Equities research analysts forecast that Instructure Inc (NYSE:INST) will report earnings per share (EPS) of ($0.19) for the current quarter, according to Zacks. Five analysts have provided estimates for Instructure’s earnings. The lowest EPS estimate is ($0.19) and the highest is ($0.18). Instructure posted earnings of ($0.15) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 26.7%. The business is scheduled to announce its next quarterly earnings results on Monday, October 28th.
On average, analysts expect that Instructure will report full year earnings of ($0.61) per share for the current year, with EPS estimates ranging from ($0.62) to ($0.59). For the next year, analysts expect that the business will report earnings of ($0.42) per share, with EPS estimates ranging from ($0.47) to ($0.34). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Instructure.
Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, October 28th. The technology company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.08. Instructure had a negative net margin of 24.07% and a negative return on equity of 41.15%. The business had revenue of $68.30 million for the quarter, compared to analyst estimates of $68.08 million. During the same period in the prior year, the business posted ($0.15) earnings per share. Instructure’s revenue was up 23.5% compared to the same quarter last year.
Several equities research analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $46.00 target price on shares of Instructure in a research note on Tuesday, July 30th. CIBC raised shares of Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price objective for the company in a research report on Monday, August 12th. Zacks Investment Research downgraded shares of Instructure from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. DA Davidson reissued a “buy” rating on shares of Instructure in a research report on Monday, September 16th. Finally, Raymond James downgraded shares of Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 price objective for the company. in a research report on Friday, July 12th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $47.61.
Shares of NYSE:INST opened at $42.44 on Friday. Instructure has a 52 week low of $30.35 and a 52 week high of $50.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $1.62 billion, a PE ratio of -34.50 and a beta of 0.44. The company has a 50 day moving average price of $40.31 and a two-hundred day moving average price of $41.82.
In related news, insider Matthew Kaminer sold 2,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $39.05, for a total value of $78,100.00. Following the completion of the transaction, the insider now owns 36,075 shares of the company’s stock, valued at $1,408,728.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven B. Kaminsky sold 20,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $41.43, for a total transaction of $828,600.00. Following the completion of the sale, the chief financial officer now owns 183,817 shares of the company’s stock, valued at approximately $7,615,538.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,309 shares of company stock valued at $1,773,242. 9.60% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in INST. Ashburton Jersey Ltd acquired a new stake in Instructure in the second quarter valued at $27,000. Aperio Group LLC acquired a new stake in Instructure in the second quarter valued at $58,000. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Instructure in the second quarter valued at $63,000. Cubist Systematic Strategies LLC acquired a new stake in Instructure in the second quarter valued at $87,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Instructure in the second quarter valued at $112,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.
Instructure Company Profile
Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for KÂ-12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.
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