-$0.63 Earnings Per Share Expected for Instructure Inc (NYSE:INST) This Quarter

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Analysts expect Instructure Inc (NYSE:INST) to post ($0.63) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Instructure’s earnings. Instructure posted earnings of ($0.31) per share during the same quarter last year, which suggests a negative year over year growth rate of 103.2%. The business is scheduled to report its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Instructure will report full year earnings of ($2.25) per share for the current year, with EPS estimates ranging from ($2.26) to ($2.24). For the next financial year, analysts anticipate that the business will report earnings of ($2.06) per share, with EPS estimates ranging from ($2.14) to ($1.95). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Instructure.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, July 29th. The technology company reported ($0.58) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.65) by $0.07. Instructure had a negative return on equity of 41.15% and a negative net margin of 24.07%. The firm had revenue of $62.87 million during the quarter, compared to the consensus estimate of $62.07 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The business’s revenue was up 25.6% on a year-over-year basis.

INST has been the subject of several recent research reports. Zacks Investment Research downgraded Instructure from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Raymond James cut Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 target price on the stock. in a research note on Friday, July 12th. CIBC raised Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 target price on the stock in a research note on Monday, August 12th. Oppenheimer raised Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 target price on the stock in a research note on Monday, August 12th. Finally, William Blair reissued a “market perform” rating on shares of Instructure in a research note on Monday, August 12th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Instructure has an average rating of “Buy” and a consensus price target of $47.61.

Shares of INST stock opened at $39.37 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.28. Instructure has a fifty-two week low of $29.48 and a fifty-two week high of $50.19. The stock has a 50 day moving average price of $40.55 and a two-hundred day moving average price of $42.89.

In related news, Director Joshua L. Coates sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $44.99, for a total value of $449,900.00. Following the sale, the director now directly owns 5,500 shares of the company’s stock, valued at $247,445. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Joshua L. Coates sold 5,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $42.64, for a total value of $213,200.00. Following the completion of the sale, the director now directly owns 5,500 shares in the company, valued at $234,520. The disclosure for this sale can be found here. Insiders have sold 79,000 shares of company stock worth $3,299,860 over the last three months. Insiders own 9.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of INST. Bank of America Corp DE grew its stake in Instructure by 55.4% in the fourth quarter. Bank of America Corp DE now owns 18,876 shares of the technology company’s stock worth $709,000 after purchasing an additional 6,729 shares during the period. BNP Paribas Arbitrage SA grew its stake 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 worth $312,000 after purchasing an additional 6,602 shares during the period. Spark Investment Management LLC grew its stake in Instructure by 37.4% in the first quarter. Spark Investment Management LLC now owns 119,700 shares of the technology company’s stock worth $5,640,000 after purchasing an additional 32,600 shares during the period. Laurion Capital Management LP purchased a new stake in Instructure in the first quarter worth $928,000. Finally, New York State Common Retirement Fund grew its stake in Instructure by 1.7% in the first quarter. New York State Common Retirement Fund now owns 135,366 shares of the technology company’s stock worth $6,378,000 after purchasing an additional 2,200 shares during the period. 91.38% of the stock is currently owned by institutional investors.

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 KÂ?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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