Skillsoft (NYSE:SKIL) Announces Quarterly Earnings Results, Beats Expectations By $0.39 EPS

Skillsoft (NYSE:SKIL) posted its earnings results on Wednesday. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.39, FiscalAI reports. Skillsoft had a negative net margin of 22.24% and a negative return on equity of 7.12%. The firm had revenue of $129.00 million for the quarter, compared to analysts’ expectations of $131.60 million.

Skillsoft Stock Up 2.6%

Shares of Skillsoft stock traded up $0.20 during trading on Wednesday, hitting $7.74. 265,212 shares of the stock traded hands, compared to its average volume of 59,845. The stock has a market cap of $67.37 million, a P/E ratio of -0.55, a PEG ratio of 0.48 and a beta of 1.73. The company has a fifty day moving average price of $12.29 and a two-hundred day moving average price of $14.33. The company has a debt-to-equity ratio of 13.45, a quick ratio of 0.85 and a current ratio of 0.85. Skillsoft has a twelve month low of $7.20 and a twelve month high of $34.42.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skillsoft in a research note on Monday, December 1st. Zacks Research downgraded shares of Skillsoft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Wall Street Zen raised shares of Skillsoft from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Skillsoft presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SKIL. Bank of America Corp DE boosted its position in shares of Skillsoft by 330.0% during the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock valued at $42,000 after acquiring an additional 1,343 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Skillsoft by 20.5% during the first quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock valued at $180,000 after buying an additional 1,593 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Skillsoft by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,174 shares of the company’s stock valued at $406,000 after buying an additional 1,772 shares during the last quarter. Vanguard Group Inc. lifted its stake in Skillsoft by 0.7% in the third quarter. Vanguard Group Inc. now owns 257,767 shares of the company’s stock worth $3,356,000 after acquiring an additional 1,841 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Skillsoft in the second quarter worth about $39,000. Institutional investors and hedge funds own 87.00% of the company’s stock.

Skillsoft Company Profile

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.