-$0.07 EPS Expected for Vasta Platform Limited (NASDAQ:VSTA) This Quarter

Brokerages expect Vasta Platform Limited (NASDAQ:VSTA) to post earnings per share of ($0.07) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Vasta Platform’s earnings. The business is scheduled to report its next earnings results on Friday, August 13th.

According to Zacks, analysts expect that Vasta Platform will report full-year earnings of $0.32 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.35. For the next year, analysts anticipate that the company will report earnings of $0.48 per share, with EPS estimates ranging from $0.43 to $0.52. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Vasta Platform.

Vasta Platform (NASDAQ:VSTA) last issued its quarterly earnings results on Friday, May 14th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The firm had revenue of $51.38 million during the quarter.

A number of equities research analysts recently weighed in on VSTA shares. Zacks Investment Research lowered Vasta Platform from a “hold” rating to a “sell” rating in a research report on Friday, May 14th. Itau BBA Securities initiated coverage on Vasta Platform in a report on Wednesday, April 14th. They set an “outperform” rating and a $16.00 target price on the stock. Bank of America reaffirmed a “neutral” rating and set a $12.00 target price (down from $21.50) on shares of Vasta Platform in a report on Monday, May 17th. Finally, Morgan Stanley cut their target price on Vasta Platform from $20.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, May 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.00.

VSTA stock traded down $0.07 during midday trading on Thursday, reaching $8.79. 139,495 shares of the stock were exchanged, compared to its average volume of 106,051. The company has a market cap of $729.68 million and a PE ratio of -80.36. Vasta Platform has a 52 week low of $7.44 and a 52 week high of $22.35. The company has a quick ratio of 1.27, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $8.82.

A number of institutional investors and hedge funds have recently modified their holdings of VSTA. UBS Group AG increased its holdings in Vasta Platform by 460.3% during the 1st quarter. UBS Group AG now owns 6,908 shares of the company’s stock worth $68,000 after purchasing an additional 5,675 shares in the last quarter. Altfest L J & Co. Inc. increased its holdings in Vasta Platform by 36.0% during the 1st quarter. Altfest L J & Co. Inc. now owns 14,857 shares of the company’s stock worth $146,000 after purchasing an additional 3,933 shares in the last quarter. Sei Investments Co. increased its holdings in Vasta Platform by 61.7% during the 1st quarter. Sei Investments Co. now owns 16,643 shares of the company’s stock worth $164,000 after purchasing an additional 6,350 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Vasta Platform by 60.7% during the 1st quarter. Ameriprise Financial Inc. now owns 196,251 shares of the company’s stock worth $1,933,000 after purchasing an additional 74,116 shares in the last quarter. Finally, Boston Partners increased its holdings in Vasta Platform by 13.2% during the 4th quarter. Boston Partners now owns 210,181 shares of the company’s stock worth $3,048,000 after purchasing an additional 24,527 shares in the last quarter. 20.39% of the stock is owned by hedge funds and other institutional investors.

About Vasta Platform

Vasta Platform Limited, an education company, provides educational and digital solutions to private schools operating in the K-12 educational sector in Brazil. The company operates in two segments, Content & EdTech Platform and Digital Platform. The Content & EdTech Platform segment offers core and complementary educational content solutions through digital and printed content, including textbooks, learning systems, and other complimentary educational services.

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