K12 Inc. (LRN) Releases Quarterly Earnings Results

Posted by Andrew Walz on Aug 9th, 2016 // 0 Comments

K12 Inc. (NYSE:LRN) announced its quarterly earnings results on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.04. The business earned $221.30 million during the quarter, compared to the consensus estimate of $210.13 million. During the same period in the prior year, the business earned $0.18 EPS. K12’s quarterly revenue was down 6.1% on a year-over-year basis.

K12 (NYSE:LRN) opened at 12.83 on Tuesday. The company’s market capitalization is $481.02 million. The company’s 50 day moving average price is $12.70 and its 200-day moving average price is $11.13. K12 has a 12-month low of $7.11 and a 12-month high of $15.00.

Several equities research analysts have issued reports on LRN shares. Barrington Research restated a “market perform” rating on shares of K12 in a report on Friday, July 15th. TheStreet upgraded K12 from a “sell” rating to a “hold” rating in a report on Friday, July 8th.

K12 Inc (K12) is a technology-based education company. The Company offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a range of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.

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K12 Inc. (NYSE:LRN) Reports Bad News, But Blames Contract Changes

0

The management of K12 Inc. (NYSE:LRN) has attempted to explain why its headline result for F3Q2016 couldn’t match a similar quarter last year: changes in a major client account. Revenue in F3Q2016 as well as in the nine months to March 2016 fell compared to a similar period a year earlier because of the same reason.

The affected client account was that of Agora Cyber Charter School. K12 Inc. (NYSE:LRN) said that contracted moved to Non-managed from Managed program, thus causing revenue disruption.

What was the report for 1Q?

K12 Inc. (NYSE:LRN)’s F3Q2016 revenue of $221.3 million marked a pullback from $224.6 million in a similar quarter a year ago. Non-GAAP EBITDA of $36.7 million also fell from $45.2 million in the previous year.

Almost all of K12’s key financial metrics fell in the latest quarter compared to a year ago because operating income of $19.1 million was down from $27.4 million in 1Q2015. Net income attributable to common shareholders contracted to $14.3 million from $17 million and diluted EPS attributable to common shareholders shrunk to $0.37 from $0.45.

What about the nine months to end of March?

The narrative was largely the same. Revenue of $651.4 million in the first nine months of F2016 was down from $712.6 million in the first nine months of F2015. Non-GAAP EBITDA of $64 million pulled back from $87 million and operating income of $13.4 million sharply down from $34.7 million.

K12 Inc. (NYSE:LRN) further reported that net income attributable to common shareholders of $10 million was down from $22.6 million in the initial nine months of F2015. The same story went for diluted EPS attributable to shareholders that came in at $0.26 relative to $0.60 in the initial nine months of F2015.

Performance in line with expectations

Despite the pullback in both the results of F3Q2016 and the first nine months of F2015, CEO, Stuart Udell, insisted that the company continues to achieve results according to its guidance for the year. Perhaps that is another way of saying that the transition of the Agora Cyber Charter School contract was expected and had been baked in the projections for the year.

What about the future?

For F4Q2016, K12 Inc. (NYSE:LRN) is looking for revenue in the band of $205 to $215 million. Operating income for the quarter is expected to be between $5 million and $9 million.

K12 Inc (NYSE:LRN) Reported Basic Consolidated EPS Of $0.2498

April 21, 2016 1:55 pm

The yearly basic consolidated EPS for K12 Inc (NYSE:LRN) for the period ended 2015-06-30 was $0.2498. For the quarter ended 2015-06-30, the basis consolidated EPS was $0.2498.

EPS from continuing operations

The basic EPS from continuing operations as reported by K12 Inc (NYSE:LRN) for the period ended 2015-06-30 was $0.2498. For the quarter ended 2015-06-30, the respective number stood at $0.2498.

For any stock there may be numerous brokerage analysts tracking the company and releasing EPS projections. For over 20 years, Zacks has been following individual sell-side analyst projections and setting consensus EPS targets. The consensus projection is the mean of all the current projections made available by brokerages. Consensus estimates are considerably advantageous because they mitigate the risk of any single market analyst making an inaccurate forecast.

