Q2 2023 EPS Estimates for Franklin Covey Co. Decreased by Barrington Research (NYSE:FC)

Franklin Covey Co. (NYSE:FC – Get Rating) – Analysts at Barrington Research cut their Q2 2023 earnings estimates for Franklin Covey in a research report issued on Friday, January 6th. Barrington Research analyst A. Paris now expects that the business services provider will post earnings per share of $0.15 for the quarter, down from their prior forecast of $0.16. The consensus estimate for Franklin Covey’s current full-year earnings is $1.31 per share. Barrington Research also issued estimates for Franklin Covey’s Q3 2023 earnings at $0.34 EPS and Q4 2023 earnings at $0.45 EPS.

FC has been the topic of a number of other research reports. StockNews.com started coverage on shares of Franklin Covey in a research report on Wednesday, October 12th. They set a “strong-buy” rating on the stock. Northland Securities assumed coverage on shares of Franklin Covey in a research note on Thursday, November 17th. They issued an “outperform” rating on the stock.

Franklin Covey Trading Down 4.5 %

Shares of FC stock opened at $44.03 on Monday. Franklin Covey has a 1 year low of $34.00 and a 1 year high of $54.70. The firm’s fifty day simple moving average is $48.83 and its 200 day simple moving average is $48.67. The firm has a market capitalization of $611.88 million, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.39. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18.

Franklin Covey (NYSE:FC – Get Rating) last announced its earnings results on Wednesday, November 2nd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Franklin Covey had a net margin of 7.12% and a return on equity of 19.42%. The business had revenue of $78.81 million for the quarter, compared to analyst estimates of $73.85 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FC. TownSquare Capital LLC acquired a new position in Franklin Covey during the 2nd quarter worth about $10,826,000. Alta Fox Capital Management LLC acquired a new position in Franklin Covey during the 2nd quarter worth about $8,107,000. Bares Capital Management Inc. bought a new stake in Franklin Covey during the 2nd quarter worth about $6,927,000. Kent Lake Capital LLC raised its holdings in Franklin Covey by 123.0% during the 3rd quarter. Kent Lake Capital LLC now owns 141,683 shares of the business services provider’s stock worth $6,431,000 after purchasing an additional 78,151 shares during the last quarter. Finally, Blue Grotto Capital LLC raised its holdings in Franklin Covey by 52.2% during the 1st quarter. Blue Grotto Capital LLC now owns 200,202 shares of the business services provider’s stock worth $9,053,000 after purchasing an additional 68,685 shares during the last quarter. Institutional investors and hedge funds own 68.12% of the company’s stock.

Franklin Covey Company Profile

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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 three segments: Direct Offices, International Licensees, and Education Practice.