Wall Street brokerages expect Instructure Inc (NYSE:INST) to announce $62.09 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Instructure’s earnings. The highest sales estimate is $62.20 million and the lowest is $61.90 million. Instructure reported sales of $50.06 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 24%. The company is expected to issue its next quarterly earnings results on Monday, July 29th.
According to Zacks, analysts expect that Instructure will report full year sales of $258.42 million for the current fiscal year, with estimates ranging from $257.80 million to $258.77 million. For the next fiscal year, analysts expect that the business will post sales of $311.82 million, with estimates ranging from $305.10 million to $314.66 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Instructure.
Instructure (NYSE:INST) last posted its earnings results on Monday, April 29th. The technology company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.04). Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. The business had revenue of $58.10 million during the quarter, compared to analyst estimates of $57.24 million. During the same period in the previous year, the firm posted ($0.21) earnings per share. The firm’s revenue was up 21.0% on a year-over-year basis.
INST has been the subject of a number of research analyst reports. ValuEngine cut Instructure from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Morgan Stanley cut Instructure from an “overweight” rating to an “equal weight” rating and set a $39.50 target price for the company. in a research note on Wednesday, February 20th. They noted that the move was a valuation call. TheStreet cut Instructure from a “c” rating to a “d-” rating in a research note on Tuesday, April 30th. Berenberg Bank started coverage on Instructure in a research note on Wednesday, March 6th. They issued a “hold” rating and a $46.00 target price for the company. Finally, First Analysis cut Instructure from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $50.00 to $49.00 in a research report on Wednesday, February 20th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.88.
In related news, CFO Steven B. Kaminsky sold 1,400 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $47.65, for a total transaction of $66,710.00. Following the sale, the chief financial officer now owns 161,299 shares in the company, valued at $7,685,897.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew Kaminer sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $48.00, for a total value of $240,000.00. Following the sale, the insider now owns 32,020 shares in the company, valued at approximately $1,536,960. The disclosure for this sale can be found here. Insiders have sold 53,735 shares of company stock valued at $2,458,587 over the last ninety days. 9.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC bought a new stake in Instructure during the fourth quarter worth about $31,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Instructure by 26.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock worth $85,000 after acquiring an additional 481 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Instructure by 43.6% during the first quarter. Great West Life Assurance Co. Can now owns 4,454 shares of the technology company’s stock worth $209,000 after acquiring an additional 1,353 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Instructure during the first quarter worth about $221,000. Finally, Legal & General Group Plc raised its holdings in Instructure by 23.7% during the fourth quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock worth $226,000 after acquiring an additional 1,153 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.
NYSE:INST opened at $39.51 on Thursday. Instructure has a 1 year low of $29.48 and a 1 year high of $50.19. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -32.12 and a beta of 0.51.
Instructure Company Profile
Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for KÂ12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.
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