-$0.14 Earnings Per Share Expected for Pluralsight Inc (NASDAQ:PS) This Quarter

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Equities analysts expect Pluralsight Inc (NASDAQ:PS) to post earnings per share of ($0.14) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Pluralsight’s earnings, with estimates ranging from ($0.15) to ($0.13). Pluralsight posted earnings of ($0.09) per share during the same quarter last year, which would suggest a negative year over year growth rate of 55.6%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 12th.

On average, analysts expect that Pluralsight will report full year earnings of ($0.36) per share for the current year, with EPS estimates ranging from ($0.37) to ($0.35). For the next financial year, analysts expect that the company will post earnings of ($0.51) per share, with EPS estimates ranging from ($0.69) to ($0.39). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Pluralsight.

Pluralsight (NASDAQ:PS) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. Pluralsight had a negative return on equity of 46.91% and a negative net margin of 32.59%. The company had revenue of $82.60 million during the quarter, compared to analysts’ expectations of $79.83 million. During the same period last year, the business posted ($0.10) earnings per share. The firm’s revenue was up 34.1% compared to the same quarter last year.

PS has been the subject of several research analyst reports. KeyCorp reduced their price objective on Pluralsight from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Barrington Research set a $30.00 price objective on Pluralsight and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Berenberg Bank initiated coverage on Pluralsight in a research note on Wednesday, September 18th. They issued a “buy” rating and a $24.00 price objective for the company. Needham & Company LLC reduced their price objective on Pluralsight from $36.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Zacks Investment Research upgraded Pluralsight from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Pluralsight has an average rating of “Buy” and an average price target of $26.11.

In related news, insider Frederick Onion purchased 30,000 shares of Pluralsight stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average cost of $17.19 per share, for a total transaction of $515,700.00. Also, Director Gary L. Crittenden purchased 14,600 shares of Pluralsight stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $17.11 per share, with a total value of $249,806.00. Company insiders own 23.19% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Quantamental Technologies LLC purchased a new position in Pluralsight during the second quarter valued at approximately $31,000. Daiwa Securities Group Inc. grew its holdings in Pluralsight by 46.6% in the third quarter. Daiwa Securities Group Inc. now owns 1,950 shares of the company’s stock valued at $33,000 after purchasing an additional 620 shares during the period. TCI Wealth Advisors Inc. grew its holdings in Pluralsight by 121.5% in the third quarter. TCI Wealth Advisors Inc. now owns 2,268 shares of the company’s stock valued at $38,000 after purchasing an additional 1,244 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Pluralsight by 530.3% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,645 shares of the company’s stock valued at $50,000 after purchasing an additional 1,384 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Pluralsight by 43.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,940 shares of the company’s stock valued at $66,000 after purchasing an additional 1,188 shares during the period. Institutional investors own 82.23% of the company’s stock.

Pluralsight stock opened at $16.99 on Thursday. Pluralsight has a one year low of $14.84 and a one year high of $35.70. The stock has a market cap of $2.34 billion, a PE ratio of -11.64 and a beta of 2.30. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a 50-day moving average of $17.40 and a two-hundred day moving average of $22.81.

About Pluralsight

Pluralsight, Inc provides a technology skill development solutions worldwide. Its cloud-based technology skills platform offers a range of tools, including skill and role assessment tool, which uses machine learning and advanced algorithms to measure a user's skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include a digital ecosystem of thousands of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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