Pearson (NYSE:PSO – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.17), FiscalAI reports. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $2.35 billion.
Pearson Trading Down 2.8%
PSO traded down $0.49 during trading on Friday, hitting $16.91. 1,155,851 shares of the company’s stock traded hands, compared to its average volume of 1,034,420. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.94 and a current ratio of 2.00. Pearson has a 12-month low of $12.02 and a 12-month high of $17.75. The company’s 50 day simple moving average is $15.92 and its two-hundred day simple moving average is $14.31.
Analyst Ratings Changes
Several brokerages have commented on PSO. Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings upgraded shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pearson in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
Hedge Funds Weigh In On Pearson
Several hedge funds and other institutional investors have recently modified their holdings of PSO. Morgan Stanley grew its stake in shares of Pearson by 34.4% during the 4th quarter. Morgan Stanley now owns 3,971,424 shares of the company’s stock valued at $55,759,000 after purchasing an additional 1,015,739 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Pearson by 13.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,250,970 shares of the company’s stock valued at $31,604,000 after purchasing an additional 266,782 shares during the period. Invesco Ltd. lifted its position in shares of Pearson by 32.1% in the fourth quarter. Invesco Ltd. now owns 1,122,325 shares of the company’s stock valued at $15,757,000 after acquiring an additional 272,995 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Pearson by 12.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 790,929 shares of the company’s stock worth $11,200,000 after purchasing an additional 90,027 shares during the period. Finally, Millennium Management LLC purchased a new position in Pearson during the first quarter valued at $11,546,000. 2.14% of the stock is owned by institutional investors.
Pearson Company Profile
Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.
Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.
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