Rosetta Stone (RST) Announces Earnings Results, Beats Estimates By $0.11 EPS
Rosetta Stone (NYSE:RST) posted its quarterly earnings data on Thursday. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.11, Briefing.com reports. Rosetta Stone had a negative return on equity of 926.26% and a negative net margin of 6.06%. The company had revenue of $46.21 million during the quarter, compared to analysts’ expectations of $43.27 million. During the same quarter in the previous year, the business earned ($0.25) EPS. Rosetta Stone’s revenue was down 5.1% compared to the same quarter last year.
Rosetta Stone (NYSE RST) traded up $0.69 on Friday, reaching $10.72. The company had a trading volume of 160,604 shares, compared to its average volume of 75,857. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of -39.40.
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In related news, major shareholder Osmium Partners, Llc sold 105,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $9.10, for a total transaction of $955,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.00% of the stock is owned by insiders.
RST has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Rosetta Stone from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine cut Rosetta Stone from a “hold” rating to a “sell” rating in a report on Friday, September 1st.
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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