K12 Inc. (NYSE:LRN) – Equities researchers at William Blair issued their Q1 2020 EPS estimates for shares of K12 in a note issued to investors on Monday, August 12th. William Blair analyst S. Sheldon expects that the company will post earnings of ($0.21) per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for K12’s Q2 2020 earnings at $0.59 EPS, Q3 2020 earnings at $0.44 EPS, Q4 2020 earnings at $0.16 EPS, FY2020 earnings at $0.98 EPS and FY2021 earnings at $1.11 EPS.
A number of other equities analysts have also weighed in on LRN. BMO Capital Markets reduced their price objective on K12 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. ValuEngine lowered K12 from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded K12 from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Friday, August 9th. Barrington Research reiterated a “buy” rating and set a $40.00 price objective on shares of K12 in a research note on Thursday, June 13th. Finally, Sidoti upgraded K12 from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. K12 currently has an average rating of “Buy” and a consensus price target of $33.25.
NYSE LRN opened at $27.91 on Thursday. The stock has a 50-day simple moving average of $30.00 and a two-hundred day simple moving average of $31.81. The firm has a market capitalization of $1.15 billion, a P/E ratio of 30.67, a PEG ratio of 2.03 and a beta of 0.06. K12 has a fifty-two week low of $16.12 and a fifty-two week high of $37.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.21 and a current ratio of 3.40.
K12 (NYSE:LRN) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.05. The business had revenue of $256.31 million during the quarter, compared to analyst estimates of $248.43 million. K12 had a return on equity of 6.11% and a net margin of 3.66%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS.
Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in K12 by 17.1% in the first quarter. JPMorgan Chase & Co. now owns 1,237,894 shares of the company’s stock valued at $42,249,000 after acquiring an additional 180,672 shares during the last quarter. New York State Teachers Retirement System purchased a new position in K12 during the second quarter worth about $100,000. Investors Research Corp purchased a new position in K12 in the first quarter valued at about $27,000. SeaTown Holdings Pte. Ltd. purchased a new position in K12 in the first quarter valued at about $307,000. Finally, Alps Advisors Inc. purchased a new position in shares of K12 during the 1st quarter worth approximately $411,000. Institutional investors own 87.33% of the company’s stock.
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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