Arco Platform (ARCE) to Release Quarterly Earnings on Tuesday

Arco Platform (NASDAQ:ARCEGet Rating) will be posting its quarterly earnings results after the market closes on Tuesday, May 24th. Analysts expect Arco Platform to post earnings of $0.26 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Arco Platform (NASDAQ:ARCEGet Rating) last announced its quarterly earnings results on Thursday, March 31st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.30). Arco Platform had a negative net margin of 13.33% and a negative return on equity of 8.00%. The company had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $73.85 million. During the same quarter in the prior year, the business earned $0.08 EPS. On average, analysts expect Arco Platform to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Arco Platform stock opened at $15.28 on Monday. The company has a 50-day moving average of $19.18 and a two-hundred day moving average of $19.53. Arco Platform has a 12-month low of $14.96 and a 12-month high of $34.34. The company has a current ratio of 1.47, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. The stock has a market cap of $450.01 million, a PE ratio of -28.83 and a beta of 0.74.

Several analysts have commented on ARCE shares. Zacks Investment Research cut shares of Arco Platform from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 19th. JPMorgan Chase & Co. began coverage on shares of Arco Platform in a research note on Wednesday, February 16th. They issued a “neutral” rating and a $22.00 target price on the stock.

Several institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in shares of Arco Platform during the second quarter worth approximately $588,000. Morgan Stanley lifted its holdings in shares of Arco Platform by 71.4% during the 3rd quarter. Morgan Stanley now owns 37,957 shares of the company’s stock valued at $824,000 after purchasing an additional 15,806 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Arco Platform during the fourth quarter worth about $210,000. Cubist Systematic Strategies LLC raised its holdings in shares of Arco Platform by 26.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 32,568 shares of the company’s stock valued at $680,000 after purchasing an additional 6,786 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Arco Platform by 0.3% during the first quarter. JPMorgan Chase & Co. now owns 443,953 shares of the company’s stock worth $9,368,000 after purchasing an additional 1,527 shares during the period.

About Arco Platform (Get Rating)

Arco Platform Limited, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The company's curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform.

Featured Stories

Earnings History for Arco Platform (NASDAQ:ARCE)

Receive News & Ratings for Arco Platform Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arco Platform and related companies with MarketBeat.com's FREE daily email newsletter.