In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Franklin Covey Company (NYSE: FC), with a price target of $35. The company’s shares opened today at $22.63.
Paris noted:
“We expect to see a significant increase in reported revenue, adjusted EBITDA and profit in FY/18 and FY/19, as the large amounts of high‐profit margin deferred revenue, become recognized as revenue and income throughout Q4/18 and FY/19.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 9.2% and a 50.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Grand Canyon Education.
Currently, the analyst consensus on Franklin Covey Company is a Moderate Buy with an average price target of $32.50.
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Based on Franklin Covey Company’s latest earnings release for the quarter ending May 31, the company reported a quarterly GAAP net loss of $2.53 million. In comparison, last year the company had a net profit of $4.66 million.
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Franklin Covey Co. engages in the provision of training and consulting solutions to various government entities and educational institutions. It operates through the following segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.
