Arco Platform (NASDAQ:ARCE) Releases Quarterly Earnings Results, Misses Estimates By $0.38 EPS

Arco Platform (NASDAQ:ARCEGet Rating) posted its quarterly earnings results on Tuesday. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.38), Fidelity Earnings reports. Arco Platform had a negative return on equity of 8.00% and a negative net margin of 13.33%. During the same period in the previous year, the business posted $0.04 earnings per share.

NASDAQ ARCE opened at $15.64 on Wednesday. Arco Platform has a 52 week low of $14.60 and a 52 week high of $34.34. The firm has a market capitalization of $460.61 million, a P/E ratio of -29.51 and a beta of 0.74. The company has a quick ratio of 1.36, a current ratio of 1.47 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $19.11 and a 200-day moving average price of $19.49.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Arco Platform from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 19th. JPMorgan Chase & Co. assumed coverage on Arco Platform in a research report on Wednesday, February 16th. They issued a “neutral” rating and a $22.00 target price for the company.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its position in shares of Arco Platform by 16.6% during the 1st quarter. Capital Research Global Investors now owns 2,711,223 shares of the company’s stock valued at $57,207,000 after purchasing an additional 386,098 shares during the last quarter. Capital World Investors increased its position in shares of Arco Platform by 12.5% during the 1st quarter. Capital World Investors now owns 1,521,948 shares of the company’s stock valued at $32,113,000 after purchasing an additional 169,447 shares during the last quarter. Polar Capital Holdings Plc increased its position in shares of Arco Platform by 20.7% during the 1st quarter. Polar Capital Holdings Plc now owns 546,227 shares of the company’s stock valued at $11,525,000 after purchasing an additional 93,633 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Arco Platform by 0.3% during the 1st quarter. JPMorgan Chase & Co. now owns 443,953 shares of the company’s stock valued at $9,368,000 after purchasing an additional 1,527 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Arco Platform during the 1st quarter valued at about $9,025,000.

Arco Platform Company Profile (Get Rating)

Arco Platform Limited, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The company's curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform.

Featured Articles

Earnings History for Arco Platform (NASDAQ:ARCE)

Receive News & Ratings for Arco Platform Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arco Platform and related companies with MarketBeat.com's FREE daily email newsletter.