Q2 2018 EPS Estimates for K12 Inc (LRN) Reduced by Analyst

K12 Inc (NYSE:LRN) – Equities research analysts at First Analysis reduced their Q2 2018 earnings estimates for shares of K12 in a research note issued to investors on Friday. First Analysis analyst C. Greendale now forecasts that the company will earn $0.23 per share for the quarter, down from their previous forecast of $0.25.

Several other research analysts have also recently issued reports on LRN. TheStreet cut shares of K12 from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Zacks Investment Research raised shares of K12 from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday, July 18th. BidaskClub cut shares of K12 from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, 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.

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K12 (NYSE:LRN) opened at C$15.70 on Monday. K12 has a 12-month low of C$13.01 and a 12-month high of C$21.18. The stock has a market cap of $648.92, a PE ratio of 26.17, a P/E/G ratio of 2.01 and a beta of -0.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.43 and a current ratio of 3.57.

K12 (NYSE:LRN) last issued its quarterly earnings results on Thursday, October 26th. The company reported C($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.36) by C$0.15. K12 had a net margin of 0.70% and a return on equity of 4.16%. The company had revenue of C$228.80 million during the quarter, compared to analysts’ expectations of C$235.15 million. During the same period last year, the company posted ($0.36) EPS. K12’s revenue was down .1% on a year-over-year basis.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gotham Asset Management LLC bought a new stake in K12 during the second quarter valued at approximately $359,000. Vanguard Group Inc. grew its position in K12 by 1.8% during the second quarter. Vanguard Group Inc. now owns 2,787,709 shares of the company’s stock valued at $49,955,000 after buying an additional 50,164 shares during the period. Janus Capital Management LLC bought a new stake in K12 during the first quarter valued at approximately $850,000. Goldman Sachs Group Inc. grew its position in K12 by 19.6% during the second quarter. Goldman Sachs Group Inc. now owns 323,207 shares of the company’s stock valued at $5,792,000 after buying an additional 52,969 shares during the period. Finally, Palisade Capital Management LLC NJ grew its position in K12 by 7.9% during the third quarter. Palisade Capital Management LLC NJ now owns 1,196,274 shares of the company’s stock valued at $21,342,000 after buying an additional 87,747 shares during the period. Institutional investors own 78.12% of the company’s stock.

In other news, CFO James Jeaho Rhyu sold 10,000 shares of K12 stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$18.00, for a total value of C$180,000.00. Following the completion of the sale, the chief financial officer now directly owns 201,881 shares in the company, valued at C$3,633,858. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 50,000 shares of company stock valued at $900,000 over the last quarter. Company insiders own 9.61% of the company’s stock.

About K12

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.

Earnings History and Estimates for K12 (NYSE:LRN)

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