Instructure (NYSE:INST) Issues Q3 2019 Earnings Guidance

Instructure (NYSE:INST) issued an update on its third quarter 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $-0.2–0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.17. The company issued revenue guidance of $67.7-68.3 million, compared to the consensus revenue estimate of $68.09 million.Instructure also updated its FY 2019 guidance to $-0.65–0.58 EPS.

Shares of NYSE:INST traded up $0.49 during midday trading on Wednesday, reaching $39.74. 12,719 shares of the company were exchanged, compared to its average volume of 391,180. Instructure has a fifty-two week low of $29.48 and a fifty-two week high of $50.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s fifty day moving average price is $41.60. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -32.11 and a beta of 0.48.

Instructure (NYSE:INST) last issued its quarterly earnings data on Monday, July 29th. The technology company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.07. Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. The business had revenue of $62.87 million for the quarter, compared to analyst estimates of $62.07 million. During the same period last year, the business posted ($0.24) earnings per share. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. As a group, analysts expect that Instructure will post -2.26 earnings per share for the current year.

A number of brokerages have recently commented on INST. Raymond James set a $19.00 price objective on shares of Patterson-UTI Energy and gave the company a buy rating in a research report on Friday, July 12th. Zacks Investment Research downgraded shares of H&E Equipment Services from a hold rating to a sell rating in a research report on Wednesday, July 17th. Barrington Research set a $110.00 price objective on shares of Woodward, Inc.Common Stock and gave the company a buy rating in a research report on Tuesday, April 23rd. Needham & Company LLC decreased their price objective on shares of SS&C Technologies to $65.00 and set a strong-buy rating for the company in a research report on Tuesday. Finally, TheStreet downgraded shares of UDR from a b rating to a c rating in a research report on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $45.88.

In other news, CFO Steven B. Kaminsky sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $41.50, for a total transaction of $830,000.00. Following the completion of the sale, the chief financial officer now owns 181,617 shares in the company, valued at approximately $7,537,105.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Matthew Kaminer sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $40.73, for a total transaction of $81,460.00. Following the sale, the insider now owns 36,075 shares of the company’s stock, valued at approximately $1,469,334.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,000 shares of company stock valued at $2,612,410. 9.60% of the stock is currently owned by corporate insiders.

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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Earnings History and Estimates for Instructure (NYSE:INST)

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