K12 Inc. (NYSE:LRN) – Analysts at First Analysis dropped their Q2 2020 earnings per share (EPS) estimates for shares of K12 in a research note issued to investors on Wednesday, October 23rd. First Analysis analyst C. Greendale now expects that the company will earn $0.48 per share for the quarter, down from their previous forecast of $0.60. First Analysis also issued estimates for K12’s Q3 2020 earnings at $0.43 EPS, FY2020 earnings at $0.81 EPS and FY2021 earnings at $0.90 EPS.
K12 (NYSE:LRN) last posted its earnings results on Tuesday, October 22nd. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.07). K12 had a net margin of 3.50% and a return on equity of 5.75%. The business had revenue of $257.12 million during the quarter, compared to analysts’ expectations of $253.94 million. During the same period last year, the business posted ($0.22) earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year.
A number of other research analysts have also weighed in on LRN. Sidoti raised shares of K12 from a “neutral” rating to a “buy” rating in a report on Wednesday, August 7th. TheStreet lowered shares of K12 from a “b” rating to a “c+” rating in a report on Tuesday, August 13th. ValuEngine raised shares of K12 from a “sell” rating to a “hold” rating in a report on Friday. Barrington Research set a $40.00 target price on shares of K12 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, William Blair assumed coverage on shares of K12 in a research note on Monday, August 12th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. K12 presently has a consensus rating of “Buy” and a consensus target price of $32.50.
LRN stock opened at $21.20 on Monday. The firm has a fifty day moving average price of $25.89 and a 200 day moving average price of $29.42. K12 has a fifty-two week low of $18.90 and a fifty-two week high of $37.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.21 and a current ratio of 3.57. The firm has a market cap of $821.56 million, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.48 and a beta of 0.14.
A number of hedge funds and other institutional investors have recently bought and sold shares of LRN. First Trust Advisors LP boosted its stake in K12 by 0.9% during the first quarter. First Trust Advisors LP now owns 68,385 shares of the company’s stock worth $2,334,000 after buying an additional 578 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in K12 by 107.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 24,884 shares of the company’s stock worth $849,000 after buying an additional 12,884 shares during the period. WINTON GROUP Ltd boosted its stake in K12 by 49.8% during the second quarter. WINTON GROUP Ltd now owns 19,955 shares of the company’s stock worth $607,000 after buying an additional 6,633 shares during the period. New York State Teachers Retirement System purchased a new position in K12 during the second quarter worth $100,000. Finally, Bessemer Group Inc. boosted its stake in K12 by 3.6% during the second quarter. Bessemer Group Inc. now owns 140,879 shares of the company’s stock worth $4,284,000 after buying an additional 4,900 shares during the period. 87.89% of the stock is owned by institutional investors.
K12 Company Profile
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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