Instructure, Inc. (INST) to Release Quarterly Earnings on Monday
Instructure, Inc. (NYSE:INST) is set to issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of ($0.31) per share for the quarter. Instructure has set its Q3 guidance at ($0.32)-(0.30) EPS and its FY17 guidance at ($1.26)-(1.23) EPS.
Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, July 31st. The technology company reported ($0.46) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.04. The business had revenue of $38.00 million during the quarter, compared to analysts’ expectations of $37.09 million. Instructure had a negative net margin of 38.12% and a negative return on equity of 827.22%. The business’s quarterly revenue was up 46.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.44) earnings per share. On average, analysts expect Instructure to post $-1.24 EPS for the current fiscal year and $-0.78 EPS for the next fiscal year.
Instructure, Inc. (INST) traded down 0.43% on Monday, hitting $34.70. 65,301 shares of the company’s stock were exchanged. The company’s market cap is $1.02 billion. Instructure, Inc. has a 12-month low of $17.85 and a 12-month high of $35.60. The company’s 50-day moving average price is $32.86 and its 200-day moving average price is $28.85.
In other Instructure news, COO Mitch Macfarlane sold 7,650 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $30.12, for a total transaction of $230,418.00. Following the completion of the transaction, the chief operating officer now owns 12,298 shares in the company, valued at approximately $370,415.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William M. Conroy sold 8,000 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $33.94, for a total transaction of $271,520.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,650 shares of company stock valued at $846,338. 62.50% of the stock is owned by insiders.
INST has been the subject of a number of recent research reports. Jefferies Group LLC increased their price target on shares of Instructure from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Tuesday, August 8th. BidaskClub cut shares of Instructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Needham & Company LLC reiterated a “buy” rating and set a $39.00 price target (up previously from $33.00) on shares of Instructure in a research note on Thursday, July 27th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Instructure in a research note on Monday, June 26th. They set a “buy” rating and a $33.00 price target for the company. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $36.00.
Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.
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