K12 (NYSE:LRN) Posts Quarterly Earnings Results
K12 (NYSE:LRN) announced its earnings results on Tuesday. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.07), Briefing.com reports. K12 had a return on equity of 6.11% and a net margin of 3.66%. The firm had revenue of $257.12 million during the quarter, compared to analyst estimates of $253.94 million. During the same quarter in the previous year, the business earned ($0.22) earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. K12 updated its FY 2020 guidance to EPS and its Q2 2020 guidance to EPS.
Shares of LRN stock traded down $5.35 during trading on Wednesday, hitting $19.51. 823,835 shares of the company were exchanged, compared to its average volume of 238,587. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.21 and a current ratio of 3.40. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 1.77 and a beta of 0.14. The business’s 50-day simple moving average is $26.55 and its 200 day simple moving average is $29.87. K12 has a twelve month low of $16.67 and a twelve month high of $37.43.
Several brokerages have commented on LRN. Sidoti upgraded shares of K12 from a “neutral” rating to a “buy” rating in a report on Wednesday, August 7th. ValuEngine cut shares of K12 from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. TheStreet cut shares of K12 from a “b” rating to a “c+” rating in a report on Tuesday, August 13th. BMO Capital Markets decreased their target price on shares of K12 to $33.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, William Blair assumed coverage on shares of K12 in a report on Monday, August 12th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. K12 has an average rating of “Buy” and a consensus price target of $32.50.
K12 Inc, a technology-based education company, together with its subsidiaries, provides online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade in the United States and internationally. The company also offers curriculum and technology solutions for full-time virtual and blended programs; full-time virtual programs, semester courses, and supplemental educational products; teacher training, teaching, and other academic and technology support services to public schools, school districts, private schools, charter schools, early childhood learning centers, and corporate partners.
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