Skillsoft (NYSE:SKIL) Releases Earnings Results, Beats Estimates By $1.11 EPS

Skillsoft (NYSE:SKIL) released its quarterly earnings data on Tuesday. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $1.11, FiscalAI reports. The firm had revenue of $94.50 million for the quarter, compared to the consensus estimate of $121.10 million. Skillsoft had a negative net margin of 27.27% and a positive return on equity of 112.12%.

Skillsoft Stock Down 11.4%

SKIL traded down $0.79 during trading on Tuesday, hitting $6.14. The stock had a trading volume of 178,084 shares, compared to its average volume of 175,681. Skillsoft has a twelve month low of $3.43 and a twelve month high of $21.25. The stock has a 50 day simple moving average of $6.49 and a two-hundred day simple moving average of $6.90. The company has a debt-to-equity ratio of 142.97, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $54.99 million, a PE ratio of -0.38, a PEG ratio of 0.21 and a beta of 2.23.

Analyst Upgrades and Downgrades

SKIL has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Skillsoft in a research note on Friday, March 27th. Zacks Research downgraded shares of Skillsoft from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Skillsoft currently has an average rating of “Reduce”.

Institutional Investors Weigh In On Skillsoft

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its stake in shares of Skillsoft by 374.2% during the fourth quarter. NewEdge Advisors LLC now owns 7,331 shares of the company’s stock worth $68,000 after buying an additional 5,785 shares during the period. XTX Topco Ltd acquired a new stake in shares of Skillsoft during the fourth quarter worth $100,000. Engineers Gate Manager LP acquired a new stake in shares of Skillsoft during the fourth quarter worth $125,000. Jump Financial LLC acquired a new stake in shares of Skillsoft during the fourth quarter worth $97,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Skillsoft by 330.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,130 shares of the company’s stock worth $57,000 after buying an additional 4,705 shares during the period. 87.00% of the stock is currently owned by institutional investors and hedge funds.

Skillsoft Company Profile

Skillsoft (NYSE: SKIL) is a leading provider of corporate digital learning solutions designed to help organizations develop skills and drive performance. The company offers a range of cloud-based learning platforms and content libraries that cover technical training, leadership development, compliance, and productivity applications. Skillsoft’s flagship platform, Percipio, delivers micro-learning modules, video tutorials, books and audiobooks, hands-on labs and simulations, and practice assessments within a unified interface that can be accessed on desktop or mobile devices.

Skillsoft’s content spans IT certification preparation, software development, cloud computing, cybersecurity, project management, and a variety of professional skills such as communication, management and sales.