Franklin Covey Co. (FC) Expected to Earn FY2017 Earnings of ($0.15) Per Share

Franklin Covey Co. (NYSE:FC) – Stock analysts at Roth Capital lowered their FY2017 earnings per share estimates for Franklin Covey in a research note issued to investors on Sunday, according to Zacks Investment Research. Roth Capital analyst J. Martin now forecasts that the business services provider will post earnings of ($0.15) per share for the year, down from their previous forecast of ($0.12).

A number of other equities analysts have also issued reports on FC. B. Riley reiterated a “buy” rating and set a $24.00 target price on shares of Franklin Covey in a research report on Sunday, April 2nd. TheStreet lowered shares of Franklin Covey from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Sanford C. Bernstein reissued a “market perform” rating on shares of Franklin Covey in a research report on Thursday, December 29th. Barrington Research downgraded shares of Franklin Covey from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 28th. Finally, Zacks Investment Research raised shares of Franklin Covey from a “strong sell” rating to a “hold” rating in a research report on Monday, March 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.00.

Earnings History and Estimates for Franklin Covey (NYSE:FC)

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Shares of Franklin Covey (NYSE:FC) traded up 2.38% during trading on Wednesday, reaching $21.55. 50,028 shares of the company’s stock were exchanged. Franklin Covey has a 52-week low of $13.45 and a 52-week high of $22.45. The company’s market capitalization is $297.89 million. The company has a 50 day moving average price of $18.30 and a 200-day moving average price of $18.79.

Franklin Covey (NYSE:FC) last issued its earnings results on Thursday, March 30th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.02. Franklin Covey had a return on equity of 2.46% and a net margin of 1.17%. The business earned $42.20 million during the quarter, compared to the consensus estimate of $41.72 million. During the same period in the prior year, the business earned ($0.03) EPS. The business’s revenue was down 6.8% on a year-over-year basis.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in Franklin Covey by 228.6% in the third quarter. JPMorgan Chase & Co. now owns 155,850 shares of the business services provider’s stock worth $2,775,000 after buying an additional 108,425 shares during the period. Two Sigma Investments LP increased its position in Franklin Covey by 8.3% in the fourth quarter. Two Sigma Investments LP now owns 43,879 shares of the business services provider’s stock worth $884,000 after buying an additional 3,354 shares during the period. O Shaughnessy Asset Management LLC increased its position in Franklin Covey by 166.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,868 shares of the business services provider’s stock worth $138,000 after buying an additional 4,292 shares during the period. Rice Hall James & Associates LLC increased its position in Franklin Covey by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 165,328 shares of the business services provider’s stock worth $2,944,000 after buying an additional 16,317 shares during the period. Finally, Oxford Asset Management increased its position in Franklin Covey by 14.3% in the fourth quarter. Oxford Asset Management now owns 45,485 shares of the business services provider’s stock worth $917,000 after buying an additional 5,696 shares during the period. 57.17% of the stock is owned by institutional investors and hedge funds.

In related news, Director Joel Clinton Peterson sold 1,792 shares of the firm’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $17.63, for a total value of $31,592.96. Following the completion of the transaction, the director now owns 243,203 shares of the company’s stock, valued at $4,287,668.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold 8,065 shares of company stock valued at $153,807 in the last three months. 33.50% of the stock is owned by insiders.

About Franklin Covey

Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.

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