Skillsoft (NYSE:SKIL) Announces Quarterly Earnings Results, Beats Estimates By $0.39 EPS

Skillsoft (NYSE:SKIL) released its earnings results on Wednesday. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.26 by $0.39, FiscalAI reports. The firm had revenue of $129.00 million during the quarter, compared to analysts’ expectations of $131.60 million. Skillsoft had a negative net margin of 22.24% and a negative return on equity of 7.12%.

Skillsoft Stock Performance

Skillsoft stock traded up $0.20 during trading hours on Wednesday, hitting $7.74. The company had a trading volume of 259,872 shares, compared to its average volume of 59,664. The firm has a 50-day moving average of $12.29 and a 200 day moving average of $14.33. The company has a debt-to-equity ratio of 13.45, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $67.37 million, a PE ratio of -0.55, a PEG ratio of 0.48 and a beta of 1.73. Skillsoft has a one year low of $7.20 and a one year high of $34.42.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Skillsoft from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Zacks Research cut Skillsoft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Skillsoft in a report on Monday, December 1st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Skillsoft has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Skillsoft

A number of large investors have recently made changes to their positions in SKIL. Vanguard Group Inc. grew its holdings in Skillsoft by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 257,767 shares of the company’s stock valued at $3,356,000 after buying an additional 1,841 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Skillsoft by 122.9% in the first quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company’s stock valued at $2,891,000 after acquiring an additional 82,860 shares during the period. Geode Capital Management LLC boosted its position in shares of Skillsoft by 114.6% in the second quarter. Geode Capital Management LLC now owns 102,715 shares of the company’s stock valued at $1,641,000 after acquiring an additional 54,853 shares during the period. UBS Group AG grew its stake in shares of Skillsoft by 17.4% in the third quarter. UBS Group AG now owns 85,449 shares of the company’s stock valued at $1,113,000 after acquiring an additional 12,692 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Skillsoft by 286.0% during the first quarter. Acadian Asset Management LLC now owns 40,374 shares of the company’s stock worth $774,000 after acquiring an additional 29,914 shares during the period. Institutional investors own 87.00% of the company’s stock.

Skillsoft Company Profile

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.