Apollo Education Group (APOL) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS
Apollo Education Group (NASDAQ:APOL) posted its quarterly earnings results on Wednesday. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.07, Stock Ratings News reports. The company had revenue of $799.90 million for the quarter, compared to the consensus estimate of $794.43 million.
Apollo Education Group (NASDAQ:APOL) opened at 29.28 on Wednesday. Apollo Education Group has a one year low of $16.89 and a one year high of $35.92. The stock’s 50-day moving average is $28.39 and its 200-day moving average is $30.01. The company has a market cap of $3.259 billion and a price-to-earnings ratio of 15.68.
APOL has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Apollo Education Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 21st. They now have a $29.00 price target on the stock. On a related note, analysts at Robert W. Baird cut their price target on shares of Apollo Education Group from $36.00 to $33.00 in a research note on Wednesday, April 9th. Finally, analysts at Citigroup Inc. raised their price target on shares of Apollo Education Group from $30.00 to $35.00 in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Apollo Education Group currently has an average rating of “Hold” and a consensus target price of $32.64.
In other Apollo Education Group news, SVP Sean Martin unloaded 3,709 shares of Apollo Education Group stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $28.41, for a total transaction of $105,372.69. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Apollo Education Group, Inc offers educational programs and services, online and on-campus, at the undergraduate, master’s and doctoral levels.
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