EPS contribution from parent

For the annual period closed 2015-06-30, K12 Inc (NYSE:LRN) received basic EPS of $0.2943 from its parent firm. On quarterly basis, the contribution from the parent firm for the period ended 2015-06-30 was $0.2943.

Basic net EPS

For the annual period closed 2015-06-30, K12 Inc (NYSE:LRN) posted basic net EPS of $0.29. On quarterly basis, the firm’s basic net per-share earnings for the quarter closed 2015-06-30 stood at $0.29.

Consolidated diluted EPS

The annual consolidated diluted per-share earnings reading for the period closed 2015-06-30 stood at $0.2479. For the quarter ended 2015-06-30, consolidated diluted EPS was $0.2479.

Basic diluted EPS

For the period ended 2015-06-30, diluted EPS number from continuing operation was $0.2479. For the quarter ended 2015-06-30, the respective number stood at $0.2479.

Net diluted EPS

Net diluted EPS number for the annual period closed 2015-06-30 was $0.29. For the quarter ended 2015-06-30, net diluted EPS was $0.29.

Diluted EPS from parent

From the parent company, K12 Inc (NYSE:LRN) obtained diluted EPS of $0.292 for the period ended 2015-06-30. On quarterly basis, the diluted EPS payment from the parent firm for the quarter ended 2015-06-30 was $0.292.

K12 Inc (NYSE:LRN) posted net basic EPS of $0.29 for the annual period closed 2015-06-30. For the quarter, this basic net EPS came at $0.29 for the quarter closed 2015-06-30.

The average basic shares outstanding for the fiscal ended 2015-06-30 is 37.331 while for the quarter closed 2015-06-30 is 37.331.

The diluted shares outstanding for the twelve-monthly period ended 2015-06-30 is 37.625 while for the quarter closed 2015-06-30 is 37.625.

Author: Enterprise Staff

K12 Inc (NYSE:LRN) Institutional Investors Quarterly Sentiment

Sentiment for K12 Inc (NYSE:LRN)

K12 Inc (NYSE:LRN) institutional sentiment decreased to 1.08 in 2015 Q3. Its down -0.12, from 1.2 in 2015Q2. The ratio is negative, as 73 investment professionals increased and started new positions, while 61 sold and reduced their stakes in K12 Inc. The investment professionals in our partner’s database now have: 29.54 million shares, down from 29.55 million shares in 2015Q2. Also, the number of investment professionals holding K12 Inc in their top 10 positions increased from 1 to 2 for an increase of 1. Sold All: 17 Reduced: 44 Increased: 51 New Position: 22.

K12 Inc. is a technology-based education company. The company has a market cap of $383.08 million. The Firm offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It has 339.36 P/E ratio. It provides a range of technology educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.

The stock closed at $9.95 during the last session. It is down 22.57% since August 27, 2015 and is downtrending. It has underperformed by 26.52% the S&P500.

Analysts await K12 Inc. (NYSE:LRN) to reports earnings on April, 26. They expect $0.31 EPS, down 31.11% or $0.14 from last year’s $0.45 per share. LRN’s profit will be $11.94M for 8.02 P/E if the $0.31 EPS becomes reality. After $0.23 actual EPS reported by K12 Inc. for the previous quarter, Wall Street now forecasts 34.78% EPS growth.

According to Zacks Investment Research, “K12 Inc., a technology-based education company, is a leading national provider of proprietary curriculum and educational services created for online delivery to students in kindergarten through 12th grade, or K-12. Its mission is to maximize a child’s potential by providing access to an engaging and effective education, regardless of geographic location or socio-economic background.”

Technology Crossover Management Vii Ltd. holds 3.28% of its portfolio in K12 Inc. for 4.00 million shares. Kestrel Investment Management Corp owns 390,700 shares or 1.69% of their US portfolio. Moreover, Highland Capital Management Lp has 1.07% invested in the company for 2.94 million shares. The Pennsylvania-based Tfs Capital Llc has invested 0.61% in the stock. Globeflex Capital L P, a California-based fund reported 155,935 shares.#img1#

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K12 Inc. – (NYSE:LRN)

A Reversal for K12 Inc. Is Not Near. The Stock Declines Again

The stock of K12 Inc. (NYSE:LRN) is a huge mover today! The stock decreased 3.00% or $0.3 on February 17, hitting $9.69. About 419,732 shares traded hands or 102.68% up from the average. K12 Inc. (NYSE:LRN) has declined 27.61% since July 13, 2015 and is downtrending. It has underperformed by 17.89% the S&P500.
The move comes after 5 months negative chart setup for the $385.28M company. It was reported on Feb, 17 by Barchart.com. We have $8.53 PT which if reached, will make NYSE:LRN worth $46.23 million less.

