Instructure (INST) Releases Earnings Results, Beats Expectations By $0.02 EPS

Instructure (NYSE:INST) released its quarterly earnings results on Monday. The technology company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.02, Bloomberg Earnings reports. The firm had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $41.43 million. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The business’s revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.35) EPS. Instructure updated its Q1 guidance to ($0.24)-($0.22) EPS and its FY18 guidance to ($1.03)-($0.97) EPS.

Shares of Instructure (NYSE:INST) traded up $4.78 on Tuesday, hitting $42.13. 506,735 shares of the stock traded hands, compared to its average volume of 184,757. Instructure has a 12 month low of $22.00 and a 12 month high of $43.80. The company has a market capitalization of $1,110.00 and a PE ratio of -21.22.

In related news, Director Ellen Levy sold 9,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $34.55, for a total transaction of $310,950.00. Following the sale, the director now owns 17,562 shares in the company, valued at approximately $606,767.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Collins sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $33.86, for a total transaction of $169,300.00. Following the sale, the director now owns 5,000 shares in the company, valued at approximately $169,300. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock worth $830,250 over the last ninety days. Insiders own 12.80% of the company’s stock.

INST has been the topic of several research analyst reports. ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub cut shares of Instructure from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. William Blair initiated coverage on shares of Instructure in a report on Thursday, October 26th. They issued a “market perform” rating on the stock. Zacks Investment Research cut shares of Instructure from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Finally, Jefferies Group increased their price target on shares of Instructure to $43.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Instructure presently has an average rating of “Buy” and a consensus target price of $40.40.

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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.

Earnings History for Instructure (NYSE:INST)

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