PowerSchool (PWSC) Set to Announce Quarterly Earnings on Tuesday

PowerSchool (NYSE:PWSC) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect PowerSchool to post earnings of $0.22 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $182.14 million during the quarter, compared to analysts’ expectations of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. On average, analysts expect PowerSchool to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PowerSchool Stock Down 1.8 %

PWSC opened at $16.58 on Friday. PowerSchool has a twelve month low of $16.41 and a twelve month high of $25.16. The company’s 50-day moving average price is $19.96 and its two-hundred day moving average price is $21.82. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of -87.26, a PEG ratio of 0.49 and a beta of 0.98. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TheStreet downgraded PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $29.00 target price on shares of PowerSchool in a research note on Tuesday, April 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Insider Activity at PowerSchool

In related news, CEO Hardeep Gulati sold 15,307 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.75, for a total value of $317,620.25. Following the transaction, the chief executive officer now owns 2,141,451 shares of the company’s stock, valued at $44,435,108.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other PowerSchool news, CEO Hardeep Gulati sold 15,307 shares of PowerSchool stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.75, for a total transaction of $317,620.25. Following the transaction, the chief executive officer now owns 2,141,451 shares of the company’s stock, valued at $44,435,108.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Devendra Singh sold 2,750 shares of PowerSchool stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $20.87, for a total transaction of $57,392.50. Following the transaction, the chief technology officer now owns 338,769 shares in the company, valued at approximately $7,070,109.03. The disclosure for this sale can be found here. Insiders have sold a total of 182,706 shares of company stock worth $3,818,727 over the last quarter. Company insiders own 0.60% of the company’s stock.

About PowerSchool

PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market in the United States, Canada, and internationally. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts.