Zacks: Analysts Anticipate Instructure Inc (NYSE:INST) Will Post Quarterly Sales of $62.07 Million

Wall Street analysts expect Instructure Inc (NYSE:INST) to announce $62.07 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Instructure’s earnings, with estimates ranging from $61.90 million to $62.19 million. Instructure reported sales of $50.06 million during the same quarter last year, which would suggest a positive year over year growth rate of 24%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, July 29th.

According to Zacks, analysts expect that Instructure will report full year sales of $258.54 million for the current financial year, with estimates ranging from $258.23 million to $258.77 million. For the next financial year, analysts anticipate that the firm will post sales of $313.16 million, with estimates ranging from $310.44 million to $314.66 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Instructure.

Instructure (NYSE:INST) last issued its earnings results on Monday, April 29th. The technology company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.04). The business had revenue of $58.10 million for the quarter, compared to analyst estimates of $57.24 million. Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. Instructure’s revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) earnings per share.



A number of equities analysts have commented on INST shares. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. TheStreet lowered shares of UDR from a “b” rating to a “c” rating in a research report on Tuesday, April 30th. Raymond James restated a “hold” rating and issued a $19.50 price target on shares of in a research report on Friday. Barrington Research set a $110.00 price target on shares of Woodward, Inc.Common Stock and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, ValuEngine lowered shares of Yara International ASA from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.48.

NYSE:INST traded down $1.85 on Friday, reaching $43.35. The stock had a trading volume of 851,841 shares, compared to its average volume of 290,488. The firm has a market cap of $1.64 billion, a P/E ratio of -35.24 and a beta of 0.47. Instructure has a 1-year low of $29.48 and a 1-year high of $50.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s fifty day simple moving average is $41.84.

In related news, Director Joshua L. Coates sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $40.71, for a total transaction of $407,100.00. Following the completion of the sale, the director now directly owns 5,500 shares of the company’s stock, valued at $223,905. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joshua L. Coates sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $40.29, for a total transaction of $201,450.00. Following the sale, the director now directly owns 5,500 shares of the company’s stock, valued at $221,595. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,887 shares of company stock valued at $1,945,387. Insiders own 9.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of INST. Rhumbline Advisers raised its stake in shares of Instructure by 48.4% during the fourth quarter. Rhumbline Advisers now owns 42,264 shares of the technology company’s stock worth $1,585,000 after buying an additional 13,788 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Instructure by 9.1% during the fourth quarter. New York State Common Retirement Fund now owns 133,166 shares of the technology company’s stock worth $4,995,000 after buying an additional 11,158 shares during the last quarter. BlackRock Inc. raised its stake in shares of Instructure by 5.8% during the fourth quarter. BlackRock Inc. now owns 2,198,719 shares of the technology company’s stock worth $82,474,000 after buying an additional 120,573 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Instructure by 9.0% during the fourth quarter. Bank of New York Mellon Corp now owns 132,428 shares of the technology company’s stock worth $4,968,000 after buying an additional 10,941 shares during the last quarter. Finally, Royce & Associates LP raised its stake in shares of Instructure by 25.6% during the fourth quarter. Royce & Associates LP now owns 49,000 shares of the technology company’s stock worth $1,838,000 after buying an additional 10,000 shares during the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Instructure Company Profile

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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