Franklin Covey Company (NYSE:FC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday, July 3rd.
According to Zacks, “Franklin Covey Co. is an international learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs, educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective. “
Other equities research analysts have also recently issued reports about the stock. B. Riley reiterated a “buy” rating and issued a $24.00 price objective on shares of Franklin Covey in a report on Sunday, April 2nd. ValuEngine upgraded shares of Franklin Covey from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $22.00.
Shares of Franklin Covey (NYSE FC) traded up 1.67% during mid-day trading on Monday, hitting $18.25. The company had a trading volume of 66,866 shares. Franklin Covey has a 12 month low of $15.20 and a 12 month high of $22.45. The firm has a 50-day moving average price of $19.43 and a 200 day moving average price of $19.08. The firm’s market capitalization is $252.93 million.
Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Friday, June 30th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.13. The business had revenue of $43.80 million during the quarter, compared to the consensus estimate of $44.25 million. Franklin Covey had a negative return on equity of 2.02% and a negative net margin of 2.15%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) earnings per share. On average, equities research analysts forecast that Franklin Covey will post ($0.46) earnings per share for the current fiscal year.
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In other Franklin Covey news, Director Joel Clinton Peterson sold 1,792 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $20.08, for a total transaction of $35,983.36. Following the completion of the sale, the director now directly owns 232,449 shares in the company, valued at $4,667,575.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 6,273 shares of company stock valued at $127,172 over the last 90 days. Corporate insiders own 33.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Lapides Asset Management LLC boosted its stake in Franklin Covey by 12.1% in the first quarter. Lapides Asset Management LLC now owns 36,000 shares of the business services provider’s stock worth $727,000 after buying an additional 3,900 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Franklin Covey by 6.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 47,866 shares of the business services provider’s stock valued at $967,000 after buying an additional 3,078 shares during the last quarter. Geode Capital Management LLC boosted its stake in Franklin Covey by 3.8% in the first quarter. Geode Capital Management LLC now owns 83,646 shares of the business services provider’s stock valued at $1,689,000 after buying an additional 3,077 shares during the last quarter. Vanguard Group Inc. boosted its stake in Franklin Covey by 4.3% in the first quarter. Vanguard Group Inc. now owns 488,489 shares of the business services provider’s stock valued at $9,867,000 after buying an additional 20,353 shares during the last quarter. Finally, Woodmont Investment Counsel LLC bought a new stake in Franklin Covey during the first quarter valued at $141,000. Institutional investors own 53.70% of the company’s stock.
Franklin Covey Company Profile
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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