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Fly News Breaks for January 8, 2016
FC
Jan 8, 2016 | 09:28 EDT
Roth Capital says that Franklin Covey's business pipeline is strengthening, while its currency headwind is subsiding. The firm expects the company's EBITDA to grow significantly in Q2 and Q3, and it reiterates a $20 price target and Buy rating on the shares.
News For FC From the Last 2 Days
FC
Mar 28, 2024 | 10:03 EDT
Barrington lowered the firm's price target on Franklin Covey to $45 from $55 and keeps an Outperform rating on the shares following quarterly results. While revenue was roughly in line and adjusted EBITDA was above the high end of guidance, full-year revenue guidance was reduced and adjusted EBITDA is now expected at the low end of the previous guidance range, the firm notes. Barrington acknowledges that the stock will likely underperform, but says it would be a buyer into weakness for long-term capital appreciation.
FC
Mar 28, 2024 | 09:47 EDT
Franklin Covey is down -10.8%, or -$4.14 to $34.16.
FC
Mar 28, 2024 | 08:39 EDT
Northland lowered the firm's price target on Franklin Covey to $95 from $100 and keeps an Outperform rating on the shares. While Subscription revenue was "resilient as expected," a slower rebound in attach of services impacted EBITDA guidance. However, the hit was "only 1%" due to efficiency initiatives and the pipeline and efficiency initiatives point to accelerating growth, the analyst tells investors in a post-earnings note.
FC
Mar 27, 2024 | 17:19 EDT
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FC
Mar 27, 2024 | 16:10 EDT
Based on the strength of the Company's business model that features high recurring revenue, high gross margins, and low capital intensity, combined with the continued strength and strategic durability of the All Access Pass and Leader in Me membership subscriptions, the Company looks forward to a strong second half of fiscal 2024. Despite the challenges from the first half of fiscal 2024, the Company expects that its Adjusted EBITDA for fiscal 2024 will be at the lower end of its previously announced guidance range of $54.5 million to $58.0 million in constant currency, which represents 13% growth over the $48.1 million of Adjusted EBITDA achieved in fiscal 2023. The Company expects to achieve this growth despite an uncertain economic environment and while continuing to make additional growth investments. The Company is also confident in the strength of its subscription offerings, which have driven Franklin Covey's growth across recent years, and which are expected to deliver in fiscal 2024 the highest levels of revenue, Adjusted EBITDA, and Free Cash Flow since the sale of the Company's consumer products division.