K12 Inc (LRN) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS

K12 Inc (NYSE:LRN) announced its quarterly earnings results on Thursday. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.15, Briefing.com reports. K12 had a net margin of 0.70% and a return on equity of 4.16%. The company had revenue of $228.80 million during the quarter, compared to analyst estimates of $235.15 million. During the same quarter in the previous year, the business earned ($0.36) EPS. The firm’s revenue was down .1% on a year-over-year basis.

K12 (NYSE:LRN) traded down 4.33% during midday trading on Friday, reaching $17.22. 447,632 shares of the company traded hands. K12 has a 12-month low of $10.17 and a 12-month high of $21.18. The stock has a market capitalization of $666.10 million, a P/E ratio of 1722.00 and a beta of -0.23. The company has a 50 day moving average of $17.70 and a 200-day moving average of $18.34.

LRN has been the subject of several research analyst reports. Zacks Investment Research raised shares of K12 from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, August 10th. BMO Capital Markets reissued a “buy” rating and issued a $21.00 price target on shares of K12 in a report on Wednesday. TheStreet lowered shares of K12 from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Finally, BidaskClub lowered shares of K12 from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.

In other news, CFO James Jeaho Rhyu sold 15,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the completion of the sale, the chief financial officer now directly owns 204,591 shares in the company, valued at $3,682,638. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 60,000 shares of company stock valued at $1,080,300. 18.34% of the stock is currently owned by corporate insiders.

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K12 Company Profile

K12 Inc (K12) is a technology-based education company. The Company offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a continuum of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.

Earnings History for K12 (NYSE:LRN)

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