K12 Inc. (NYSE:LRN) – Analysts at Barrington Research lowered their Q2 2021 earnings per share (EPS) estimates for K12 in a research report issued to clients and investors on Tuesday, October 27th. Barrington Research analyst A. Paris. Jr now forecasts that the company will post earnings per share of $0.52 for the quarter, down from their previous forecast of $0.79. Barrington Research has a “Outperform” rating and a $60.00 price objective 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 posted its quarterly earnings results on Monday, October 26th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.64. K12 had a return on equity of 3.75% and a net margin of 2.35%. The business had revenue of $370.96 million for the quarter, compared to the consensus estimate of $362.56 million. During the same quarter in the prior year, the company earned ($0.25) EPS. The business’s revenue was up 44.3% compared to the same quarter last year.
A number of other research firms have also recently commented on LRN. TheStreet upgraded K12 from a “c+” rating to a “b-” rating in a research note on Wednesday, August 12th. Sidoti upgraded K12 from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Friday, September 4th. BMO Capital Markets dropped their target price on K12 from $60.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday. ValuEngine lowered K12 from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Zacks Investment Research raised K12 from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a report on Saturday. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $44.25.
Shares of LRN stock opened at $23.87 on Friday. K12 has a 1-year low of $15.06 and a 1-year high of $52.84. The stock’s 50-day moving average is $28.61 and its 200 day moving average is $31.52. 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. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.73.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Portolan Capital Management LLC boosted its position in shares of K12 by 98.4% in the 2nd quarter. Portolan Capital Management LLC now owns 990,559 shares of the company’s stock valued at $26,983,000 after purchasing an additional 491,161 shares during the period. State Street Corp grew its holdings in K12 by 1.7% during the 1st quarter. State Street Corp now owns 791,296 shares of the company’s stock valued at $14,924,000 after buying an additional 12,873 shares during the last quarter. Palisade Capital Management LLC NJ boosted its holdings in shares of K12 by 0.5% during the second quarter. Palisade Capital Management LLC NJ now owns 783,247 shares of the company’s stock worth $21,336,000 after purchasing an additional 4,173 shares during the last quarter. Standard Life Aberdeen plc purchased a new position in shares of K12 in the 3rd quarter worth $20,330,000. Finally, Principal Financial Group Inc. raised its position in shares of K12 by 22.2% in the 2nd quarter. Principal Financial Group Inc. now owns 706,319 shares of the company’s stock worth $19,240,000 after buying an additional 128,455 shares during the period. 89.24% of the stock is owned by hedge funds and other institutional investors.
In other K12 news, insider James Jeaho Rhyu sold 13,738 shares of K12 stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $47.80, for a total value of $656,676.40. Following the sale, the insider now owns 265,834 shares in the company, valued at $12,706,865.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.75% of the stock is owned by insiders.
K12 Company Profile
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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