Pluralsight (NASDAQ:PS) Issues FY 2020 After-Hours Earnings Guidance

Pluralsight (NASDAQ:PS) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided EPS guidance of -0.5–0.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.51. The company issued revenue guidance of $390-400 million, compared to the consensus revenue estimate of $395.27 million.Pluralsight also updated its FY20 guidance to ($0.45)-($0.50) EPS.

Shares of Pluralsight stock traded down $0.07 during midday trading on Friday, hitting $18.66. The company had a trading volume of 1,808,316 shares, compared to its average volume of 1,478,001. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market capitalization of $2.81 billion, a P/E ratio of -16.81 and a beta of 2.14. The company has a 50 day moving average of $18.78 and a 200 day moving average of $17.68. Pluralsight has a 52-week low of $14.84 and a 52-week high of $35.70.

Pluralsight (NASDAQ:PS) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.23. The company had revenue of $88.80 million for the quarter, compared to the consensus estimate of $87.22 million. Pluralsight had a negative return on equity of 46.91% and a negative net margin of 32.59%. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) EPS. Equities research analysts forecast that Pluralsight will post -1.03 EPS for the current year.

Several analysts recently weighed in on PS shares. Zacks Investment Research downgraded Pluralsight from a hold rating to a sell rating in a research note on Wednesday, January 1st. KeyCorp lowered their price objective on Pluralsight from $24.00 to $22.00 and set an overweight rating on the stock in a research report on Monday, January 13th. Barrington Research reaffirmed a buy rating and issued a $26.00 price objective on shares of Pluralsight in a research report on Friday, February 7th. Needham & Company LLC reaffirmed a buy rating and issued a $25.00 price objective on shares of Pluralsight in a research report on Wednesday, February 5th. Finally, William Blair started coverage on Pluralsight in a research report on Wednesday, January 8th. They issued an outperform rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $25.33.

In related news, insider Nate Walkingshaw sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $17.11, for a total value of $85,550.00. Following the transaction, the insider now directly owns 194,090 shares of the company’s stock, valued at approximately $3,320,879.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 16,000 shares of company stock worth $284,150 over the last ninety days. 23.19% of the stock is currently owned by insiders.

Pluralsight Company Profile

Pluralsight, Inc provides a technology skill development solutions worldwide. Its cloud-based technology skills platform offers a range of tools, including skill and role assessment tool, which uses machine learning and advanced algorithms to measure a user's skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include a digital ecosystem of thousands of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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