Arco Platform (ARCE) to Release Earnings on Thursday

Arco Platform (NASDAQ:ARCE – Get Rating) is set to release its earnings data after the market closes on Thursday, May 25th. Analysts expect Arco Platform to post earnings of ($0.15) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Arco Platform (NASDAQ:ARCE – Get Rating) last issued its quarterly earnings results on Thursday, March 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $129.10 million for the quarter, compared to analyst estimates of $128.04 million. Arco Platform had a return on equity of 4.99% and a net margin of 2.15%. On average, analysts expect Arco Platform to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Arco Platform Trading Up 0.3 %

Shares of NASDAQ:ARCE opened at $12.15 on Wednesday. The company has a market capitalization of $679.31 million, a P/E ratio of 93.47 and a beta of 0.50. Arco Platform has a 1 year low of $7.85 and a 1 year high of $18.07. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.22 and a quick ratio of 1.06. The business’s 50 day simple moving average is $11.86 and its 200 day simple moving average is $12.08.

Institutional Investors Weigh In On Arco Platform

A number of large investors have recently modified their holdings of ARCE. JPMorgan Chase & Co. boosted its holdings in shares of Arco Platform by 0.3% in the 1st quarter. JPMorgan Chase & Co. now owns 443,953 shares of the company’s stock valued at $9,368,000 after purchasing an additional 1,527 shares in the last quarter. Invesco Ltd. bought a new position in shares of Arco Platform in the 1st quarter valued at $349,000. State Street Corp lifted its stake in shares of Arco Platform by 8.1% in the 1st quarter. State Street Corp now owns 35,597 shares of the company’s stock valued at $751,000 after acquiring an additional 2,664 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Arco Platform by 13.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 404,491 shares of the company’s stock valued at $8,535,000 after acquiring an additional 49,510 shares during the last quarter. Finally, Select Equity Group L.P. lifted its stake in shares of Arco Platform by 11.0% in the 1st quarter. Select Equity Group L.P. now owns 44,698 shares of the company’s stock valued at $943,000 after acquiring an additional 4,437 shares during the last quarter.

About Arco Platform

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Arco Platform Ltd. engages in the provision of complete pedagogical system with technology-enabled features to deliver educational content to private schools and students. It operates through the following segments: Core and Supplemental. The Core segment provides solutions that address the Brazilian K-12 curriculum requirements through a personalized and interactive learning experience.