FY2016 EPS Estimates for Rosetta Stone Inc. Lifted by Lake Street Capital (RST)
Rosetta Stone Inc. (NYSE:RST) – Stock analysts at Lake Street Capital boosted their FY2016 EPS estimates for shares of Rosetta Stone in a note issued to investors on Tuesday. Lake Street Capital analyst M. Blazei now expects that the firm will earn ($1.57) per share for the year, up from their prior forecast of ($1.96). Lake Street Capital also issued estimates for Rosetta Stone’s Q4 2016 earnings at ($0.57) EPS.
Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Rosetta Stone from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Wednesday, September 28th. Barrington Research upgraded shares of Rosetta Stone from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 20th.
Shares of Rosetta Stone (NYSE:RST) opened at 8.35 on Friday. Rosetta Stone has a 12 month low of $6.17 and a 12 month high of $9.22. The stock has a 50 day moving average price of $7.66 and a 200 day moving average price of $7.93. The firm’s market cap is $184.23 million.
Rosetta Stone (NYSE:RST) last issued its earnings results on Monday, November 7th. The company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.56) by $0.31. The business earned $48.70 million during the quarter, compared to analysts’ expectations of $45.57 million. Rosetta Stone had a negative return on equity of 190.45% and a negative net margin of 16.65%. Rosetta Stone’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.34) earnings per share.
Several hedge funds have recently modified their holdings of RST. BlackRock Fund Advisors boosted its stake in shares of Rosetta Stone by 992.2% in the second quarter. BlackRock Fund Advisors now owns 502,494 shares of the company’s stock valued at $3,894,000 after buying an additional 456,487 shares during the last quarter. Emancipation Management LLC acquired a new stake in shares of Rosetta Stone during the second quarter valued at approximately $2,308,000. State Street Corp boosted its stake in shares of Rosetta Stone by 879.1% in the second quarter. State Street Corp now owns 203,406 shares of the company’s stock valued at $1,577,000 after buying an additional 182,631 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Rosetta Stone by 2,883.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 149,181 shares of the company’s stock valued at $1,156,000 after buying an additional 144,181 shares during the last quarter. Finally, Sterling Capital Management LLC acquired a new stake in shares of Rosetta Stone during the second quarter valued at approximately $718,000. Institutional investors own 72.18% of the company’s stock.
About Rosetta Stone
Rosetta Stone Inc (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners.
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