Pearson (LON:PSON) Posts Earnings Results

Pearson (LON:PSON) posted its quarterly earnings data on Friday. The company reported GBX 62.10 ($0.78) EPS for the quarter, Digital Look Earnings reports. Pearson had a net margin of 9.83% and a return on equity of 8.98%.

Pearson Stock Performance

LON:PSON traded up GBX 26 ($0.33) during mid-day trading on Friday, hitting GBX 1,361.50 ($17.16). The stock had a trading volume of 4,675,299 shares, compared to its average volume of 6,621,816. Pearson has a twelve month low of GBX 925.20 ($11.66) and a twelve month high of GBX 1,401 ($17.66). The company has a debt-to-equity ratio of 42.49, a quick ratio of 1.07 and a current ratio of 1.78. The stock has a market cap of £9.19 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 0.83 and a beta of 0.31. The company’s 50 day simple moving average is GBX 1,309.65 and its 200 day simple moving average is GBX 1,177.47.

Insiders Place Their Bets

In other news, insider Omar Abbosh sold 77,989 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.33), for a total transaction of £1,010,737.44 ($1,273,931.74). Also, insider Sherry Coutu purchased 731 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of GBX 1,282 ($16.16) per share, for a total transaction of £9,371.42 ($11,811.72). Company insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their price objective on Pearson from GBX 1,400 ($17.65) to GBX 1,450 ($18.28) and gave the company an “overweight” rating in a report on Tuesday, January 14th.

About Pearson

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.