The First Analysis Weighs in on K12 Inc.’s Q3 2017 Earnings (LRN)

The First Analysis Weighs in on K12 Inc.’s Q3 2017 Earnings (LRN)

K12 Inc. (NYSE:LRN) – Analysts at First Analysis issued their Q3 2017 earnings estimates for K12 in a research report issued on Wednesday. First Analysis analyst C. Greendale expects that the brokerage will post earnings per share of $0.36 for the quarter. First Analysis currently has a “Overweight” rating and a $14.00 target price on the stock. First Analysis also issued estimates for K12’s FY2017 earnings at $0.39 EPS and FY2018 earnings at $0.46 EPS.

Other equities research analysts have also issued reports about the stock. TheStreet raised shares of K12 from a “sell” rating to a “hold” rating in a report on Friday, July 8th. Barrington Research reaffirmed a “market perform” rating on shares of K12 in a report on Friday, July 15th. Finally, BMO Capital Markets raised shares of K12 from a “market perform” rating to an “outperform” rating and upped their price target for the company from $13.00 to $15.00 in a report on Thursday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. K12 currently has an average rating of “Buy” and a consensus price target of $13.75.

Shares of K12 (NYSE:LRN) opened at 10.63 on Friday. The stock has a 50 day moving average price of $13.71 and a 200 day moving average price of $12.41. K12 has a one year low of $7.11 and a one year high of $14.91. The company has a market capitalization of $403.28 million, a PE ratio of 51.85 and a beta of 0.59.

K12 (NYSE:LRN) last issued its earnings results on Wednesday, October 26th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.03. K12 had a return on equity of 2.28% and a net margin of 0.91%. The firm earned $229.10 million during the quarter, compared to the consensus estimate of $225.87 million. During the same period last year, the firm posted ($0.34) earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year.

Several large investors have recently bought and sold shares of LRN. Acadian Asset Management LLC raised its stake in K12 by 31.8% in the second quarter. Acadian Asset Management LLC now owns 1,353,085 shares of the company’s stock valued at $16,899,000 after buying an additional 326,198 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in K12 during the second quarter valued at about $2,624,000. Bank of New York Mellon Corp raised its stake in K12 by 98.1% in the second quarter. Bank of New York Mellon Corp now owns 414,467 shares of the company’s stock valued at $5,177,000 after buying an additional 205,220 shares during the last quarter. Panagora Asset Management Inc. raised its stake in K12 by 75.9% in the first quarter. Panagora Asset Management Inc. now owns 454,870 shares of the company’s stock valued at $4,499,000 after buying an additional 196,258 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in K12 by 10.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,993,586 shares of the company’s stock valued at $24,899,000 after buying an additional 190,797 shares during the last quarter. 80.71% of the stock is currently owned by institutional investors and hedge funds.

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