K12 Inc. (NYSE:LRN) – Equities researchers at Barrington Research cut their Q2 2021 EPS estimates for shares of K12 in a research note issued to investors on Tuesday, October 27th. Barrington Research analyst A. Paris. Jr now forecasts that the company will post earnings of $0.52 per share for the quarter, down from their prior forecast of $0.79. Barrington Research currently has a “Outperform” rating and a $60.00 price target 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 issued its earnings results on Monday, October 26th. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.64. K12 had a return on equity of 3.75% and a net margin of 2.35%. The company had revenue of $370.96 million during the quarter, compared to the consensus estimate of $362.56 million. During the same period in the previous year, the firm posted ($0.25) earnings per share. K12’s quarterly revenue was up 44.3% compared to the same quarter last year.
LRN has been the subject of a number of other reports. Zacks Investment Research upgraded K12 from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research note on Saturday. ValuEngine cut K12 from a “hold” rating to a “sell” rating in a report on Tuesday. Sidoti upgraded shares of K12 from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research 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, TheStreet upgraded shares of K12 from a “c+” rating to a “b-” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. K12 currently has a consensus rating of “Buy” and a consensus price target 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.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new stake in K12 during the third quarter worth about $29,000. Parallel Advisors LLC grew its stake in shares of K12 by 137.3% during the second quarter. Parallel Advisors LLC now owns 1,604 shares of the company’s stock valued at $43,000 after purchasing an additional 928 shares during the last quarter. US Bancorp DE grew its stake in shares of K12 by 1,638.9% during the second quarter. US Bancorp DE now owns 1,652 shares of the company’s stock valued at $45,000 after purchasing an additional 1,557 shares during the last quarter. FinTrust Capital Advisors LLC lifted its holdings in K12 by 107.9% in the second quarter. FinTrust Capital Advisors LLC now owns 2,116 shares of the company’s stock valued at $58,000 after buying an additional 1,098 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new position in K12 in the first quarter valued at approximately $52,000. 89.24% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider James Jeaho Rhyu sold 13,738 shares of the company’s stock in a transaction dated 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 $12,706,865.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.75% of the stock is owned by insiders.
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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