Trading Review: Looking at Unusual Volume for K12, Inc. (NYSE:LRN)

by Engelwood Staff August 9, 2016

Shares of K12, Inc. (NYSE:LRN) are experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $11.04 at the time of writing.  The day’s total volume of 365438 this morning is in contrast from the three-month daily average of 153.50K.  When we divide the current volume by the three-month average volume, we get a relative volume of 4.15.

The difference between yesterday’s closing price and today’s opening price was -6.86%.  

Why is this important?

Trading volume is a hugely important consideration for any investor.  By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock.  A significant increase in trading volume means that more than double the average amount of stocks are moving.  When volume is decreased significantly, it may indicate there is an issue that shareholders should watch out for.  It’s also important to take into consideration how long the unusual volume sustains for.  If it’s only the one trading day, it can be dismissed as an anomaly.

Looking Back

K12, Inc. (NYSE:LRN)‘s market capital, the total dollar value of all of their outstanding shares, is 509.09m.  Including today’s unusual volume, K12, Inc.‘s stock is performing at 45.80% on the year.  For the week, the stock is performing -1.53%.  Over the past month the firm’s stock is -1.00%, 7.18% for the last quarter, 33.09% for the past six-months and -9.77% for the last year.

Current levels places the company’s stock about -20.59% from the 50-day high and 0.16% away from the 50-day low.  

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

K12, Inc. – Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with MarketBeat.com’s FREE daily email newsletter.

K12’s (LRN) CEO Stuart Udell on Q3 2016 Results – Earnings Call Transcript

Apr. 27, 2016 10:31 AM ET

K12 Inc. (NYSE:LRN)

Q3 2016 Earnings Conference Call

April 27, 2016 08:30 AM ET

Executives

Mike Kraft – VP of Finance

Nate Davis – Executive Chairman

Stuart Udell – CEO

James Rhyu – CFO

Analysts

Jeff Silber – BMO Capital Markets

Corey Greendale – First Analysis

Operator

Greetings, and welcome to the K12 Fiscal 2016 Third Quarter Earnings Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Mike Kraft, Vice President of Finance. Please go ahead sir.

Mike Kraft

Thank you and good morning. Welcome to K12’s third quarter earnings call for fiscal year 2016. Before we begin, I would like to remind you that in addition to historical information, certain comments made during this conference call may be considered forward-looking statements, made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, and should be considered in conjunction with cautionary statements contained in our earnings release and the Company’s periodic filings with the SEC. Forward-looking statements involve risks and uncertainties that may cause actual performance or results to differ materially from those expressed or implied by such statements. In addition, this conference call contains time sensitive information that reflects management’s best analysis only as of the day of this live call. K12 does not undertake any obligation to publicly update or revise any forward-looking statements. For further information concerning risks and uncertainties that could materially affect financial and operational performance and results, please refer to our reports filed with the SEC, including without limitation, cautionary statements made in K12’s 2015 Annual Report on Form 10-K. These filings can be found on the Investor Relations section of our website at www.k12.com.

In addition to disclosing financial results in accordance with Generally Accepted Accounting Principles in the US or GAAP, we will discuss certain information that is considered non-GAAP financial information. A reconciliation of this non-GAAP financial information to the most closely comparable GAAP information was included in our earnings release and is also posted on our website. This call is open to the public and is being webcast. The call will be available for replay for 30 days. With me on today’s call is Nate Davis, Executive Chairman, Stuart Udell, Chief Executive Officer and James Rhyu, Chief Financial Officer. Following our prepared remarks, we will answer any questions you may have.

I like to now turn the call over to Stuart Udell. Stuart?

Stuart Udell

Thank you Mike, good morning and thanks for joining us on the call today. Before reviewing the results for the quarter, I just want to share how delighted I am that I came to K12. My entire career is focused on providing instructional services to kids who need the most help. I have always been a champion of school choice and educational options for students. Now, after almost 3 months on the job, I’m even further convinced that there is no better platform to do this at scale and to make a difference with kids than in K12. I’ve spent the last 75 days visiting schools, attending school board meetings, listening to customers and talking with employees to quickly gain a deep understanding of the Company’s operations, curriculum and talent. My takeaway is that the K12 team is more than just a leader in building create curriculum and technology; it’s a team of incredibly passionate and committed individuals including teachers, school administrators and support personnel who are on a mission. It’s those individuals that truly differentiate this organization and make us a true pioneer and leader in online and blended education.

