Rosetta Stone (NYSE:RST) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS
Rosetta Stone (NYSE:RST) posted its quarterly earnings data on Tuesday. The software maker reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.20, Briefing.com reports. The company had revenue of $45.91 million during the quarter, compared to analyst estimates of $42.23 million. Rosetta Stone had a negative net margin of 10.11% and a negative return on equity of 926.26%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted ($0.41) earnings per share.
Rosetta Stone (RST) traded up 0.40% during mid-day trading on Tuesday, hitting $10.01. 59,239 shares of the stock traded hands. The firm’s market cap is $222.20 million. The firm’s 50-day moving average price is $10.59 and its 200-day moving average price is $10.01. Rosetta Stone has a 52 week low of $6.80 and a 52 week high of $12.40.
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Several analysts have recently weighed in on the stock. ValuEngine raised shares of Rosetta Stone from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Rosetta Stone from a “strong-buy” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $15.00 price objective (up previously from $12.00) on shares of Rosetta Stone in a report on Wednesday, May 10th.
In related news, insider M. Sean Hartford sold 4,050 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $11.91, for a total transaction of $48,235.50. Following the completion of the sale, the insider now owns 18,348 shares in the company, valued at $218,524.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Nierenberg sold 285,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $12.13, for a total transaction of $3,457,050.00. The disclosure for this sale can be found here. Insiders have sold 365,669 shares of company stock valued at $4,427,082 in the last 90 days. 14.50% of the stock is currently owned by corporate insiders.
Rosetta Stone Company Profile
Rosetta Stone Inc (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners.
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