StockNews.com came out with a research report on Franklin Covey on Thursday, including company coverage (NYSE: FC).
The business services provider’s stock was given a recommendation from the company of “strong buy,” which means to purchase the stock immediately.
You can locate Franklin Covey’s most recent quarterly earnings report on the New York Stock Exchange (NYSE) under the symbol FC.
This report was published on January 5th and can be found there.
The company that provides business services reported profits for the quarter of $0.32 per share, which is $0.04 higher than the consensus projection of $0.28 per share.
The company’s revenue for the quarter was reported at $1.28 million.
The actual revenue for the quarter was $69.37 million, which was significantly higher than the prediction of $68.33 million in revenue for the period.
The figures for Franklin Covey showed a return on equity of 18.93 percent and a net margin of 7.12 percent.
According to predictions made by specialists in the relevant industry, Franklin Covey is expected to generate earnings of $1.27 per share during the current fiscal year.
When trading started on Thursday, the price of a share of NYSE: FC stock was $45.16. Given the company’s current market value, which is $627.95 million; its P/E ratio, which is 33.45; its PEG ratio, which is 1.31; and its beta value, which is 1.25, the company has adequate financial resources.
There is 0.15 times as much debt as equity, significantly lower than the current ratio of 1.07 and the quick ratio of 1.04.
There is a ratio of 1.07 between current assets and the value of current liabilities.
The company currently has a simple moving average of $46.64 over the past 50 days, and the company’s simple moving average over the past 200 days is $47.73.
The price of Franklin Covey has ranged from $34.00 to $54.70 over the past year, with $34.00 being the lowest price during that time and $54.70 being the highest.
On November 17th, a Thursday, Northland Securities started providing coverage of Franklin Covey shares in the form of a research report.
This coverage has been ongoing since then.
They gave the company an “outperform” rating, which is encouraging for its future.
During the most recent period, several notable investors adjusted their investments in FC.
During the second quarter, Alta Fox Capital Management LLC made a brand-new investment in Franklin Covey for $8,107,00 During the second quarter, Alta Fox Capital Management LLC made a brand-new investment in Franklin Covey for $8,107,00.
This investment was given to Franklin Covey as a gift.
Bares Capital Management INC increased its total Franklin Covey shares to 68,927,000 by purchasing an additional 6,927,000 shares during the second quarter.
The amount of Franklin Covey stock that Kent Lake Capital LLC could call it’s own increased by 123.0% during the third quarter. Kent Lake Capital LLC now owns 141,683 shares of the business services provider’s stock, currently valued at $6,431,000, after purchasing an additional 78,151 shares during the period in question.
Blue Grotto Capital LLC increased the amount of Franklin Covey stock held by 52.2% over the first three months of 2018.
Blue Grotto Capital LLC now has 200,202 shares of the business services provider’s stock, valued at $9,053,000, after purchasing an additional 68,685 shares during the period in question.
These shares were purchased during the period in question.
Last but not least, during the third quarter, Renaissance Technologies LLC increased the amount of Franklin Covey stock owned by 40.9%.
This certainly should not be considered the least important development.
After making an additional purchase of 65,900 shares during the most recent session, Renaissance Technologies LLC now possesses 226,903 shares of the business services provider’s stock, currently valued at $10,299,000.
This brings the total number of shares owned by the company to 226,903 and the total value of the holdings to $10,299,000.
Institutional investors are the ones who own the company’s stock, and they account for 68.12% of the company’s total equity.
The Franklin Covey Company is dedicated to assisting organizations worldwide in attaining their full potential.
This particular company provides a variety of business divisions, some of which include direct offices, international licensees, education practice, and corporate others.
The Direct Offices sector encompasses all sales representatives working in North American countries like the United States and Canada.
The section on international licensees primarily emphasizes the royalty money generated by licensees in other countries.
This is because the majority of international licensees are located in other countries.