K12 Inc. Celebrates National School Choice Week

K12 Inc. Celebrates National School Choice Week

K12 Inc., a company of educators, is leading the transformation to individualized learning as the nation's foremost provider of technology-powered proprietary online solutions for students in pre-kindergarten through high school.

HERNDON, Va., Jan. 26, 2015 /PRNewswire/ – This week, K12 Inc. joins parents, students, and teachers across the country in recognition of National School Choice Week.

National School Choice Week is the largest celebration of school choice in America raising awareness about the benefits of providing education options for all children and empowering parents with choice.

“We are excited to celebrate National School Choice Week,” said Nate Davis, Chairman and CEO of K12 Inc. “K12 is a company of educators with thousands of teachers and school leaders who dedicate themselves every day to putting students first. We are proud of how all of our school partnerships have expanded educational opportunities for children.”

This morning, students from Newark Prep, an innovative blended public charter school in New Jersey that uses K12's award-winning academic programs, will ring the opening bell at the New York Stock Exchange to celebrate the official start of National School Choice Week. The Newark Prep students will be joined by Andrew Campanella, President of National School Choice Week, educators from K12 Inc., and national school choice leaders.

Throughout the week over 11,000 events highlighting the importance of school choice will take place in the U.S. K12 and its school partners are participating in National School Choice Week events across the country in Arizona, California, Colorado, Florida, , South Carolina, Texas, and many other states.

K12 Inc. (NYSE: LRN), a technology-based company and leading provider of proprietary curriculum and online school programs, partners with charter schools and school districts to provide children education options using high quality digital learning programs. K12 is a company of educators with nation's largest network of K-12 online school teachers, providing instruction, academic services, and learning solutions to online and blended schools, traditional classrooms, and directly to families. More information can be found at K12.com.

For more information on Newark Prep, visit: newark-prep.k12.com

For more information on National School Choice Week, visit www.schoolchoiceweek.com.

Video – http://www.youtube.com/watch?v=yPDp1UlBGcI&feature=youtu.be

Logo – http://photos.prnewswire.com/prnh/20110113/PH29436LOGO

SOURCE K12 Inc.

RELATED LINKS

http://www.K12.com

Morning Buzz: K12 Inc , Solera Holdings | FiCo

K12 Inc (NYSE:LRN) may face some pressure in the coming sessions. The short interest has registered a change of -9.3% for the month. The total shorted shares measure up to 0.027 times the outstanding shares. Over the preceding 3 months, short interest has changed to 26.91%. The company has a short ratio of 9.13. A low ratio indicates that the short interest is still on the lower end while a high ratio represents aggressive short positions. The daily volume has averaged 96,678 shares in the last 20 days. The volume in the preceding 20 trading sessions has been calculated at 0.26% of the total outstanding shares. K12 Inc (NYSE:LRN) is a hold, according to the latest average broker rating of 2.67. The number of analysts in this rating is 6. Research Analysts at Zacks has the counter a rating of 3, which implies that investors can hold their investments in the company. It is advised that fresh investments be made in the counter only when it is undervalued.

K12’s (LRN) CEO Nate Davis on Q1 2015 Results – Earnings Call Transcript | Seeking Alpha

Operator

Greetings, and welcome to the K12 Fiscal 2015 First Quarter Earnings Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation (Operator Instructions). As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mike Kraft. Thank sir you may began.

Mike Kraft – VP, Investor Relations

Thank you, and good morning. Welcome to K12's first quarter earnings call for fiscal year 2015. Before we begin, I would like to remind you that in addition to historical information, certain comments made during this conference call may be considered forward looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and should be considered in conjunction with cautionary statements contained in our earnings release in the company’s periodic filings with the SEC.

Forward-looking statements involve risks and uncertainties that may cause actual performance or results to differ materially from those expressed or implied by such statements.

In addition, this conference call contains time sensitive information that reflects management’s best analysis only as of the day of this live call. K12 does not undertake any obligation to publicly update or revise any forward looking statements.

