Equities analysts expect that Instructure Inc (NYSE:INST) will announce earnings per share of ($0.16) for the current quarter, Zacks reports. Five analysts have issued estimates for Instructure’s earnings. The highest EPS estimate is ($0.15) and the lowest is ($0.16). Instructure reported earnings of ($0.01) per share in the same quarter last year, which would indicate a negative year over year growth rate of 1,500%. The firm is expected to announce its next earnings report on Tuesday, February 18th.
On average, analysts expect that Instructure will report full year earnings of ($0.54) per share for the current year, with EPS estimates ranging from ($0.55) to ($0.54). For the next year, analysts forecast that the business will report earnings of ($0.41) per share, with EPS estimates ranging from ($0.57) to ($0.27). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Instructure.
Instructure (NYSE:INST) last released its quarterly earnings results on Monday, October 28th. The technology company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.08. The business had revenue of $68.30 million for the quarter, compared to analysts’ expectations of $68.08 million. Instructure had a negative return on equity of 44.38% and a negative net margin of 26.64%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.15) EPS.
A number of research firms recently weighed in on INST. CIBC upgraded Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price target on the stock in a report on Monday, August 12th. Needham & Company LLC restated a “hold” rating on shares of Instructure in a report on Monday. William Blair restated a “market perform” rating on shares of Instructure in a report on Monday, August 12th. DA Davidson restated a “buy” rating on shares of Instructure in a report on Monday, September 16th. Finally, Zacks Investment Research upgraded Instructure from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $48.63.
INST opened at $53.34 on Monday. The stock has a market cap of $2.02 billion, a P/E ratio of -43.37 and a beta of 0.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s 50 day simple moving average is $44.69 and its 200 day simple moving average is $42.08. Instructure has a 1-year low of $33.47 and a 1-year high of $54.31.
In related news, Director Joshua L. Coates sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $50.38, for a total value of $2,519,000.00. Following the sale, the director now owns 5,500 shares of the company’s stock, valued at approximately $277,090. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Matthew Kaminer sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $51.05, for a total value of $1,021,000.00. Following the completion of the sale, the insider now directly owns 61,901 shares in the company, valued at approximately $3,160,046.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 192,807 shares of company stock worth $9,229,979. 9.60% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of INST. Point72 Asset Management L.P. purchased a new position in shares of Instructure during the 2nd quarter worth $12,368,000. Nomura Holdings Inc. purchased a new position in shares of Instructure in the 2nd quarter worth $10,887,000. Tensile Capital Management LLC raised its position in shares of Instructure by 32.1% in the 2nd quarter. Tensile Capital Management LLC now owns 1,007,372 shares of the technology company’s stock worth $42,813,000 after buying an additional 245,000 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in shares of Instructure in the 2nd quarter worth $5,721,000. Finally, Nuveen Asset Management LLC purchased a new position in shares of Instructure in the 2nd quarter worth $5,108,000. 90.96% of the stock is currently owned by institutional investors.
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 KÂ-12 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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