Analysts await K12 Inc. (NYSE:LRN) to reports earnings on April, 26. They expect $0.31 earnings per share, down 31.11% or $0.14 from last year’s $0.45 per share. LRN’s profit will be $12.33 million for 7.81 P/E if the $0.31 EPS becomes reality. After $0.23 actual earnings per share reported by K12 Inc. for the previous quarter, Wall Street now forecasts 34.78% EPS growth.

According to Zacks Investment Research, “K12 Inc., a technology-based education company, is a leading national provider of proprietary curriculum and educational services created for online delivery to students in kindergarten through 12th grade, or K-12. Its mission is to maximize a child’s potential by providing access to an engaging and effective education, regardless of geographic location or socio-economic background.”

The institutional sentiment increased to 1.2 in 2015 Q3. Its up 0.05, from 1.15 in 2015Q2. The ratio increased, as 17 funds sold all K12 Inc. shares owned while 44 reduced positions. 22 funds bought stakes while 51 increased positions. They now own 29.54 million shares or 0.02% less from 29.55 million shares in 2015Q2.

Technology Crossover Management Vii Ltd. holds 3.28% of its portfolio in K12 Inc. for 4.00 million shares. Kestrel Investment Management Corp owns 390,700 shares or 1.69% of their US portfolio. Moreover, Highland Capital Management Lp has 1.07% invested in the company for 2.94 million shares. The Pennsylvania-based Tfs Capital Llc has invested 0.61% in the stock. Globeflex Capital L P, a California-based fund reported 155,935 shares.

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K12 Inc. – (NYSE:LRN)

K12 Inc. (LRN) Shares Bought by Acadian Asset Management

Acadian Asset Management increased its position in shares of K12 Inc. (NYSE:LRN) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 813,788 shares of the company’s stock after buying an additional 11,120 shares during the period. Acadian Asset Management’s holdings in K12 were worth $7,160,000 as of its most recent SEC filing.

K12 Inc. (NYSE:LRN) traded up 4.26% during mid-day trading on Friday, reaching $9.80. 145,984 shares of the company’s stock traded hands. K12 Inc. has a 1-year low of $7.11 and a 1-year high of $17.71. The stock has a market cap of $366.18 million and a P/E ratio of 316.13. The firm has a 50-day moving average price of $8.66 and a 200-day moving average price of $11.12.

K12 (NYSE:LRN) last issued its earnings results on Thursday, January 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. During the same period last year, the business posted $0.33 EPS. The business earned $208.80 million during the quarter, compared to the consensus estimate of $211.54 million. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities research analysts anticipate that K12 Inc. will post $0.34 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of K12 from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Thursday, October 22nd.

K12 Inc (NYSE:LRN) is a technology-based education company. The Company offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12).

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K12 Inc (NYSE:LRN) Expected to Report $-0.26 Per Share

Oct 12, 2015
Markets Staff

All eyes will be on K12 Inc (NYSE:LRN) when the firm issues their quarterly earnings report, which is expected to go out this week. Analysts on Wall Street, on a consensus basis, are expecting the firm to report earnings of $-0.26 per share for the fiscal quarter. In comparing to last quarter, K12 Inc posted EPS of $0.18 for the period which ended on 2015-06-30.

Investors will be paying particularly close attention to how the expected EPS consensus number compares to the actual reported EPS. If the actual greatly differs from the consensus estimate, then a sharp price movement is likely in the days following the report. Last quarter the firm posted a surprise factor of 100. Before the earnings announcement, the standard deviation for the earnings per share estimates was 0.

Now taking a look at where research firms see the stock heading short term, the analyst consensus price target for K12 Inc (NYSE:LRN) is currently at $N/A. There are N/A analysts in total total that contribute to the Zacks consensus target. The most bearish price target has the stock at $N/A within the year. The most bullish analyst price target sees the stock at $N/A.

