Equities Analysts Set Expectations for Franklin Covey Co.’s FY2024 Earnings (NYSE:FC)

Franklin Covey Co. (NYSE:FC) – Investment analysts at Barrington Research dropped their FY2024 earnings per share (EPS) estimates for Franklin Covey in a research report issued to clients and investors on Thursday, June 27th. Barrington Research analyst A. Paris now anticipates that the business services provider will post earnings per share of $1.67 for the year, down from their prior estimate of $1.68. Barrington Research has a “Outperform” rating and a $45.00 price target on the stock. The consensus estimate for Franklin Covey’s current full-year earnings is $1.71 per share. Barrington Research also issued estimates for Franklin Covey’s FY2025 earnings at $1.95 EPS.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, March 27th. The business services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $61.34 million for the quarter, compared to analysts’ expectations of $62.03 million. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%.

A number of other research analysts have also recently commented on FC. Roth Mkm restated a “buy” rating and set a $50.00 price objective on shares of Franklin Covey in a research note on Thursday. StockNews.com cut Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 21st. Finally, Northland Securities reduced their price objective on Franklin Covey from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Franklin Covey has an average rating of “Buy” and a consensus target price of $63.33.

Franklin Covey Trading Up 5.1 %

Shares of FC opened at $36.72 on Friday. The stock’s 50-day moving average is $37.25 and its two-hundred day moving average is $39.01. The stock has a market cap of $487.27 million, a PE ratio of 27.40, a P/E/G ratio of 1.02 and a beta of 1.24. Franklin Covey has a 12 month low of $32.19 and a 12 month high of $48.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85.

Institutional Trading of Franklin Covey

Hedge funds and other institutional investors have recently modified their holdings of the business. Partners Capital Investment Group LLP purchased a new stake in shares of Franklin Covey during the fourth quarter worth about $404,000. Hsbc Holdings PLC increased its position in shares of Franklin Covey by 120.4% during the third quarter. Hsbc Holdings PLC now owns 14,224 shares of the business services provider’s stock worth $609,000 after acquiring an additional 7,770 shares during the last quarter. Worth Venture Partners LLC increased its position in shares of Franklin Covey by 8.7% during the third quarter. Worth Venture Partners LLC now owns 48,178 shares of the business services provider’s stock worth $2,068,000 after acquiring an additional 3,855 shares during the last quarter. Legato Capital Management LLC increased its holdings in Franklin Covey by 8.8% in the fourth quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock valued at $263,000 after buying an additional 489 shares during the last quarter. Finally, Quadrature Capital Ltd increased its holdings in Franklin Covey by 54.7% in the third quarter. Quadrature Capital Ltd now owns 9,021 shares of the business services provider’s stock valued at $387,000 after buying an additional 3,189 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.