Franklin Covey (NYSE:FC) Receives Outperform Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Franklin Covey (NYSE:FC) in a research note published on Wednesday morning,Benzinga reports. They currently have a $25.00 target price on the business services provider’s stock.

Franklin Covey Trading Up 6.0%

Franklin Covey stock opened at $15.09 on Wednesday. Franklin Covey has a 12-month low of $11.16 and a 12-month high of $29.31. The firm has a market capitalization of $174.23 million, a price-to-earnings ratio of -125.70, a P/E/G ratio of 0.86 and a beta of 0.74. The firm has a 50 day moving average of $16.35 and a 200 day moving average of $17.02.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, January 7th. The business services provider reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.30). The firm had revenue of $64.05 million for the quarter, compared to analysts’ expectations of $64.77 million. Franklin Covey had a negative net margin of 0.54% and a positive return on equity of 9.98%. During the same period in the prior year, the firm earned $0.20 EPS. On average, analysts predict that Franklin Covey will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Franklin Covey

Institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. raised its holdings in Franklin Covey by 70.4% during the third quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock valued at $20,433,000 after acquiring an additional 434,965 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in shares of Franklin Covey by 0.3% in the third quarter. Punch & Associates Investment Management Inc. now owns 591,318 shares of the business services provider’s stock worth $11,477,000 after acquiring an additional 1,811 shares during the period. Federated Hermes Inc. grew its position in shares of Franklin Covey by 83.9% during the fourth quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock worth $6,316,000 after purchasing an additional 171,744 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Franklin Covey by 0.7% during the second quarter. Geode Capital Management LLC now owns 314,626 shares of the business services provider’s stock worth $7,181,000 after purchasing an additional 2,118 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Franklin Covey by 886.1% during the 3rd quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock valued at $5,039,000 after purchasing an additional 233,291 shares during the period. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Franklin Covey Company Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.