Instructure Inc (INST) Expected to Earn FY2018 Earnings of ($1.39) Per Share

Instructure Inc (NYSE:INST) – Analysts at DA Davidson increased their FY2018 earnings per share (EPS) estimates for shares of Instructure in a research report issued on Tuesday, October 30th. DA Davidson analyst R. Jaluria now anticipates that the technology company will post earnings per share of ($1.39) for the year, up from their prior estimate of ($1.46). DA Davidson currently has a “Buy” rating and a $47.00 target price on the stock. DA Davidson also issued estimates for Instructure’s Q4 2018 earnings at ($0.32) EPS, Q1 2019 earnings at ($0.37) EPS, Q2 2019 earnings at ($0.35) EPS, Q3 2019 earnings at ($0.34) EPS, Q4 2019 earnings at ($0.32) EPS, FY2019 earnings at ($1.38) EPS, Q1 2020 earnings at ($0.30) EPS, Q2 2020 earnings at ($0.27) EPS, Q3 2020 earnings at ($0.27) EPS and FY2020 earnings at ($1.03) EPS.

Other analysts also recently issued reports about the stock. Morgan Stanley dropped their target price on shares of Instructure from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Barrington Research restated a “buy” rating and set a $50.00 target price on shares of Instructure in a report on Tuesday, October 16th. Needham & Company LLC raised their target price on shares of Instructure from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Citigroup dropped their target price on shares of Instructure from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of Instructure from a “sell” rating to a “hold” rating and set a $42.00 target price on the stock in a report on Wednesday. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.60.

Shares of INST stock opened at $36.00 on Friday. Instructure has a 52 week low of $29.48 and a 52 week high of $49.17.

Instructure (NYSE:INST) last announced its earnings results on Monday, October 29th. The technology company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.26. The firm had revenue of $55.24 million for the quarter, compared to the consensus estimate of $53.93 million. Instructure had a negative net margin of 24.15% and a negative return on equity of 49.49%. The business’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period last year, the company posted ($0.24) EPS.

Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its holdings in shares of Instructure by 3.6% in the second quarter. Public Employees Retirement System of Ohio now owns 39,276 shares of the technology company’s stock valued at $1,671,000 after purchasing an additional 1,364 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Instructure by 7.5% in the second quarter. Raymond James & Associates now owns 22,019 shares of the technology company’s stock valued at $937,000 after purchasing an additional 1,531 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Instructure by 121.5% in the second quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock valued at $132,000 after purchasing an additional 1,701 shares during the last quarter. Gagnon Advisors LLC raised its holdings in shares of Instructure by 1.7% in the second quarter. Gagnon Advisors LLC now owns 121,669 shares of the technology company’s stock valued at $5,177,000 after purchasing an additional 2,070 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Instructure by 8.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 28,652 shares of the technology company’s stock valued at $1,219,000 after purchasing an additional 2,210 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

About Instructure

Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K–12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K–12 schools.

Further Reading: Cash Flow

Earnings History and Estimates for Instructure (NYSE:INST)

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