For further information concerning risks and uncertainties that could materially affect financial and operating performance and results, please refer to our reports filed with the SEC, including, without limitation, cautionary statements made in K12's 2014 Annual Report on Form 10-K. These filings can be found on the Investor Relations section of our website at www.k12.com. In addition to disclosing financial results in accordance with general accepted accounting principles in the U.S for GAAP, we will discuss certain information that is considered non-GAAP financial information. A reconciliation of this non-GAAP financial information to the most closely comparable GAAP information was included in our earnings release and is also posted on our website. This call is open to the public and is being webcast. The call will be available for replay for 30 days.

With me on today’s call is Nate Davis, Chief Executive Officer and Chairman, Tim Murray, President and Chief Operating Officer, and James Rhyu, Chief Financial Officer. Following our prepared remarks, we will answer any questions you may have. I’d like to turn the call over to Nate. Nate?

Nate Davis – Chief Executive Officer, Chairman

Thank you, Mike. Good morning and thanks for joining us on the call today. First let me start by highlighting a few results for the quarter. Revenue was $236.7 million of [indiscernible] year-over-year and within the range of our most recent guidance. Excluding the businesses we sold last year, revenue rose 5.2% versus last year. Revenue growth was largely driven by gains in our public school programs as well as our international and private based schools. For the last quarter, we posted operating loss of $13.2 million compared to an operating loss of $8.5 million in the prior year. Operating losses in the first quarter relate to seasonality of SG&A cost at the beginning of the every school year, which is largely driven by enrollment center and promotional expenses. Importantly, our release this morning provides more details on our new disclosure, including trends from the prior fiscal year for our Managed and Non-managed Programs, as well as our institutional software revenues. James Rhyu will be providing insight on our financials after Tim Murray provides highlight on operations.

SA Transcripts, Recent earnings call transcripts (18,135 clicks)

We cover over 5K calls/quarter

Profile| Send Message| Follow (1,710)

K12's CEO Discusses F3Q 2014 Results – Earnings Call Transcript

Apr. 29, 2014 2:44 PM ET | About: LRN

K12 Inc. (LRN) F3Q 2014 Earnings Conference Call April 29, 2014 8:30 AM ET

Operator

Good day, ladies and gentlemen and welcome to the K12 Third Quarter Earnings Conference Call. My name is Wanda, and I will be your coordinator for today. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.

I would now like to turn the conference over to your host, Mr. Mike Kraft, President of Investor Relations. Please proceed sir.

Mike Kraft – Vice President, Investor Relations

Thank you, and good morning. Welcome to K12’s third quarter fiscal 2014 earnings conference call. Before we begin, the company would like to remind you that the statements made during this conference call that are not historical facts maybe considered forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially early from those expressed or implied. In addition, this conference call contains time-sensitive information that reflects management’s best analysis only as of the day of this live call. K12 does not undertake any obligation to publicly update or revise any forward-looking statements.

For further information concerning issues that could materially affect financial performance related to forward-looking statements, please refer to our filings with the SEC. These files can be found on the Investor Relations section of our website at www.k12.com.

In addition to disclosing results in accordance with Generally Accepted Accounting Principles in the U.S., or GAAP, we will discuss certain information that is considered non-GAAP financial information. A reconciliation of this non-GAAP financial information to the most closely comparable GAAP information was included in our earnings release and is also posted on our website. This call is open to the public and is being webcast. The call will be available for replay on our website for 60 days.

With me on today’s call is Nate Davis, Chief Executive Officer and Chairman; Tim Murray, President and Chief Operating Officer; and James Rhyu, Chief Financial Officer. Following our prepared remarks, we will answer any questions you may have. I’d like to turn the call over to Nate. Nate?

Nate Davis – Chairman and Chief Executive Officer

Good morning, everyone and thanks for joining us on the call today. As you saw in our release this morning, we delivered solid results for the third quarter. Revenue was $235.2 million increasing 7.9% year-over-year and our operating income was $27.4 million increasing 41.2% year-over-year. Both revenue and operating income are well within the line, in line with the guidance that we provided last quarter.