K12 Inc (NYSE:LRN) has an average broker recommendation of 2. This is based on a scale of 1 to 5 where a 1 would constitute a strong buy and 5 represents a strong sell recommendation. This number is based on the average of N/A brokers polled by Zacks Research. Comparatively, the stock had a rating of 2 three months ago.

$-0.26 EPS Expected for K12 Inc (NYSE:LRN) in Quarter

Sep 15, 2015
Markets Staff

Analysts on the Street are predicting that K12 Inc (NYSE:LRN) will report earnings of $-0.26 per share for the current fiscal quarter. This figure is representative of the total sell-side analysts polled by Zack’s Research covering the equity. Most recently K12 Inc (NYSE:LRN) reported earnings per share of $0.18 for the fiscal period ended on 2015-06-30.

The actual reported number was 0.09 away from the consensus mean at the time of the release, or a surprise factor of 100%.

In total, brokerage analysts polled by Zack’s have a consensus target price of $N/A on the name. This is the mean one year estimate based on the N/A polled research firms covering the equity. The latest revision which was taken into account in the consensus was posted on N/A.

The average broker recommendation (ABR) is an arithmetical calculation of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. Ratings are scaled on a 1 to 5 scale where 5 represents a Strong Sell and 1 represents a Strong Buy. K12 Inc (NYSE:LRN) currently has an ABR of 2 based on N/A research analysts providing projections. Of this group, the broker that sees the biggest upside to the current stock price sees it reaching $N/A within the next 12 months. The most bearish analyst has the price target set at $N/A for the same one year time frame.

Looking further ahead at the long term growth projections for the company, analysts are anticipating earnings per share of $N/A for the current year. The analyst with the most positive view is estimating earnings per share of $N/A, while the most bearish is estimating EPS of $N/A for the year.

$-0.26 EPS Expected for K12 Inc (NYSE:LRN) in Quarter

Sep 15, 2015 Markets Staff

Analysts on the Street are predicting that K12 Inc (NYSE:LRN) will report earnings of $-0.26 per share for the current fiscal quarter. This figure is representative of the total sell-side analysts polled by Zack’s Research covering the equity. Most recently K12 Inc (NYSE:LRN) reported earnings per share of $0.18 for the fiscal period ended on 2015-06-30.

The actual reported number was 0.09 away from the consensus mean at the time of the release, or a surprise factor of 100%.

In total, brokerage analysts polled by Zack’s have a consensus target price of $N/A on the name. This is the mean one year estimate based on the N/A polled research firms covering the equity. The latest revision which was taken into account in the consensus was posted on N/A.

The average broker recommendation (ABR) is an arithmetical calculation of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. Ratings are scaled on a 1 to 5 scale where 5 represents a Strong Sell and 1 represents a Strong Buy. K12 Inc (NYSE:LRN) currently has an ABR of 2 based on N/A research analysts providing projections. Of this group, the broker that sees the biggest upside to the current stock price sees it reaching $N/A within the next 12 months. The most bearish analyst has the price target set at $N/A for the same one year time frame.

Looking further ahead at the long term growth projections for the company, analysts are anticipating earnings per share of $N/A for the current year. The analyst with the most positive view is estimating earnings per share of $N/A, while the most bearish is estimating EPS of $N/A for the year.

Form 4 K12 INC For: Aug 14 Filed by: FUTRELL MARY H

ArticleStock Quotes (1)Comments (0)

August 18, 2015 7:03 PM EDT

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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP



Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934

or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *

FUTRELL MARY H

(Last) (First) (Middle)
2300 CORPORATE PARK DRIVE
SUITE 200

(Street)

HERNDON VA 20171

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol

K12 INC [ LRN ]
5. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)

08/14/2015
4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I – Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/14/2015 M 1,000 (1) A $ 13.66 24,547 D
Table II – Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 13.66 08/14/2015 M 1,000 08/14/2011 08/14/2015 Common Stock 1,000 $ 0 0 D
Explanation of Responses:
1. Represents the number of shares acquired through the option exercise reported in Table II at the exercise price of $13.66.
/s/ John C. Grothaus, attorney-in-fact 08/18/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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