Franklin Covey (NYSE:FC) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Franklin Covey's stock crossed above its 200-day moving average of $17.28, trading as high as $23.17 and last at $21.86 on a volume of 55,955 shares.
• Analyst sentiment is mixed: Barrington Research reiterated an "outperform" with a $25 target while Weiss Ratings kept a "sell," leaving a consensus rating of "Hold" with an average price target of $26.00.
• In the latest quarter the company reported EPS of ($0.03) vs. a $0.03 estimate and revenue of $59.65 million (above the $58.71M estimate); Franklin Covey has a market cap of about $246 million, a negative net margin, but a positive return on equity.

Franklin Covey Company (NYSE:FC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.28 and traded as high as $23.17. Franklin Covey shares last traded at $21.86, with a volume of 55,955 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FC shares. Barrington Research reissued an "outperform" rating and issued a $25.00 price objective on shares of Franklin Covey in a research note on Thursday, April 2nd. Weiss Ratings restated a "sell (d)" rating on shares of Franklin Covey in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $26.00.

Franklin Covey Trading Down 4.4%

The company has a 50 day simple moving average of $16.73 and a two-hundred day simple moving average of $17.28. The firm has a market capitalization of $246.36 million, a P/E ratio of -104.10, a P/E/G ratio of 1.44 and a beta of 0.58.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.06). The company had revenue of $59.65 million for the quarter, compared to the consensus estimate of $58.71 million. Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 12.79%. On average, sell-side analysts expect that Franklin Covey Company will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

Several large investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC bought a new position in shares of Franklin Covey during the 3rd quarter valued at approximately $792,000. Wells Fargo & Company MN grew its holdings in shares of Franklin Covey by 71.8% in the fourth quarter. Wells Fargo & Company MN now owns 11,831 shares of the business services provider's stock valued at $199,000 after purchasing an additional 4,945 shares in the last quarter. Aquatic Capital Management LLC increased its position in Franklin Covey by 37.7% in the third quarter. Aquatic Capital Management LLC now owns 6,766 shares of the business services provider's stock worth $131,000 after purchasing an additional 1,851 shares during the last quarter. Quarry LP bought a new stake in Franklin Covey in the third quarter worth $74,000. Finally, Amundi purchased a new stake in Franklin Covey during the first quarter valued at $58,000. 69.88% of the stock is owned by institutional investors.

About Franklin Covey

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.

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