Last $22.72 USD
Change Today +0.19 / 0.84%
Volume 29.7K
LRN On Other Exchanges
Symbol
Exchange
New York
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As of 10:10 AM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

k12 inc (LRN) Snapshot

Open
$22.58
Previous Close
$22.37
Day High
$22.79
Day Low
$22.54
52 Week High
09/10/13 - $38.14
52 Week Low
10/9/13 - $17.15
Market Cap
899.0M
Average Volume 10 Days
235.3K
EPS TTM
$0.37
Shares Outstanding
39.6M
EX-Date
--
P/E TM
60.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for K12 INC (LRN)

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k12 inc (LRN) Details

K12 Inc., a technology-based education company, offers proprietary curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade. It manages full-time virtual schools and blended schools. The company also offers curriculum and technology solutions; full-time virtual and blended programs, semester courses, and supplemental solutions; teacher training, teaching, and other support services to public schools, school districts, private schools, public charter schools, and early childhood learning centers; and online services, including course development and distribution through a proprietary learning management platform, hosting and technical support, student advisory services, marketing and recruitment, and program administration to post-secondary institutions. In addition, it operates online private schools, including The Keystone School, the K12 International Academy, and the George Washington University Online High School; and manages International School of Berne, a foreign private school. The company sells curriculum directly to customers who desire to educate their children outside of the traditional school system or to supplement their child’s existing public school education without the aid of an online teacher. It has a joint venture with Middlebury College to develop and market online foreign language courses. The company serves customers in the United States and internationally. K12 Inc. was founded in 2000 and is headquartered in Herndon, Virginia.

3,500 Employees
Last Reported Date: 08/29/13
Founded in 2000

k12 inc (LRN) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $232.9K
President and Chief Operating Officer
Total Annual Compensation: $500.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $236.6K
Executive Vice President, General Counsel and...
Total Annual Compensation: $348.3K
Compensation as of Fiscal Year 2013.

k12 inc (LRN) Key Developments

K12, Inc. Announces the Resignation of Ronald J. Packard as Board of Director

K12, Inc. announced it has completed the sale of select businesses to Safanad Education Ventures Limited. These businesses will be led by Ronald J. Packard, the founder and former Chief Executive Officer of K12 Inc. Additionally, Mr. Packard has resigned from the Board of Directors of K12 Inc. in order to direct his full attention to this new company.

K12 Inc. Appoints Fredda J. Cassell to Board of Directors

K12 Inc. announced the appointment of Fredda J. Cassell to its Board of Directors. Cassell, a former senior partner at PricewaterhouseCoopers LLP (PwC), is an experienced and accomplished business leader. Recently retired, she spent her entire 32 year professional career with PwC including 20 years as a Partner. Most recently she served as the operations leader and a consultant in the firm's national office in the National Auditing Services Group where she provided consultations across various industry sectors related to financial reporting and internal control, among other areas.

K12, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014; Provides Earnings Guidance for the Fourth Quarter and full Year of 2014

K12, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported revenue was $235.222 million compared to $218.009 million for the same period of last year. Income from operations was $27.385 million compared to $19.352 million for the same period of last year. Income before income tax expense and non controlling interest was $27.373 million compared to $19.046 million for the same period of last year. Net income was $15.512 million compared to $11.420 million for the same period of last year. Net income attributable to common stockholders per basic and diluted share, excluding Series A stockholders, through the conversion date September 3, 2013 was $0.4 compared to $0.31 for the same period of last year. Net income attributable to common stock holders, including Series A stockholders was $15,949,000 compared to $11,975,000 for the same period of last year. EBITDA was $45.402 million against $35.634 million a year ago. For the nine months, the company reported revenue was $687.507 million compared to $645.133 million for the same period of last year. Income from operations was $10.015 million compared to $44.285 million for the same period of last year. Income before income tax expense and non controlling interest was $9.890 million compared to $43.478 million for the same period of last year. Net income was $6.164 million compared to $25.283 million for the same period of last year. Net income attributable to common stockholders per basic and diluted share, excluding Series A stockholders, through the conversion date September 3, 2013 was $0.19 compared to $0.66 for the same period of last year. Net income attributable to common stock holders, including Series A stockholders was $7,244,000 compared to $25,842,000 for the same period of last year. Net cash provided by operating activities was $81.506 million against $59.216 million a year ago. Purchase of property and equipment was $6.323 million against $5.265 million a year ago. Capitalized software development costs were $18.486 million against $17.867 million a year ago. Capitalized curriculum development costs were $11.324 million against $13.597 million a year ago. EBITDA was $79.506 million against $92.461 million a year ago. Capital expenditures decreased $0.6 million from the prior year's first nine months, and were comprised of: $6.3 million for property and equipment, $18.5 million for capitalized software development, and $11.3 million for capitalized curriculum. The company is forecasting for the fourth quarter of fiscal year 2014, excluding the impact of closing the sale of assets as announced this quarter: revenue in the range of $217 million to $227 million, operating income in the range of $10 million to $15 million and capital expenditures, which includes curriculum and software development, computers and infrastructure, of $20 million to $25 million. For the full year of 2014, the company’s revenue guidance in the range of $905 million to $915 million and operating income on a reported basis of $21 million to $25 million, excluding the impact of a $32 million in charges in the second quarter. Full year operating income is expected to be in the range of $53 million to $57 million, which will also exclude the impact of any charges associated with the contemplated transaction. Both revenue and operating income are consistent with its full year guidance.

 

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Industry Analysis

LRN

Industry Average

Valuation LRN Industry Range
Price/Earnings 99.4x
Price/Sales 1.0x
Price/Book 1.6x
Price/Cash Flow 93.7x
TEV/Sales 0.7x
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