K12 Inc. (NYSE:LRN) to Post Q1 2020 Earnings of ($0.21) Per Share, William Blair Forecasts

K12 Inc. (NYSE:LRN) – Equities researchers at William Blair issued their Q1 2020 earnings per share estimates for shares of K12 in a research note issued to investors on Monday, August 12th. William Blair analyst S. Sheldon forecasts that the company will post earnings per share of ($0.21) for the quarter. William Blair currently 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 research firms have also recently weighed in on LRN. Sidoti upgraded shares of K12 from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 7th. ValuEngine cut shares of K12 from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet cut shares of K12 from a “b” rating to a “c+” rating in a research report on Tuesday. BMO Capital Markets reduced their price objective on shares of K12 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Barrington Research restated a “buy” rating and set a $40.00 price objective on shares of K12 in a research report on Thursday, June 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. K12 presently has an average rating of “Buy” and an average target price of $33.25.

NYSE:LRN opened at $27.73 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.21 and a current ratio of 3.40. The company has a fifty day moving average of $29.97 and a two-hundred day moving average of $31.79. The stock has a market capitalization of $1.12 billion, a PE ratio of 30.47, a P/E/G ratio of 1.98 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.

K12 (NYSE:LRN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. The company had revenue of $256.31 million during the quarter, compared to analysts’ expectations of $248.43 million. K12 had a net margin of 3.66% and a return on equity of 6.11%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. boosted its stake in K12 by 157.0% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 63,945 shares of the company’s stock worth $1,944,000 after buying an additional 39,061 shares during the period. United Services Automobile Association boosted its stake in K12 by 3.9% during the second quarter. United Services Automobile Association now owns 133,365 shares of the company’s stock worth $4,056,000 after buying an additional 5,010 shares during the period. Summit Global Investments purchased a new position in K12 during the second quarter worth about $696,000. Voloridge Investment Management LLC boosted its stake in K12 by 27.2% during the second quarter. Voloridge Investment Management LLC now owns 12,762 shares of the company’s stock worth $388,000 after buying an additional 2,728 shares during the period. Finally, Zacks Investment Management boosted its stake in K12 by 3.2% during the second quarter. Zacks Investment Management now owns 36,971 shares of the company’s stock worth $1,124,000 after buying an additional 1,139 shares during the period. Institutional investors and hedge funds own 87.33% of the company’s stock.

About K12

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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Earnings History and Estimates for K12 (NYSE:LRN)

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