Pearson (LON:PSON) Posts Quarterly Earnings Results

Key Points

• Pearson reported a quarterly earnings per share (EPS) of GBX 24.50 ($0.32) with a net margin of 9.83% and a return on equity of 8.98%.
• Following the announcement, Pearson's stock increased by 6.3% to GBX 1,140 ($15.06), with significant trading volume of over 6.9 million shares.
• Insider buying activity was noted, with two insiders purchasing a total of 2,634 shares of Pearson stock recently, indicating confidence in the company's prospects.

Pearson (LON:PSON - Get Free Report) released its earnings results on Friday. The company reported GBX 24.50 ($0.33) 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 PSON stock traded down GBX 0.44 ($0.01) during trading on Tuesday, hitting GBX 1,127.06 ($14.98). The company's stock had a trading volume of 2,038,343 shares, compared to its average volume of 4,862,428. The business has a fifty day moving average of GBX 1,080.65 and a 200-day moving average of GBX 1,187.37. Pearson has a 52 week low of GBX 1,010 ($13.42) and a 52 week high of GBX 1,401 ($18.62). The company has a market cap of £7.61 billion, a PE ratio of 21.85, a P/E/G ratio of 0.83 and a beta of 0.31. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Pearson from GBX 1,260 ($16.75) to GBX 1,140 ($15.15) and set a "hold" rating for the company in a research note on Friday.

Insider Transactions at Pearson

In other news, insider Annette Thomas purchased 348 shares of the stock in a transaction on Monday, June 30th. The shares were acquired at an average price of GBX 1,077 ($14.31) per share, for a total transaction of £3,747.96 ($4,981.34). Also, insider Alison Dolan acquired 1,001 shares of Pearson stock in a transaction dated Monday, June 30th. The shares were bought at an average cost of GBX 1,077 ($14.31) per share, for a total transaction of £10,780.77 ($14,328.51). Insiders acquired a total of 4,651 shares of company stock valued at $5,009,127 in the last three months. 0.35% of the stock is currently owned by company insiders.

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.