K12 (LRN) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS
K12 (NYSE:LRN) issued its quarterly earnings data on Thursday. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.11, Analyst Ratings News reports. The company had revenue of $232.00 million for the quarter, compared to the consensus estimate of $221.04 million.
On the ratings front, analysts at Stifel Nicolaus downgraded shares of K12 from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.50.
Shares of K12 (NYSE:LRN) opened at 22.40 on Thursday. K12 has a 52 week low of $17.15 and a 52 week high of $38.14. The stock’s 50-day moving average is $22.84 and its 200-day moving average is $22.63. The company has a market cap of $868.7 million and a price-to-earnings ratio of 91.32.
K12 Inc (NYSE:LRN) is a technology-based education company.
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