Pearson -3.9% on strong comments from Berenberg [Seeking Alpha]
Pearson, Plc (PSO)
US:NYSE Investor Relations:
pearson.com/corporate/investors/investor-information.html
Company Research
Source: Seeking Alpha
Shares of Pearson (NYSE: PSO ) fell today in London after Berenberg (Sell) dropped its price target to 400p, implying downside. Key points from the note, via FT : Pearson has a major problem: In fiscal 2015, higher education courseware contributed 40-45% of group EBIT. This key division faces serious structural and cyclical issues, which will continue until industry profits have normalised at much lower levels. We do not see a short-term fix. Leverage is higher than assumed: With returns likely to have impacted 2016 year-end cash flows, and the new strategy affecting cash flow in future, leverage is higher than the market thinks. We note recent negative statements by both Moody’s and S&P. Thus, Pearson is unlikely to return any cash to shareholders following a sale or recapitalisation of PRH. Is there opportunity for more cost savings? Pearson has already spent £610m on two restructurings in the last five years, yielding cumulative savings of £586m, before cu
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News
- Pearson Awarded UK Government Contract for England’s National Curriculum Assessment (NCA) TestsBusiness Wire
- CogX Festival Set to Debut in Los Angeles at Century Plaza on May 7th, 2024 [Yahoo! Finance]Yahoo! Finance
- Pearson plc (NYSE: PSO) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- PDRI by Pearson CEO Elaine Pulakos to Co-Lead Pre-Conference Workshop, Speak on Two Panels at 39th Annual SIOP ConferencePR Newswire
- Pearson Accelerates and Increases the Development of AI Learning Content To Meet Growing Demand From Students and ProfessionalsBusiness Wire
PSO
Sec Filings
- 4/11/24 - Form 6-K
- 4/4/24 - Form 6-K
- 4/2/24 - Form 6-K
- PSO's page on the SEC website