Franklin Covey Co. [NYSE:FC] will report earnings after markets close on Thursday, January 7th.
FC Earnings Forecast For The Current Quarter
Franklin Covey Co. [FC] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $48.03M and an earnings per share of -$0.14 for Nov 2020. Looking further ahead, the company is expected to report revenue of $50.33M at an EPS of -$0.11 for Feb 2021. The estimates represent 8.30% and 1393.33% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
FC Earnings Estimates For The Current Year
For the financial year, Franklin Covey Co. [NYSE:FC] is expected to bring in revenue of $215.25M. The returns are nearly $16.79 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.03, higher than that of FY20 by $0.63. Estimates put this year’s earnings growth at 105.00%, 1,400.00% for the next, and at an annual 15.00% over the next 5-year period. As for sales, forecasts are for an increase of 8.50% in the current fiscal year and a further 8.30% over the following year.
FC Price Performance
On Wall Street, Franklin Covey Co. [NYSE:FC] finished Tuesday’s session up 3.61% at $23.22. The stock went up to $23.69 at the same session while its lowest single day price was $22.53. In the last five days, it saw a rise of about 3.52%, Franklin Covey Co. shares gained by almost 4.27% since the beginning of the year. However, the share price has dropped to as low as -35.34% below its one year high. On 01/05/21, the company shares recorded $23.69, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $21.24. The company’s shares have declined by -30.37% in the past year. The 50-day SMA achieved is $21.74 while the 200-day SMA is $19.95. Volume gained to 43830.0 from 27700.0 in the previous session.
FC Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 22.60 level, and in case of violation of this particular level, it will cause more drop to 21.99 level. On the upper level, 24.31 is still the key resistance. The stock may increase to the subsequent resistance at 23.76. The Relative Strength Index (RSI) pinned on the 14-day chart is 57.20, implying a neutral technical stance while the MACD stands at -0.20, meaning price will decrease in the next trading period. Percent R indicator moved to 34.44%, implying low price movement. Stochastic %K at 38.75% suggest holding the stock.
Is Franklin Covey Co. [NYSE:FC] a Good Buy Right Now?
It should be noted that FC technical indicators for short, intermediate as well as long term progress have placed an overall average of 96% as Buy. The average signal changed from 80% Buy in the last week and compares with 40% Buy in the past month. Data from Franklin Covey Co.’s Trend Spotter indicated that the signals were Bullish. The stock current average is 47280.0 shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 57010.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 61782.0 shares.
What is the short interest in Franklin Covey Co.?
Short interest in the Franklin Covey Co. stock has plunged, decreasing by 7370.0 shares to total 0.3 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.29 million, data from Yahoo Finance shows. The increase of 2.44% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 2.47% of the overall float for the stock.
Franklin Covey Co.’s Biggest Shareholders: Who Owns Franklin Covey Co. [FC]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 920,835 shares or roughly 6.57% of the outstanding FC shares. This means their shares have increased by 14,313 from the 920,835 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Pembroke Management Ltd. updated stake is worth $14,790,665. Details in the latest 13F filings reveal that The Vanguard Group, Inc. acquired their 9.69% stake valued at $13,548,218 while Dimensional Fund Advisors LP cut theirs at $13,484,219. During the last quarter, The Vanguard Group, Inc. raised 54,467 of its shares in Franklin Covey Co. while Dimensional Fund Advisors LP sold -9,814 shares. The Punch & Associates Investment Man’s holdings currently number 470,708 shares at $10929839.76. According to the firm’s last 13F report, The Oregon Investment Council shares in the company at filing stood at 400,028 shares, roughly $8,788,615.
What are analyst thoughts on Franklin Covey Co.?
Looking forward to the Franklin Covey Co. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Franklin Covey Co. stock at $27.50 within the next 12 months, which represents almost 15.56 per cent growth from its previous closing price of $23.22. The highest analysts’ target for Franklin Covey Co. stock projections is $30.00 and the lowest one is $25.00. Still, 3 analysts sharing their consensus rating for FC stock in 2021 agree that it is an Overweight.