Wall Street brokerages expect Franklin Covey Co. (NYSE:FC) to post sales of $46.50 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Franklin Covey’s earnings. The lowest sales estimate is $46.00 million and the highest is $47.17 million. Franklin Covey posted sales of $42.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.2%. The firm is expected to announce its next quarterly earnings results on Thursday, March 29th.
On average, analysts expect that Franklin Covey will report full-year sales of $46.50 million for the current year, with estimates ranging from $211.93 million to $212.50 million. For the next fiscal year, analysts forecast that the firm will report sales of $232.44 million per share, with estimates ranging from $228.10 million to $240.64 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Franklin Covey.
Franklin Covey (NYSE:FC) last issued its earnings results on Thursday, January 4th. The business services provider reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.16. Franklin Covey had a negative return on equity of 3.79% and a negative net margin of 2.90%. The firm had revenue of $47.90 million for the quarter, compared to analysts’ expectations of $43.47 million. During the same quarter last year, the firm earned ($0.29) earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year.
Shares of Franklin Covey (NYSE:FC) traded down $0.05 during trading on Tuesday, reaching $25.95. The company had a trading volume of 48,253 shares, compared to its average volume of 80,709. Franklin Covey has a 52-week low of $15.20 and a 52-week high of $31.20. The firm has a market capitalization of $359.62, a PE ratio of -63.29 and a beta of 1.13. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.50.
Several institutional investors and hedge funds have recently modified their holdings of FC. Pembroke Management LTD lifted its stake in shares of Franklin Covey by 6.2% during the third quarter. Pembroke Management LTD now owns 963,872 shares of the business services provider’s stock worth $19,567,000 after purchasing an additional 56,500 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Franklin Covey during the fourth quarter worth about $528,000. State Street Corp lifted its stake in shares of Franklin Covey by 13.6% during the second quarter. State Street Corp now owns 201,339 shares of the business services provider’s stock worth $3,884,000 after purchasing an additional 24,088 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Franklin Covey during the fourth quarter worth about $231,000. Finally, Jefferies Group LLC acquired a new position in shares of Franklin Covey during the fourth quarter worth about $212,000. Institutional investors own 49.02% of the company’s stock.
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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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