K12 Inc. (NYSE:LRN) – Stock analysts at Barrington Research reduced their Q2 2021 earnings estimates for K12 in a research note issued on Tuesday, October 27th. Barrington Research analyst A. Paris. Jr now expects that the company will post earnings per share of $0.52 for the quarter, down from their previous estimate of $0.79. Barrington Research currently has a “Outperform” rating and a $60.00 target price on the stock. Barrington Research also issued estimates for K12’s Q3 2021 earnings at $0.30 EPS, Q4 2021 earnings at $0.23 EPS, FY2021 earnings at $1.35 EPS and FY2022 earnings at $1.50 EPS.
K12 (NYSE:LRN) last announced its earnings results on Monday, October 26th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.64. The business had revenue of $370.96 million for the quarter, compared to analyst estimates of $362.56 million. K12 had a return on equity of 3.75% and a net margin of 2.35%. The company’s revenue for the quarter was up 44.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.25) earnings per share.
LRN has been the topic of a number of other research reports. TheStreet raised K12 from a “c+” rating to a “b-” rating in a report on Wednesday, August 12th. ValuEngine cut K12 from a “hold” rating to a “sell” rating in a report on Tuesday. Sidoti raised K12 from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Friday, September 4th. BMO Capital Markets lowered their price objective on shares of K12 from $60.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of K12 from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research report on Saturday. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $44.25.
Shares of LRN stock opened at $23.87 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $28.61 and a two-hundred day moving average of $31.52. K12 has a 52 week low of $15.06 and a 52 week high of $52.84. The company has a market cap of $991.46 million, a P/E ratio of 39.13, a PEG ratio of 1.28 and a beta of 0.47.
In other K12 news, insider James Jeaho Rhyu sold 13,738 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $47.80, for a total transaction of $656,676.40. Following the completion of the transaction, the insider now owns 265,834 shares of the company’s stock, valued at approximately $12,706,865.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.75% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Standard Life Aberdeen plc bought a new stake in K12 in the third quarter valued at about $20,330,000. Portolan Capital Management LLC grew its stake in K12 by 98.4% during the second quarter. Portolan Capital Management LLC now owns 990,559 shares of the company’s stock worth $26,983,000 after buying an additional 491,161 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of K12 during the third quarter valued at approximately $11,732,000. Silvercrest Asset Management Group LLC bought a new stake in shares of K12 during the second quarter valued at approximately $9,746,000. Finally, Alyeska Investment Group L.P. grew its stake in shares of K12 by 145.7% during the second quarter. Alyeska Investment Group L.P. now owns 437,725 shares of the company’s stock valued at $11,924,000 after purchasing an additional 259,579 shares during the last quarter. 89.24% of the stock is owned by institutional investors and hedge funds.
K12 Inc, a technology-based education company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. The company offers managed public school programs, which offer an integrated package of systems, services, products, and professional services that K12 administers to support an online or blended public school, including administrative support, information technology and provisioning, academic support, curriculum, learning systems, and instructional services.
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