KinderCare Learning Companies (NYSE:KLC) Posts Quarterly Earnings Results

KinderCare Learning Companies (NYSE:KLC) posted its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, FiscalAI reports. The company had revenue of $665.34 million for the quarter, compared to the consensus estimate of $668.77 million. KinderCare Learning Companies had a negative net margin of 17.23% and a positive return on equity of 6.65%.

KinderCare Learning Companies Price Performance

KLC stock traded down $0.04 during trading on Thursday, hitting $2.10. The company had a trading volume of 795,350 shares, compared to its average volume of 961,825. The firm has a market capitalization of $249.48 million, a price-to-earnings ratio of -0.53 and a beta of 3.67. The business has a 50 day moving average of $2.08 and a 200 day moving average of $3.41. KinderCare Learning Companies has a fifty-two week low of $1.63 and a fifty-two week high of $5.62. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.97.

Analyst Ratings Changes

KLC has been the subject of several recent research reports. Weiss Ratings lowered shares of KinderCare Learning Companies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 17th. BMO Capital Markets dropped their price target on shares of KinderCare Learning Companies from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. UBS Group cut their price target on KinderCare Learning Companies from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, August 14th. Wall Street Zen upgraded KinderCare Learning Companies from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 15th. Finally, Deutsche Bank reissued a “hold” rating and issued a $6.00 price objective on shares of KinderCare Learning Companies in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $3.77.

About KinderCare Learning Companies

KinderCare Learning Companies provides early childhood education and child care in the United States. Its services include full-day care and preschool programs for infants, toddlers and school-age children, with curricula designed to support children’s learning and development. The company operates through brands including KinderCare Learning Centers and Champions, which provides before- and after-school programs. It also offers child care solutions for employers, including on-site centers and backup care.