Arco Platform (NASDAQ:ARCE – Get 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.
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.
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