Franklin Covey (FC) Announces Earnings Results, Misses Expectations By $0.22 EPS
Franklin Covey (NYSE:FC) announced its earnings results on Friday. The business services provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22), Fidelity Earnings reports. The company had revenue of $64.82 million during the quarter, compared to analysts’ expectations of $66.65 million. Franklin Covey had a negative net margin of 2.81% and a negative return on equity of 8.84%.
FC stock opened at $23.46 on Friday. Franklin Covey has a one year low of $18.00 and a one year high of $31.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.09.
Several research firms have commented on FC. ValuEngine raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Investment Research downgraded shares of Franklin Covey from a “hold” rating to a “strong sell” rating in a research note on Friday. Finally, B. Riley set a $30.00 price target on shares of Franklin Covey and gave the stock a “buy” rating in a research note on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $33.00.
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Franklin Covey Company Profile
Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.
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