Pearson (LON:PSON) Releases Quarterly Earnings Results

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

Pearson Price Performance

Pearson stock opened at GBX 1,361.50 ($17.12) on Friday. Pearson has a 12 month low of GBX 925.20 ($11.63) and a 12 month high of GBX 1,401 ($17.62). The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49. The business’s 50 day simple moving average is GBX 1,309.65 and its 200 day simple moving average is GBX 1,177.47. The company 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.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their target price on Pearson from GBX 1,400 ($17.61) to GBX 1,450 ($18.23) and gave the company an “overweight” rating in a report on Tuesday, January 14th.

Insider Activity at Pearson

In related news, insider Sherry Coutu purchased 731 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of GBX 1,282 ($16.12) per share, for a total transaction of £9,371.42 ($11,784.98). Also, insider Omar Abbosh sold 77,989 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.30), for a total transaction of £1,010,737.44 ($1,271,048.09). 0.35% of the stock is owned by company insiders.

Pearson Company Profile

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.