Franklin Covey Company (FC) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of Franklin Covey Company (NYSE:FC) from a hold rating to a sell rating in a report released on Monday.

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. “

FC has been the subject of several other research reports. BidaskClub cut Franklin Covey from a sell rating to a strong sell rating in a research report on Friday, July 28th. B. Riley reiterated a buy rating and issued a $22.00 price objective on shares of Franklin Covey in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $22.00.

Franklin Covey (FC) traded down $1.05 during trading hours on Monday, reaching $19.70. The company’s stock had a trading volume of 60,300 shares, compared to its average volume of 47,190. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 1.13. Franklin Covey has a 1 year low of $15.20 and a 1 year high of $22.45.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.06). The business had revenue of $59.50 million during the quarter, compared to analysts’ expectations of $64.60 million. Franklin Covey had a negative return on equity of 5.47% and a negative net margin of 3.87%. The company’s revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. sell-side analysts anticipate that Franklin Covey will post 0.22 EPS for the current year.

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In other Franklin Covey news, Director Joel Clinton Peterson sold 1,793 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $19.13, for a total value of $34,300.09. Following the sale, the director now owns 223,487 shares of the company’s stock, valued at $4,275,306.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 5,377 shares of company stock worth $104,045 in the last three months. 33.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of FC. Vanguard Group Inc. boosted its stake in shares of Franklin Covey by 4.3% during the first quarter. Vanguard Group Inc. now owns 488,489 shares of the business services provider’s stock valued at $9,867,000 after acquiring an additional 20,353 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Franklin Covey by 24.5% during the first quarter. Wells Fargo & Company MN now owns 8,617 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 1,693 shares during the last quarter. American International Group Inc. boosted its stake in shares of Franklin Covey by 7.3% during the first quarter. American International Group Inc. now owns 6,300 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 427 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Franklin Covey by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 78,590 shares of the business services provider’s stock valued at $1,587,000 after acquiring an additional 2,646 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Franklin Covey by 3.8% during 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 acquiring an additional 3,077 shares during the last quarter. 52.06% of the stock is currently owned by institutional investors.

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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