Cambium Learning Group (NASDAQ:ABCD) posted its quarterly earnings results on Thursday. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01), MarketWatch Earnings reports. Cambium Learning Group had a net margin of 27.45% and a negative return on equity of 70.40%.
ABCD stock traded down $0.05 during midday trading on Friday, reaching $14.31. The company had a trading volume of 15,726 shares, compared to its average volume of 499,114. The company has a market cap of $679.56 million, a PE ratio of 33.28 and a beta of -0.71. Cambium Learning Group has a 1-year low of $5.19 and a 1-year high of $14.45.
A number of research analysts recently commented on ABCD shares. BidaskClub downgraded Cambium Learning Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Zacks Investment Research downgraded Cambium Learning Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, B. Riley downgraded Cambium Learning Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $15.50 to $15.00 in a research note on Tuesday, October 16th.
In related news, insider Paul Fonte sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $13.22, for a total value of $66,100.00. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $66,100. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 72.20% of the stock is owned by insiders.
About Cambium Learning Group
Cambium Learning Group, Inc provides educational technology solutions in the United States and internationally. It operates in three segments: Learning A-Z, ExploreLearning, and Voyager Sopris Learning. The Learning A-Z segment offers PreK-6 technology-enabled learning resources. It operates subscription-based Websites, including Reading A-Z, Raz-Kids, Headsprout, Science A-Z, Writing A-Z, Vocabulary A-Z, and ReadyTest A-Z that provide online supplemental books, lessons, assessments, and other instructional resources for individual classrooms, schools, and districts.
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