Franklin Covey Gets Price Targets Cuts By Analysts After Downbeat Q2 Results, Shares Plunge

Franklin Covey Co. FC reported weaker-than-expected results for its second quarter on Wednesday.

Franklin Covey posted quarterly earnings of $0.12 per share, missing analysts’ estimates of $0.13 per share. The company’s quarterly sales came in at $61.76 million versus expectations of $62.40 million.

Franklin Covey shares dropped 17.8% to trade at $36.33 on Thursday.

These analysts made changes to their price targets on Franklin Covey following the release of results.

• Roth MKM cut the price target on Franklin Covey from $71 to $65. Roth MKM analyst Jeff Martin maintained a Buy rating.
• Northland Capital Markets slashed the price target on Franklin Covey from $100 to $96. Northland Capital Markets analyst Nehal Chokshi maintained an Outperform rating.
• Barrington Research analyst Alexander Paris, meanwhile, reiterated Franklin Covey with an Outperform and maintained a $55 price target.

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