Zacks: Analysts Anticipate Instructure, Inc. (INST) to Post -$0.31 EPS
Equities analysts expect Instructure, Inc. (NYSE:INST) to post ($0.31) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Instructure’s earnings, with estimates ranging from ($0.31) to ($0.30). Instructure reported earnings per share of ($0.34) in the same quarter last year, which would suggest a positive year over year growth rate of 8.8%. The company is expected to report its next quarterly earnings report after the market closes on Monday, October 30th.
On average, analysts expect that Instructure will report full year earnings of ($1.24) per share for the current financial year, with EPS estimates ranging from ($1.25) to ($1.23). For the next year, analysts anticipate that the firm will report earnings of ($0.78) per share, with EPS estimates ranging from ($0.83) to ($0.62). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Instructure.
Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, July 31st. The technology company reported ($0.46) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.04. The company had revenue of $38.00 million during the quarter, compared to the consensus estimate of $37.09 million. Instructure had a negative net margin of 38.12% and a negative return on equity of 827.22%. The company’s quarterly revenue was up 46.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.44) EPS.
Several brokerages have weighed in on INST. BidaskClub upgraded Instructure from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded Instructure from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $38.00 target price on shares of Instructure in a report on Thursday, October 12th. Needham & Company LLC restated a “buy” rating and set a $39.00 target price on shares of Instructure in a report on Sunday, October 1st. Finally, Jefferies Group LLC upped their target price on Instructure from $30.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Instructure has a consensus rating of “Buy” and an average price target of $36.00.
In other Instructure news, Director William M. Conroy sold 8,000 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $33.94, for a total value of $271,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marc T. Maloy sold 2,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $29.66, for a total value of $59,320.00. Following the completion of the transaction, the executive vice president now owns 13,272 shares of the company’s stock, valued at approximately $393,647.52. 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 corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its holdings in Instructure by 2.1% in the second quarter. Russell Investments Group Ltd. now owns 19,555 shares of the technology company’s stock worth $577,000 after purchasing an additional 410 shares in the last quarter. American International Group Inc. raised its holdings in Instructure by 7.1% in the first quarter. American International Group Inc. now owns 6,466 shares of the technology company’s stock worth $151,000 after purchasing an additional 426 shares in the last quarter. Strs Ohio raised its holdings in Instructure by 1.9% in the second quarter. Strs Ohio now owns 26,800 shares of the technology company’s stock worth $790,000 after purchasing an additional 500 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Instructure by 3.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 25,367 shares of the technology company’s stock worth $594,000 after purchasing an additional 855 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Instructure by 7.6% in the second quarter. Alliancebernstein L.P. now owns 17,000 shares of the technology company’s stock worth $502,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 78.33% of the company’s stock.
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Shares of Instructure (INST) traded down 0.57% during mid-day trading on Monday, hitting $34.65. 182,201 shares of the stock traded hands. The stock’s market cap is $1.02 billion. The firm’s 50-day moving average is $32.86 and its 200-day moving average is $28.85. Instructure has a 52 week low of $17.85 and a 52 week high of $35.60.
Instructure Company Profile
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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