Instructure, Inc. (INST) Expected to Post Earnings of -$0.50 Per Share
Analysts expect Instructure, Inc. (NYSE:INST) to post earnings of ($0.50) per share for the current quarter, Zacks reports. Four analysts have issued estimates for Instructure’s earnings. Instructure posted earnings of ($0.54) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.4%. The company is expected to announce its next earnings report on Monday, August 7th.
On average, analysts expect that Instructure will report full year earnings of ($1.84) per share for the current fiscal year, with EPS estimates ranging from ($1.84) to ($1.83). For the next year, analysts forecast that the business will post earnings of ($1.53) per share, with EPS estimates ranging from ($1.59) to ($1.47). Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Instructure.
Instructure (NYSE:INST) last issued its quarterly earnings results on Monday, May 1st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.04. Instructure had a negative return on equity of 385.77% and a negative net margin of 43.24%. The firm had revenue of $34 million during the quarter, compared to analyst estimates of $32.96 million. During the same quarter in the previous year, the company posted ($0.42) earnings per share. The company’s revenue was up 45.9% compared to the same quarter last year.
INST has been the subject of several research reports. Raymond James Financial, Inc. raised shares of Instructure from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $28.00 to $29.00 in a research note on Thursday, March 16th. Zacks Investment Research raised shares of Instructure from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, April 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of Instructure in a research note on Friday, June 2nd. ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Needham & Company LLC upped their price objective on shares of Instructure from $28.00 to $33.00 and gave the company a “strong-buy” rating in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Instructure currently has an average rating of “Buy” and an average target price of $30.57.
Shares of Instructure (NYSE INST) traded up 1.37% during midday trading on Monday, reaching $29.55. The company’s stock had a trading volume of 335,223 shares. Instructure has a 12 month low of $17.16 and a 12 month high of $29.90. The company’s 50-day moving average price is $26.01 and its 200-day moving average price is $23.17. The company’s market cap is $854.50 million.
In related news, EVP Marc T. Maloy sold 3,000 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $25.21, for a total transaction of $75,630.00. Following the completion of the sale, the executive vice president now owns 12,614 shares of the company’s stock, valued at approximately $317,998.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William M. Conroy sold 8,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $25.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 21,094 shares of the company’s stock, valued at approximately $527,350. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,781 shares of company stock valued at $712,865. 12.80% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Whale Rock Capital Management LLC purchased a new stake in Instructure during the first quarter valued at $26,000,000. Nine Ten Capital Management LLC boosted its stake in Instructure by 60.2% in the first quarter. Nine Ten Capital Management LLC now owns 2,631,124 shares of the technology company’s stock valued at $61,568,000 after buying an additional 988,396 shares during the period. Putnam Investments LLC boosted its stake in Instructure by 70.8% in the fourth quarter. Putnam Investments LLC now owns 1,118,861 shares of the technology company’s stock valued at $21,874,000 after buying an additional 463,692 shares during the period. Janus Capital Management LLC boosted its stake in Instructure by 45.2% in the fourth quarter. Janus Capital Management LLC now owns 1,071,368 shares of the technology company’s stock valued at $20,945,000 after buying an additional 333,462 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Instructure by 12.0% in the first quarter. JPMorgan Chase & Co. now owns 2,314,092 shares of the technology company’s stock valued at $54,150,000 after buying an additional 248,282 shares during the period. 64.12% of the stock is owned by institutional investors and hedge funds.
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Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.
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