Pearson (NYSE:PSO) Releases Earnings Results, Misses Estimates By $0.17 EPS

Pearson (NYSE:PSO) posted its earnings results on Thursday. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17), FiscalAI reports. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $2.35 billion.

Pearson Stock Performance

Shares of Pearson stock traded down $0.47 during trading on Friday, hitting $16.93. 1,292,738 shares of the stock traded hands, compared to its average volume of 1,035,506. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.94 and a current ratio of 2.00. The stock’s fifty day simple moving average is $15.92 and its 200 day simple moving average is $14.31. Pearson has a 52-week low of $12.02 and a 52-week high of $17.75.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings raised shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Pearson in a report on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of Pearson from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Pearson presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its stake in shares of Pearson by 2.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 42,183 shares of the company’s stock worth $592,000 after acquiring an additional 863 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Pearson by 952.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after purchasing an additional 1,590 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Pearson by 2.3% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 73,194 shares of the company’s stock worth $1,036,000 after purchasing an additional 1,638 shares in the last quarter. M&T Bank Corp increased its position in shares of Pearson by 10.3% during the second quarter. M&T Bank Corp now owns 18,115 shares of the company’s stock worth $271,000 after purchasing an additional 1,698 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Pearson by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 18,531 shares of the company’s stock valued at $262,000 after purchasing an additional 1,714 shares during the last quarter. 2.14% of the stock is currently owned by institutional investors.

Pearson Company Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.