Apollo Group (APOL) Announces Quarterly Earnings, Beats Estimates By $0.13 EPS
Apollo Group (NASDAQ:APOL) released its earnings data on Tuesday. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13, Stock Ratings News reports. The company had revenue of $856.30 million for the quarter, compared to the consensus estimate of $860.58 million. During the same quarter in the previous year, the company posted $1.22 earnings per share.
Shares of Apollo Group (NASDAQ:APOL) traded down 0.46% during mid-day trading on Tuesday, hitting $26.935. The stock had a trading volume of 3,097,944 shares. Apollo Group has a 52-week low of $15.98 and a 52-week high of $29.07. The stock’s 50-day moving average is $26.15 and its 200-day moving average is $22.02. The company has a market cap of $3.055 billion and a price-to-earnings ratio of 12.36.
A number of analysts have recently weighed in on APOL shares. Analysts at Zacks reiterated a “neutral” rating on shares of Apollo Group in a research note to investors on Tuesday, November 5th. They now have a $27.00 price target on the stock. On a related note, analysts at Compass Point raised their price target on shares of Apollo Group from $15.00 to $20.00 in a research note to investors on Thursday, October 24th. They now have a “sell” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Apollo Group from $18.00 to $24.00 in a research note to investors on Wednesday, October 23rd. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.13.
Apollo Group, Inc (NASDAQ:APOL) is a private education provider.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.