K12 (LRN) Earning Somewhat Favorable News Coverage, Study Shows
Media headlines about K12 (NYSE:LRN) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. K12 earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.1082562431111 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of K12 (NYSE:LRN) traded down $0.05 during trading on Friday, hitting $15.70. 79,000 shares of the stock were exchanged, compared to its average volume of 200,376. The firm has a market cap of $651.41, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.02 and a beta of -0.26. K12 has a fifty-two week low of $13.01 and a fifty-two week high of $21.18. The company has a quick ratio of 3.43, a current ratio of 3.57 and a debt-to-equity ratio of 0.03.
K12 (NYSE:LRN) last announced its earnings results on Thursday, October 26th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.15. The business had revenue of $228.80 million for the quarter, compared to analysts’ expectations of $235.15 million. K12 had a net margin of 0.70% and a return on equity of 4.16%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.36) EPS. equities analysts expect that K12 will post 0.52 EPS for the current year.
Several analysts have recently weighed in on LRN shares. Zacks Investment Research upgraded shares of K12 from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, August 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $21.00 target price on shares of K12 in a report on Wednesday, October 25th. TheStreet cut shares of K12 from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Finally, BidaskClub cut shares of K12 from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.
ILLEGAL ACTIVITY WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/11/11/k12-lrn-earning-somewhat-favorable-news-coverage-study-shows.html.
In other news, CFO James Jeaho Rhyu sold 10,000 shares of K12 stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $18.00, for a total value of $180,000.00. Following the transaction, the chief financial officer now directly owns 201,881 shares of the company’s stock, valued at approximately $3,633,858. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 50,000 shares of company stock worth $900,000 over the last ninety days. Corporate insiders own 18.34% of the company’s stock.
K12 Inc (K12) is a technology-based education company. The Company offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a continuum of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.
Receive News & Stock Ratings for K12 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K12 Inc and related stocks with our FREE daily email newsletter.