Instructure (NYSE:INST) posted its earnings results on Monday. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.02, Bloomberg Earnings reports. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. The company had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $41.43 million. During the same period last year, the firm earned ($0.35) earnings per share. Instructure’s quarterly revenue was up 39.0% on a year-over-year basis. Instructure updated its Q1 guidance to ($0.24)-($0.22) EPS and its FY18 guidance to ($1.03)-($0.97) EPS.
Instructure (INST) traded up $4.87 during mid-day trading on Tuesday, hitting $42.22. 651,121 shares of the stock traded hands, compared to its average volume of 186,933. Instructure has a 1 year low of $22.00 and a 1 year high of $43.80. The stock has a market capitalization of $1,110.00 and a price-to-earnings ratio of -21.22.
Several analysts have commented on the stock. Needham & Company LLC raised their price objective on shares of Instructure from $39.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Tuesday. Morgan Stanley set a $42.00 price objective on shares of Instructure and gave the stock a “buy” rating in a report on Tuesday. SunTrust Banks raised their price objective on shares of Instructure to $47.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer restated a “buy” rating and issued a $41.00 price objective (up from $38.00) on shares of Instructure in a report on Tuesday, October 31st. Finally, Zacks Investment Research lowered shares of Instructure from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $40.40.
In other news, Director Ellen Levy sold 9,000 shares of Instructure stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $34.55, for a total transaction of $310,950.00. Following the completion of the transaction, the director now directly owns 17,562 shares in the company, valued at $606,767.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Kaminer sold 5,000 shares of Instructure stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the transaction, the senior vice president now owns 22,498 shares of the company’s stock, valued at $809,928. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock valued at $830,250 over the last quarter. Company insiders own 12.80% of the company’s stock.
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Instructure Company Profile
Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.
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