Pearson (NYSE:PSO) Posts Earnings Results, Misses Estimates By $0.17 EPS

Pearson (NYSE:PSO) posted its earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.17), FiscalAI reports. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $2.35 billion.

Pearson Stock Performance

Shares of PSO stock traded down $0.47 during trading on Friday, reaching $16.93. The company’s stock had a trading volume of 1,292,738 shares, compared to its average volume of 1,035,506. The stock’s 50-day moving average price is $15.92 and its 200 day moving average price is $14.31. Pearson has a 1-year low of $12.02 and a 1-year high of $17.75. The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.39.

Wall Street Analyst Weigh In

A number of brokerages have commented on PSO. Weiss Ratings raised Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Pearson in a report on Tuesday, July 14th. Finally, Wall Street Zen downgraded Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Pearson

Institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley boosted its stake in shares of Pearson by 34.4% during the fourth quarter. Morgan Stanley now owns 3,971,424 shares of the company’s stock worth $55,759,000 after buying an additional 1,015,739 shares during the period. Goldman Sachs Group Inc. grew its position in Pearson by 13.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,250,970 shares of the company’s stock valued at $31,604,000 after buying an additional 266,782 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Pearson by 32.1% in the 4th quarter. Invesco Ltd. now owns 1,122,325 shares of the company’s stock worth $15,757,000 after acquiring an additional 272,995 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Pearson by 12.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 790,929 shares of the company’s stock worth $11,200,000 after purchasing an additional 90,027 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Pearson in the first quarter valued at about $11,546,000. Hedge funds and other institutional investors own 2.14% of the company’s stock.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.