-$0.14 EPS Expected for Pluralsight Inc (NASDAQ:PS) This Quarter

Wall Street brokerages predict that Pluralsight Inc (NASDAQ:PS) will announce ($0.14) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Pluralsight’s earnings. The highest EPS estimate is ($0.13) and the lowest is ($0.14). Pluralsight reported earnings of ($0.21) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Pluralsight will report full year earnings of ($0.40) per share for the current financial year, with EPS estimates ranging from ($0.41) to ($0.39). For the next year, analysts anticipate that the firm will post earnings of ($0.15) per share, with EPS estimates ranging from ($0.20) to ($0.10). Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Pluralsight.

Pluralsight (NASDAQ:PS) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.02. Pluralsight had a negative net margin of 31.50% and a negative return on equity of 51.53%. The company had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $68.31 million. The company’s quarterly revenue was up 40.2% on a year-over-year basis.

Several brokerages have recently commented on PS. Zacks Investment Research cut shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. Citigroup raised shares of China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 14th. KeyCorp initiated coverage on shares of Pluralsight in a research note on Tuesday. They set an “overweight” rating and a $40.00 price objective on the stock. Finally, Needham & Company LLC lifted their price objective on shares of Alteryx to $108.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.74.

In other Pluralsight news, CEO Aaron Skonnard sold 133,395 shares of Pluralsight stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.71, for a total value of $4,496,745.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nate Walkingshaw sold 3,852 shares of Pluralsight stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $34.43, for a total transaction of $132,624.36. The disclosure for this sale can be found here. Insiders have sold a total of 182,795 shares of company stock worth $6,055,603 in the last three months. 23.19% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in PS. Rhumbline Advisers lifted its position in shares of Pluralsight by 32.2% in the 4th quarter. Rhumbline Advisers now owns 22,709 shares of the company’s stock valued at $535,000 after acquiring an additional 5,529 shares in the last quarter. First Trust Advisors LP grew its position in shares of Pluralsight by 28.1% during the 4th quarter. First Trust Advisors LP now owns 112,787 shares of the company’s stock valued at $2,656,000 after buying an additional 24,765 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Pluralsight by 10,675.0% during the 4th quarter. New York State Common Retirement Fund now owns 43,100 shares of the company’s stock valued at $1,015,000 after buying an additional 42,700 shares during the last quarter. BlackRock Inc. grew its position in shares of Pluralsight by 8.0% during the 4th quarter. BlackRock Inc. now owns 1,917,779 shares of the company’s stock valued at $45,164,000 after buying an additional 142,072 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Pluralsight by 38.1% during the 4th quarter. Bank of New York Mellon Corp now owns 75,489 shares of the company’s stock valued at $1,778,000 after buying an additional 20,808 shares during the last quarter. 77.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:PS traded down $1.01 during trading on Friday, hitting $29.70. 57,643 shares of the company’s stock were exchanged, compared to its average volume of 1,545,590. Pluralsight has a 1-year low of $17.88 and a 1-year high of $38.37. The company’s 50-day moving average is $31.15. The company has a debt-to-equity ratio of 1.68, a quick ratio of 3.79 and a current ratio of 3.79. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of -20.58 and a beta of 1.96.

Pluralsight Company Profile

Pluralsight, Inc provides a technology skill development solutions worldwide. Its cloud-based technology skills platform offers a range of tools, including skill and role assessment tool, which uses machine learning and advanced algorithms to measure a user's skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include a digital ecosystem of thousands of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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