K12 Inc. (NYSE:LRN) Expected to Announce Quarterly Sales of $257.69 Million

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Equities analysts expect K12 Inc. (NYSE:LRN) to announce sales of $257.69 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for K12’s earnings, with the lowest sales estimate coming in at $257.68 million and the highest estimate coming in at $257.70 million. K12 reported sales of $254.87 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.1%. The business is scheduled to issue its next earnings report on Tuesday, January 28th.

On average, analysts expect that K12 will report full year sales of $1.03 billion for the current financial year. For the next year, analysts anticipate that the company will post sales of $1.07 billion, with estimates ranging from $1.07 billion to $1.08 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow K12.

K12 (NYSE:LRN) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.07). The firm had revenue of $257.12 million for the quarter, compared to analyst estimates of $253.94 million. K12 had a return on equity of 5.75% and a net margin of 3.50%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.22) EPS.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded K12 from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barrington Research set a $40.00 price target on K12 and gave the stock a “buy” rating in a report on Wednesday, October 9th. William Blair started coverage on K12 in a report on Monday, August 12th. They set an “outperform” rating for the company. TheStreet downgraded K12 from a “b” rating to a “c+” rating in a research report on Tuesday, August 13th. Finally, ValuEngine raised K12 from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. K12 has an average rating of “Buy” and a consensus price target of $32.50.

In related news, insider Kevin Chavous sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $20.54, for a total transaction of $308,100.00. Following the completion of the transaction, the insider now directly owns 84,263 shares in the company, valued at approximately $1,730,762.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.75% of the company’s stock.

Large investors have recently modified their holdings of the stock. Systematic Financial Management LP grew its stake in shares of K12 by 54.1% during the third quarter. Systematic Financial Management LP now owns 331,434 shares of the company’s stock worth $8,750,000 after buying an additional 116,306 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of K12 by 56.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,140 shares of the company’s stock valued at $65,000 after acquiring an additional 775 shares in the last quarter. State of Tennessee Treasury Department bought a new stake in K12 during the 3rd quarter worth $329,000. Charles Schwab Investment Management Inc. grew its position in K12 by 20.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 537,125 shares of the company’s stock worth $16,334,000 after acquiring an additional 92,338 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new position in K12 in the 2nd quarter worth about $100,000. 87.98% of the stock is owned by institutional investors and hedge funds.

LRN traded up $0.26 during trading on Monday, hitting $19.22. 306,547 shares of the stock traded hands, compared to its average volume of 318,948. The business has a 50 day moving average price of $20.63 and a 200 day moving average price of $26.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.57 and a quick ratio of 3.42. K12 has a twelve month low of $18.90 and a twelve month high of $37.43. The company has a market cap of $793.71 million, a price-to-earnings ratio of 21.12, a PEG ratio of 1.52 and a beta of 0.15.

About K12

K12 Inc, a technology-based education company, together with its subsidiaries, provides online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade in the United States and internationally. The company also offers curriculum and technology solutions for full-time virtual and blended programs; full-time virtual programs, semester courses, and supplemental educational products; teacher training, teaching, and other academic and technology support services to public schools, school districts, private schools, charter schools, early childhood learning centers, and corporate partners.

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