FY2024 EPS Estimates for Skillsoft Corp. Lifted by Analyst (NASDAQ:SKIL)

Skillsoft Corp. (NASDAQ:SKIL) – Stock analysts at B. Riley raised their FY2024 earnings per share estimates for Skillsoft in a research report issued to clients and investors on Wednesday, April 10th. B. Riley analyst R. Sharma now anticipates that the company will post earnings per share of ($16.30) for the year, up from their previous estimate of ($17.10). The consensus estimate for Skillsoft’s current full-year earnings is ($16.30) per share. B. Riley also issued estimates for Skillsoft’s Q4 2024 earnings at ($3.13) EPS and FY2025 earnings at ($8.50) EPS.

Separately, Oppenheimer restated a “market perform” rating on shares of Skillsoft in a report on Thursday, February 22nd.

Skillsoft Stock Performance

NASDAQ:SKIL opened at $9.20 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.32. Skillsoft has a 12-month low of $7.37 and a 12-month high of $36.48. The stock has a 50-day moving average price of $10.69 and a 200 day moving average price of $14.66. The stock has a market capitalization of $74.24 million, a P/E ratio of -0.47 and a beta of 1.15.

Institutional Investors Weigh In On Skillsoft

A number of institutional investors and hedge funds have recently modified their holdings of SKIL. Bank of New York Mellon Corp grew its stake in Skillsoft by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 372,267 shares of the company’s stock valued at $330,000 after purchasing an additional 2,168 shares during the last quarter. Invesco Ltd. raised its holdings in Skillsoft by 0.7% in the 3rd quarter. Invesco Ltd. now owns 315,533 shares of the company’s stock worth $280,000 after purchasing an additional 2,304 shares during the period. Rhumbline Advisers raised its holdings in Skillsoft by 2.7% in the 3rd quarter. Rhumbline Advisers now owns 120,009 shares of the company’s stock worth $106,000 after purchasing an additional 3,136 shares during the period. State Street Corp raised its holdings in Skillsoft by 1.6% in the 1st quarter. State Street Corp now owns 289,519 shares of the company’s stock worth $1,749,000 after purchasing an additional 4,561 shares during the period. Finally, Royal Bank of Canada raised its holdings in Skillsoft by 979.4% in the 1st quarter. Royal Bank of Canada now owns 5,397 shares of the company’s stock worth $33,000 after purchasing an additional 4,897 shares during the period. 87.00% of the stock is owned by institutional investors.

Skillsoft Company Profile

Skillsoft Corp. provides skillsoft content and global knowledge services in the United States and internationally. The company operates through two segments: Skillsoft Content and Global Knowledge. It provides content services, including leadership and business skills, technology and developer, and compliance; as well as cloud-based content on various open platform and talent management solutions.