This performance is a result of our strategy that were better balanced between growth and profitability. To get this balance we need to be still more disciplined in the assignment of resources, but I want to be clear that we will continue to invest in the content, systems and tool as our students and teachers need. We won’t slow down our investment in a better curriculum and better systems. Going forward, we believe our growth will come from increasing enrollment in our current schools, developing new counties as we announced last quarter with the two new public charter schools in Florida and by opening new schools within our current state footprint. While I also believe we will see growth in new states, it will not be at the pace you have seen in previous years.

  • Single page view

page 1 / 5

| Next »

This transcript was sent to 468 people who get email alerts on LRN.

Get email alerts on LRN

About this transcript

Emailed to: 468 people who get LRN real-time alerts and 24,558 people who get Today's Transcripts daily.

Seeking Alpha's Earnings Center – Broad coverage. Powerful search.

And it's free… Why are you paying for something less good?

K12 Inc. (LRN) Has Broken Out To A New High On Q4 Results

(RTTNews.com) – K12 Inc. ( LRN ) reported fourth quarter EPS of $0.06 Thursday morning, compared to $0.05 in the previous year. The consensus estimate was for EPS of $0.03.

K12 gapped open higher Thursday and has risen sharply on above average volume. The stock is now up 3.69 at $35.65 and has surged to a new high for the year.

For comments and feedback: contact editorial@rttnews.com

http://www.rttnews.com

K12 Management Discusses Q3 2013 Results – Earnings Call Transcript

May 3 2013, 15:10 | about: LRN

K12 (LRN ) Q3 2013 Earnings Call May 3, 2013 8:30 AM ET

Operator

Good day, ladies and gentlemen, and welcome to the Q3 2013 K12 Inc. Earnings Conference Call. My name is Catherine, and I will be your operator for today. [Operator Instructions] As a reminder, this call is being recorded for replay purposes. I would like to turn the call over to Christi Parker, Vice President of Investor Relations. Please proceed, ma’am.

Christina L. Parker Vice President of Investor Relations

Thank you, and good morning. Welcome to K12’s Third Quarter Fiscal 2013 Earnings Conference Call. Before we begin, the company would like to remind you that statements made during this conference call that are not historical facts may be considered forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied.

In addition, this conference call contains time-sensitive information that reflects management’s best analysis only as of the day of this live call. K12 does not undertake any obligation to publicly update or revise any forward-looking statements.

For further information concerning issues that could materially affect financial performance related to forward-looking statements, please refer to our filings with the SEC. These filings can be found on the Investor Relations section of our website at www.k12.com.

In addition to disclosing results in accordance with generally accepted accounting principles in the U.S., or GAAP, we will discuss certain information that is considered non-GAAP financial information. A reconciliation of this non-GAAP financial information to the most closely comparable GAAP information was included in our earnings release and is also posted on our website. This call is open to the public and is being webcast. The call will be available for replay on our website for 60 days.

With me on today’s call is Nate Davis, Executive Chairman; Ron Packard, Founder and Chief Executive Officer; Tim Murray, President and Chief Operating Officer; and Harry Hawks, Chief Financial Officer. Following our prepared remarks, we will answer any questions you may have. I would now like to turn the call over to Nate.

Nathaniel Alonzo Davis – Executive Chairman, Member of Audit Committee and Member of Compensation Committee

Good morning. Thank you for joining us today. Since joining the executive team, I’ve gained a deep perspective and understanding of our strengths and our challenges as a company leading the transformation to online education solutions for students in Pre-K to high school. As the industry leader, K12 often takes the brunt of assaults for online education as our integrity and our effectiveness are sometimes questioned. This is to be expected. But I’m very proud of our employees, their resolve and all that we accomplished even in the face of these challenges. This quarter highlighted 2 important examples of the real truth about K12 and what we stand for and what we believe in.

In early March, we announced that after reviewing more than 1 million pages of discovery, the lead plaintiff in a class-action lawsuit against the company, voluntarily and permanently dismissed the claims it made about the academic performance and educational quality of K12 Managed Schools, a very powerful indication [ph] of the company. And just last week, the draft reported the Florida Department of Education’s Office of Inspector General conclusively established that the primary allegations made by Seminole County Public Schools were unsubstantiated. K12 did not implement a system to intentionally avoid Florida’s teacher certification requirements. And that report found only a few record-keeping and reporting errors. We’ve already improved and implemented changes in our student data management system and teacher-training procedures to make improvements.