Franklin Covey (NYSE:FC) Rating Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Franklin Covey (NYSE:FC) from a hold rating to a strong sell rating in a report released on Friday, Zacks.com reports.

According to Zacks, “Franklin Covey Co. is an international learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs, educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective. “

Other equities research analysts have also issued research reports about the company. Barrington Research reiterated a buy rating and issued a $45.00 price target on shares of Franklin Covey in a research note on Tuesday, January 7th. William Blair reiterated a market perform rating on shares of Franklin Covey in a research note on Tuesday, October 15th. TheStreet lowered Franklin Covey from a b- rating to a c rating in a research note on Tuesday, December 24th. ValuEngine lowered Franklin Covey from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Finally, B. Riley reiterated a buy rating on shares of Franklin Covey in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Franklin Covey presently has a consensus rating of Hold and an average price target of $42.38.

NYSE:FC opened at $32.38 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.19. The firm has a market capitalization of $443.81 million, a price-to-earnings ratio of -462.57, a price-to-earnings-growth ratio of 5.20 and a beta of 0.81. Franklin Covey has a one year low of $23.10 and a one year high of $41.85. The business has a fifty day moving average price of $34.81 and a 200-day moving average price of $35.87.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Thursday, January 9th. The business services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $58.61 million during the quarter, compared to analysts’ expectations of $57.42 million. Franklin Covey had a negative return on equity of 0.27% and a negative net margin of 0.09%. On average, equities research analysts expect that Franklin Covey will post 0.38 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in Franklin Covey by 3.3% in the 2nd quarter. BlackRock Inc. now owns 829,686 shares of the business services provider’s stock worth $28,209,000 after buying an additional 26,863 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Franklin Covey by 1.3% during the second quarter. Vanguard Group Inc. now owns 543,358 shares of the business services provider’s stock valued at $18,475,000 after purchasing an additional 7,195 shares in the last quarter. Rice Hall James & Associates LLC grew its position in shares of Franklin Covey by 5.8% during the third quarter. Rice Hall James & Associates LLC now owns 355,055 shares of the business services provider’s stock valued at $12,427,000 after purchasing an additional 19,344 shares in the last quarter. FMR LLC grew its position in shares of Franklin Covey by 32.1% during the first quarter. FMR LLC now owns 298,560 shares of the business services provider’s stock valued at $7,554,000 after purchasing an additional 72,626 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Franklin Covey by 1.6% during the second quarter. Northern Trust Corp now owns 137,704 shares of the business services provider’s stock valued at $4,682,000 after purchasing an additional 2,182 shares in the last quarter. Institutional investors and hedge funds own 47.86% of the company’s stock.

About Franklin Covey

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 for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

Featured Story: What is the outlook for the FAANG stocks?

Get a free copy of the Zacks research report on Franklin Covey (FC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Franklin Covey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Covey and related companies with MarketBeat.com's FREE daily email newsletter.