Skillsoft (NYSE:SKIL) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Skillsoft (NYSE:SKIL) posted its earnings results on Tuesday. The company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.01), FiscalAI reports. Skillsoft had a positive return on equity of 40.31% and a negative net margin of 26.02%.The firm had revenue of $130.65 million for the quarter, compared to the consensus estimate of $130.15 million.

Skillsoft Price Performance

Shares of NYSE SKIL traded down $0.06 during trading hours on Tuesday, reaching $4.37. 194,031 shares of the stock traded hands, compared to its average volume of 171,633. The company’s 50-day simple moving average is $5.33 and its two-hundred day simple moving average is $8.92. The company has a market capitalization of $38.24 million, a P/E ratio of -0.28, a price-to-earnings-growth ratio of 0.13 and a beta of 1.74. Skillsoft has a 52-week low of $3.43 and a 52-week high of $24.01. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 142.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in shares of Skillsoft by 330.0% in the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock worth $42,000 after acquiring an additional 1,343 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Skillsoft by 20.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock valued at $180,000 after purchasing an additional 1,593 shares during the last quarter. JPMorgan Chase & Co. raised its position in Skillsoft by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,174 shares of the company’s stock worth $406,000 after purchasing an additional 1,772 shares during the period. Vanguard Group Inc. raised its position in Skillsoft by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 257,767 shares of the company’s stock worth $3,356,000 after purchasing an additional 1,841 shares during the period. Finally, State Street Corp lifted its stake in Skillsoft by 4.2% in the fourth quarter. State Street Corp now owns 56,560 shares of the company’s stock worth $526,000 after purchasing an additional 2,289 shares during the last quarter. 87.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SKIL. Wall Street Zen lowered shares of Skillsoft from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Skillsoft in a research report on Friday, March 27th. Finally, Zacks Research lowered Skillsoft from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Skillsoft presently has a consensus rating of “Reduce”.

Skillsoft Company Profile

Skillsoft (NYSE: SKIL) is a leading provider of corporate digital learning solutions designed to help organizations develop skills and drive performance. The company offers a range of cloud-based learning platforms and content libraries that cover technical training, leadership development, compliance, and productivity applications. Skillsoft’s flagship platform, Percipio, delivers micro-learning modules, video tutorials, books and audiobooks, hands-on labs and simulations, and practice assessments within a unified interface that can be accessed on desktop or mobile devices.

Skillsoft’s content spans IT certification preparation, software development, cloud computing, cybersecurity, project management, and a variety of professional skills such as communication, management and sales.