Franklin Covey (NYSE:FC) Stock Rating Reaffirmed by Barrington Research

Barrington Research reiterated their outperform rating on shares of Franklin Covey (NYSE:FC) in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a $45.00 price target 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.

A number of other equities research analysts also recently weighed in on FC. Northland Securities dropped their target price on Franklin Covey from $100.00 to $95.00 and set an outperform rating for the company in a report on Thursday, March 28th. StockNews.com cut shares of Franklin Covey from a strong-buy rating to a buy rating in a research note on Friday, June 21st.

Franklin Covey Stock Up 3.4 %

Shares of FC opened at $38.00 on Thursday. The firm has a market cap of $504.26 million, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. Franklin Covey has a 52 week low of $32.19 and a 52 week high of $48.76. The firm’s 50-day simple moving average is $37.22 and its 200 day simple moving average is $38.99.

Franklin Covey (NYSE:FC) last posted its earnings results on Wednesday, March 27th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $61.34 million for the quarter, compared to the consensus estimate of $62.03 million. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%. On average, analysts forecast that Franklin Covey will post 1.71 earnings per share for the current year.

Institutional Trading of Franklin Covey

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in Franklin Covey during the first quarter worth about $59,000. Mather Group LLC. acquired a new position in shares of Franklin Covey in the 1st quarter valued at approximately $73,000. SG Americas Securities LLC raised its position in shares of Franklin Covey by 46.3% in the 4th quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock valued at $155,000 after buying an additional 1,128 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Franklin Covey by 92.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock worth $220,000 after acquiring an additional 2,699 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Franklin Covey during the 1st quarter worth approximately $241,000. 69.88% of the stock is owned by institutional investors and hedge funds.

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.