Wall Street brokerages expect Instructure Inc (NYSE:INST) to report $62.07 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Instructure’s earnings, with the lowest sales estimate coming in at $61.90 million and the highest estimate coming in at $62.19 million. Instructure posted sales of $50.06 million during the same quarter last year, which suggests a positive year over year growth rate of 24%. The business is expected to report its next quarterly earnings report after the market closes on Monday, July 29th.
On average, analysts expect that Instructure will report full-year sales of $258.54 million for the current year, with estimates ranging from $258.23 million to $258.77 million. For the next fiscal year, analysts expect that the firm will report sales of $313.16 million, with estimates ranging from $310.44 million to $314.66 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Instructure.
Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, April 29th. The technology company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.04). Instructure had a negative return on equity of 37.56% and a negative net margin of 21.74%. The business had revenue of $58.10 million during the quarter, compared to the consensus estimate of $57.24 million. During the same period in the prior year, the firm earned ($0.21) earnings per share. The business’s revenue for the quarter was up 21.0% on a year-over-year basis.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Barrington Research set a $110.00 target price on shares of Woodward, Inc.Common Stock and gave the company a “buy” rating in a report on Tuesday, April 23rd. ValuEngine cut shares of Yara International ASA from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Finally, TheStreet cut shares of UDR from a “b” rating to a “c” rating in a research note on Tuesday, April 30th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.46.
INST traded down $0.45 during midday trading on Friday, reaching $45.17. The company’s stock had a trading volume of 25,523 shares, compared to its average volume of 364,259. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -36.72 and a beta of 0.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.39 and a quick ratio of 1.39. Instructure has a 1 year low of $29.48 and a 1 year high of $50.19. The company’s 50-day simple moving average is $41.82.
In other news, CFO Steven B. Kaminsky sold 1,401 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $47.51, for a total transaction of $66,561.51. Following the sale, the chief financial officer now owns 156,467 shares of the company’s stock, valued at $7,433,747.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven B. Kaminsky sold 2,887 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $47.55, for a total transaction of $137,276.85. Following the sale, the chief financial officer now directly owns 156,467 shares in the company, valued at approximately $7,440,005.85. The disclosure for this sale can be found here. Insiders sold 36,288 shares of company stock valued at $1,562,048 in the last three months. 9.60% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in INST. Legal & General Group Plc grew its position in shares of Instructure by 23.7% during the fourth quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock worth $226,000 after acquiring an additional 1,153 shares during the last quarter. Menta Capital LLC acquired a new stake in Instructure in the fourth quarter valued at $240,000. Gotham Asset Management LLC acquired a new stake in Instructure in the fourth quarter valued at $244,000. BNP Paribas Arbitrage SA lifted its holdings in Instructure by 73,355.6% in the first quarter. BNP Paribas Arbitrage SA now owns 6,611 shares of the technology company’s stock valued at $312,000 after acquiring an additional 6,602 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Instructure in the fourth quarter valued at $360,000. Institutional investors own 89.42% of the company’s stock.
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 KÂ12 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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