Arco Platform (NASDAQ:ARCE – Get Rating) released its quarterly earnings data on Tuesday. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.38), Fidelity Earnings reports. Arco Platform had a negative net margin of 13.33% and a negative return on equity of 8.00%. During the same quarter in the prior year, the business posted $0.04 EPS.
Shares of Arco Platform stock traded up $0.39 during midday trading on Thursday, hitting $17.82. The company had a trading volume of 724 shares, compared to its average volume of 231,502. Arco Platform has a 12-month low of $14.60 and a 12-month high of $34.34. The company has a fifty day simple moving average of $19.10 and a 200 day simple moving average of $19.48. The company has a quick ratio of 1.36, a current ratio of 1.47 and a debt-to-equity ratio of 0.85. The stock has a market cap of $524.82 million, a price-to-earnings ratio of -32.89 and a beta of 0.74.
ARCE has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Arco Platform from a “strong sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on Arco Platform in a report on Wednesday, February 16th. They issued a “neutral” rating and a $22.00 price objective for the company.
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.
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