Skillsoft (NYSE:SKIL) Releases Quarterly Earnings Results, Beats Expectations By $2.94 EPS

Skillsoft (NYSE:SKILGet Free Report) released its earnings results on Monday. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.05) by $2.94, Zacks reports. Skillsoft had a negative return on equity of 53.74% and a negative net margin of 62.85%.

Skillsoft Stock Up 2.9 %

NYSE:SKIL traded up $0.50 during mid-day trading on Monday, hitting $17.59. The stock had a trading volume of 28,870 shares, compared to its average volume of 57,724. Skillsoft has a twelve month low of $5.09 and a twelve month high of $34.43. The stock has a 50-day simple moving average of $22.74 and a two-hundred day simple moving average of $20.85. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.77. The company has a market capitalization of $145.72 million, a PE ratio of -0.42 and a beta of 1.48.

Institutional Investors Weigh In On Skillsoft

An institutional investor recently raised its position in Skillsoft stock. Bank of America Corp DE grew its holdings in shares of Skillsoft Corp. (NYSE:SKILFree Report) by 330.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,750 shares of the company’s stock after buying an additional 1,343 shares during the period. Bank of America Corp DE’s holdings in Skillsoft were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 87.00% of the company’s stock.

Skillsoft Company Profile

(Get Free Report)

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.

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Earnings History for Skillsoft (NYSE:SKIL)

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