Instructure Inc (INST) Expected to Announce Earnings of -$0.22 Per Share

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Equities analysts expect Instructure Inc (NYSE:INST) to post earnings of ($0.22) per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Instructure’s earnings, with the highest EPS estimate coming in at ($0.16) and the lowest estimate coming in at ($0.25). Instructure reported earnings per share of ($0.24) during the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The business is expected to report its next earnings results on Monday, July 29th.

On average, analysts expect that Instructure will report full-year earnings of ($0.62) per share for the current fiscal year, with EPS estimates ranging from ($0.63) to ($0.60). For the next year, analysts forecast that the business will post earnings of ($0.32) per share, with EPS estimates ranging from ($0.50) to $0.08. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Instructure.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, April 29th. The technology company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.04). Instructure had a negative net margin of 21.74% and a negative return on equity of 38.85%. The business had revenue of $58.10 million during the quarter, compared to analyst estimates of $57.24 million. During the same quarter in the prior year, the company earned ($0.21) earnings per share. The company’s quarterly revenue was up 21.0% on a year-over-year basis.

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Instructure from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Barrington Research reaffirmed a “buy” rating and set a $50.00 target price on shares of Instructure in a report on Tuesday, April 23rd. ValuEngine raised shares of Instructure from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Finally, Berenberg Bank started coverage on shares of Instructure in a report on Wednesday, March 6th. They set a “hold” rating and a $46.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $45.88.

In related news, CFO Steven B. Kaminsky sold 8,253 shares of Instructure stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $47.54, for a total transaction of $392,347.62. Following the completion of the sale, the chief financial officer now owns 161,299 shares of the company’s stock, valued at approximately $7,668,154.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven B. Kaminsky sold 1,400 shares of Instructure 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 directly owns 161,299 shares of the company’s stock, valued at approximately $7,685,897.35. The disclosure for this sale can be found here. Insiders have sold a total of 48,735 shares of company stock valued at $2,257,137 in the last ninety days. 9.60% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC acquired a new stake in Instructure in the 4th quarter worth about $31,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Instructure by 26.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock worth $85,000 after purchasing an additional 481 shares in the last quarter. Legal & General Group Plc raised its stake in Instructure by 23.7% in the 4th quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock worth $226,000 after purchasing an additional 1,153 shares in the last quarter. Menta Capital LLC acquired a new stake in Instructure in the 4th quarter worth about $240,000. Finally, Gotham Asset Management LLC acquired a new stake in Instructure in the 4th quarter worth about $244,000. Institutional investors and hedge funds own 88.82% of the company’s stock.

NYSE INST traded up $0.16 during trading hours on Friday, hitting $42.19. The company’s stock had a trading volume of 5,857 shares, compared to its average volume of 403,252. Instructure has a twelve month low of $29.48 and a twelve month high of $50.19. The firm has a market capitalization of $1.55 billion, a P/E ratio of -34.32 and a beta of 0.48.

About Instructure

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 K–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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