Pearson PLC (NYSE:PSO) – Equities researchers at Jefferies Group issued their FY2019 earnings estimates for shares of Pearson PLC in a research report issued to clients and investors on Monday. Jefferies Group analyst T. Garrity forecasts that the brokerage will post earnings per share of $0.47 for the year. Jefferies Group has a “Underperform” rating on the stock. Jefferies Group also issued estimates for Pearson PLC’s FY2020 earnings at $0.52 EPS and FY2021 earnings at $0.57 EPS.
A number of other research firms also recently issued reports on PSO. Zacks Investment Research upgraded shares of Pearson PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, December 21st. Deutsche Bank AG reiterated a “sell” rating on shares of Pearson PLC in a research report on Wednesday, December 7th. Credit Suisse Group AG upgraded Pearson PLC from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 2nd. Finally, Societe Generale upgraded Pearson PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, January 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $11.00.
Pearson PLC (NYSE:PSO) traded up 2.90% on Tuesday, hitting $8.16. The stock had a trading volume of 199,336 shares. The company’s 50-day moving average price is $8.14 and its 200 day moving average price is $9.17. The firm’s market cap is $6.65 billion. Pearson PLC has a one year low of $7.04 and a one year high of $13.20.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Stevens Capital Management LP acquired a new position in shares of Pearson PLC during the third quarter worth about $104,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Pearson PLC during the fourth quarter worth about $105,000. Elkfork Partners LLC acquired a new position in shares of Pearson PLC during the fourth quarter worth about $116,000. Guggenheim Capital LLC raised its position in shares of Pearson PLC by 5.3% in the fourth quarter. Guggenheim Capital LLC now owns 18,493 shares of the company’s stock worth $185,000 after buying an additional 925 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of Pearson PLC during the third quarter worth about $209,000. Hedge funds and other institutional investors own 2.14% of the company’s stock.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, May 17th. Investors of record on Friday, April 7th will be given a dividend of $0.4236 per share. This is an increase from Pearson PLC’s previous semiannual dividend of $0.29. This represents a dividend yield of 10.17%. The ex-dividend date of this dividend is Wednesday, April 5th.
About Pearson PLC
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.