Zovio (NASDAQ:ZVO) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Zovio (NASDAQ:ZVO – Get Rating) announced its quarterly earnings knowledge on Friday. The enterprise noted ($.23) EPS for the quarter, topping the consensus estimate of ($.28) by $.05, MarketWatch Earnings reviews. Zovio had a destructive internet margin of 25.21% and a detrimental return on fairness of 15.05%.
Shares of NASDAQ ZVO traded up $.02 through mid-day investing on Friday, hitting $.70. The company had a trading quantity of 330,838 shares, when compared to its ordinary quantity of 249,336. Zovio has a 1 12 months small of $.66 and a 1 year higher of $4.05. The agency has a current market capitalization of $23.42 million, a P/E ratio of -.30 and a beta of 1.08. The business’s 50-day basic going typical is $.97.
Individually, Zacks Financial investment Exploration upgraded Zovio from a “strong sell” ranking to a “hold” rating in a investigate notice on Wednesday, December 29th.
Institutional investors and hedge resources have not long ago created improvements to their positions in the business. Royal Bank of Canada boosted its stake in Zovio by 173.7% all through the next quarter. Royal Bank of Canada now owns 31,745 shares of the company’s stock valued at $83,000 soon after shopping for an added 20,146 shares during the interval. Morgan Stanley elevated its posture in shares of Zovio by 1,292.2% through the 1st quarter. Morgan Stanley now owns 23,611 shares of the company’s inventory valued at $96,000 soon after shopping for an further 21,915 shares in the very last quarter. Finally, Virtu Economical LLC acquired a new position in Zovio in the fourth quarter valued at $29,000. Hedge funds and other institutional buyers have 52.31% of the company’s stock.
Zovio Company Profile (Get Rating)
Zovio, Inc delivers postsecondary schooling expert services. By way of Ashford University and College of the RockiesSM, it delivers online packages this kind of as modern day school practical experience. Its companies also include things like cellular and other finding out system for students. The organization was founded by Wayne Clugston and Andrew S.
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