Franklin Covey (NYSE:FC) Given Outperform Rating at Barrington Research

Barrington Research restated their outperform rating on shares of Franklin Covey (NYSE:FC) in a report released on Thursday morning, Benzinga reports. Barrington Research currently has a $45.00 target price on the business services provider’s stock. Barrington Research also issued estimates for Franklin Covey’s FY2024 earnings at $1.67 EPS and FY2025 earnings at $1.95 EPS.

Several other equities research analysts have also issued reports on FC. Northland Securities lowered their target price on shares of Franklin Covey from $100.00 to $95.00 and set an outperform rating on the stock in a research note on Thursday, March 28th. StockNews.com cut shares of Franklin Covey from a strong-buy rating to a buy rating in a research report on Friday, June 21st. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Franklin Covey presently has an average rating of Buy and a consensus price target of $63.33.

Franklin Covey Stock Up 5.1 %

FC stock opened at $36.72 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85. The firm’s fifty day simple moving average is $37.25 and its 200-day simple moving average is $39.01. Franklin Covey has a 12 month low of $32.19 and a 12 month high of $48.76. The company has a market capitalization of $487.13 million, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 1.01 and a beta of 1.24.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Wednesday, March 27th. The business services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Franklin Covey had a return on equity of 23.23% and a net margin of 6.13%. The company had revenue of $61.34 million during the quarter, compared to analysts’ expectations of $62.03 million. As a group, equities research analysts forecast that Franklin Covey will post 1.71 earnings per share for the current year.

Institutional Trading of Franklin Covey

Several institutional investors have recently made changes to their positions in FC. Hancock Whitney Corp raised its position in Franklin Covey by 6.2% in the first quarter. Hancock Whitney Corp now owns 6,670 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 390 shares during the period. Bares Capital Management Inc. lifted its holdings in shares of Franklin Covey by 0.8% in the 1st quarter. Bares Capital Management Inc. now owns 461,661 shares of the business services provider’s stock worth $18,125,000 after acquiring an additional 3,570 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in Franklin Covey by 4.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 140,838 shares of the business services provider’s stock valued at $5,529,000 after purchasing an additional 6,207 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Franklin Covey by 15.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,865 shares of the business services provider’s stock valued at $702,000 after buying an additional 2,360 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Franklin Covey by 92.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock valued at $220,000 after buying an additional 2,699 shares during the period. Hedge funds and other institutional investors own 69.88% of the company’s stock.

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.