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.

Several hedge funds have recently bought and sold shares of the business. FMR LLC purchased a new position in shares of Franklin Covey during the third quarter worth approximately $5,343,000. BlackRock Inc. raised its stake in shares of Franklin Covey by 1.1% during the third quarter. BlackRock Inc. now owns 819,056 shares of the business services provider’s stock worth $19,369,000 after acquiring an additional 9,273 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Franklin Covey by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 29,495 shares of the business services provider’s stock worth $698,000 after acquiring an additional 2,678 shares in the last quarter. Strs Ohio raised its stake in shares of Franklin Covey by 11.2% during the third quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock worth $678,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of Franklin Covey during the second quarter worth approximately $373,000. 46.49% of the stock is currently owned by hedge funds and other institutional investors.

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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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Earnings History for Franklin Covey (NYSE:FC)

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