PowerSchool (PWSC) Set to Announce Quarterly Earnings on Monday

PowerSchool (NYSE:PWSCGet Rating) will be issuing its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

PowerSchool (NYSE:PWSCGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $149.59 million during the quarter, compared to analysts’ expectations of $146.76 million. On average, analysts expect PowerSchool to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PowerSchool Trading Down 0.2 %

NYSE:PWSC opened at $15.52 on Friday. The business’s fifty day moving average price is $13.18 and its 200 day moving average price is $14.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33. PowerSchool has a 12 month low of $10.60 and a 12 month high of $36.56.

Analysts Set New Price Targets

Several equities analysts have issued reports on PWSC shares. The Goldman Sachs Group raised PowerSchool from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $15.50 to $16.00 in a report on Wednesday, July 13th. Piper Sandler dropped their price objective on PowerSchool from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Finally, Barclays dropped their price objective on PowerSchool from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Hedge Funds Weigh In On PowerSchool

A number of hedge funds and other institutional investors have recently made changes to their positions in PWSC. JPMorgan Chase & Co. grew its holdings in shares of PowerSchool by 247.8% during the first quarter. JPMorgan Chase & Co. now owns 137,255 shares of the company’s stock worth $2,266,000 after buying an additional 97,789 shares during the last quarter. MetLife Investment Management LLC lifted its position in PowerSchool by 22.8% in the first quarter. MetLife Investment Management LLC now owns 24,839 shares of the company’s stock valued at $410,000 after purchasing an additional 4,613 shares during the period. Blair William & Co. IL lifted its position in PowerSchool by 54.2% in the first quarter. Blair William & Co. IL now owns 122,454 shares of the company’s stock valued at $2,022,000 after purchasing an additional 43,039 shares during the period. Lord Abbett & CO. LLC acquired a new stake in PowerSchool in the first quarter valued at about $11,702,000. Finally, Sei Investments Co. lifted its position in PowerSchool by 2.6% in the first quarter. Sei Investments Co. now owns 79,000 shares of the company’s stock valued at $1,304,000 after purchasing an additional 2,000 shares during the period.

About PowerSchool

(Get Rating)

PowerSchool Holdings, Inc provides cloud-based software to the K-12 education market. Its solution is embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts representing approximately 45 million students worldwide. Its cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, grading, college and career readiness, assessments, and analytics.

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