, compared to analyst estimates of $48.72 million. Franklin Covey had a negative return on equity of 7.25% and a negative net margin of 2.56%.

Several equities research analysts have recently issued reports on the company. ValuEngine raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Monday. B. Riley set a $35.00 price objective on Franklin Covey and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Zacks Investment Research raised Franklin Covey from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Friday, February 22nd.

Shares of NYSE:FC traded down $0.68 during trading on Thursday, hitting $31.65. The company had a trading volume of 32,900 shares, compared to its average volume of 29,872. The firm has a market capitalization of $443.62 million, a price-to-earnings ratio of -60.87 and a beta of 0.81. Franklin Covey has a one year low of $20.52 and a one year high of $32.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.97.

In other news, Director Esther Kay Stepp sold 4,262 shares of the firm’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 completion of the sale, the director now directly owns 57,369 shares of the company’s stock, valued at approximately $1,801,960.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 33.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. raised its holdings in shares of Franklin Covey by 13.6% in the first quarter. Citigroup Inc. now owns 3,219 shares of the business services provider’s stock worth $81,000 after buying an additional 386 shares during the period. Northern Trust Corp increased its holdings in Franklin Covey by 0.4% during the 1st quarter. Northern Trust Corp now owns 135,522 shares of the business services provider’s stock worth $3,429,000 after purchasing an additional 599 shares during the period. JPMorgan Chase & Co. increased its holdings in Franklin Covey by 14.8% during the 1st quarter. JPMorgan Chase & Co. now owns 14,428 shares of the business services provider’s stock worth $365,000 after purchasing an additional 1,862 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Franklin Covey by 51,025.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,045 shares of the business services provider’s stock worth $52,000 after purchasing an additional 2,041 shares during the period. Finally, TRUE Private Wealth Advisors increased its holdings in Franklin Covey by 8.4% during the 1st quarter. TRUE Private Wealth Advisors now owns 43,103 shares of the business services provider’s stock worth $1,090,000 after purchasing an additional 3,334 shares during the period. Hedge funds and other institutional investors own 44.75% of the company’s stock.

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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