Pearson (LON:PSON) Releases Earnings Results

Pearson (LON:PSON) released its quarterly earnings data on Friday. The company reported GBX 62.10 ($0.78) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Pearson had a return on equity of 8.98% and a net margin of 9.83%.

Pearson Stock Performance

Shares of LON:PSON opened at GBX 1,361.50 ($17.12) on Friday. The business’s fifty day moving average price is GBX 1,311.50 and its two-hundred day moving average price is GBX 1,180.53. Pearson has a fifty-two week low of GBX 925.20 ($11.64) and a fifty-two week high of GBX 1,401 ($17.62). The stock has a market capitalization of £9.19 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. The company has a debt-to-equity ratio of 42.49, a current ratio of 1.78 and a quick ratio of 1.07.

Insider Buying and Selling at Pearson

In other Pearson news, insider Omar Abbosh sold 77,989 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.30), for a total value of £1,010,737.44 ($1,271,207.95). Also, insider Sherry Coutu acquired 731 shares of Pearson stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of GBX 1,282 ($16.12) per share, for a total transaction of £9,371.42 ($11,786.47). Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price objective on Pearson from GBX 1,400 ($17.61) to GBX 1,450 ($18.24) and gave the company an “overweight” rating in a research report on Tuesday, January 14th.

About Pearson

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.