Zacks: Analysts Anticipate Instructure Inc (NYSE:INST) to Post -$0.24 EPS

Equities research analysts expect Instructure Inc (NYSE:INST) to announce earnings of ($0.24) per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Instructure’s earnings. The lowest EPS estimate is ($0.25) and the highest is ($0.23). Instructure also posted earnings of ($0.24) per share during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Monday, July 29th.

On average, analysts expect that Instructure will report full-year earnings of ($0.63) per share for the current fiscal year, with EPS estimates ranging from ($0.64) to ($0.61). For the next year, analysts forecast that the business will report earnings of ($0.39) per share, with EPS estimates ranging from ($0.51) to ($0.26). Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Instructure.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, April 29th. The technology company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.04). Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. The firm had revenue of $58.10 million for the quarter, compared to analyst estimates of $57.24 million. During the same quarter in the previous year, the company earned ($0.21) EPS. The company’s quarterly revenue was up 21.0% compared to the same quarter last year.

Several brokerages have issued reports on INST. Zacks Investment Research upgraded Instructure from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. TheStreet cut Instructure from a “c” rating to a “d-” rating in a research report on Tuesday, April 30th. Barrington Research reiterated a “buy” rating and set a $50.00 price target on shares of Instructure in a research report on Tuesday, April 23rd. Finally, ValuEngine upgraded Instructure from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.88.

In other Instructure news, CEO Daniel Tucker Goldsmith acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average cost of $41.85 per share, with a total value of $104,625.00. Following the acquisition, the chief executive officer now directly owns 7,379 shares of the company’s stock, valued at approximately $308,811.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Matthew Kaminer sold 15,000 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $45.79, for a total value of $686,850.00. Following the completion of the transaction, the executive vice president now directly owns 42,020 shares of the company’s stock, valued at $1,924,095.80. The disclosure for this sale can be found here. Insiders have sold a total of 53,735 shares of company stock worth $2,458,587 over the last quarter. Insiders own 9.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of INST. Quantamental Technologies LLC purchased a new stake in Instructure during the 4th quarter valued at about $31,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Instructure by 26.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock valued at $85,000 after purchasing an additional 481 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Instructure by 43.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 4,454 shares of the technology company’s stock valued at $209,000 after purchasing an additional 1,353 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Instructure during the 1st quarter valued at about $221,000. Finally, Jane Street Group LLC purchased a new stake in Instructure during the 1st quarter valued at about $261,000. 89.42% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE INST opened at $39.37 on Tuesday. Instructure has a 52-week low of $29.48 and a 52-week high of $50.19. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -32.01 and a beta of 0.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.39 and a current ratio of 1.39.

About Instructure

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 K–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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