Apollo Education Group Rating Reiterated by Zacks (APOL)
Apollo Education Group (NASDAQ:APOL)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Thursday. They currently have a $33.00 target price on the stock. Zacks‘s target price suggests a potential upside of 6.18% from the stock’s previous close.
Zacks’ analyst wrote, “Apollo Education’s third quarter 2014 adjusted earnings of $0.76 per share beat the Zacks Consensus Estimate by 16.9%. We believe cost reduction and improved efficiency helped Apollo beat Estimate. However, earnings declined 27.6% year over year due to weak revenues. Revenues have remained weak for several quarters due to declining enrollment trends. Though net revenue of $799.9 million, declined year over year, it comfortably surpassed the Zacks Consensus Estimate by 0.7%. In addition, the company has raised its guidance for 2014 revenue on the back of better than expected results in the third quarter 2014. Apollo’s accelerated efforts to right-size its business through significant layoffs and campus closings will give it a competitive advantage in the long term. Though we believe these turnaround efforts should eventually improve enrollment trends and boost margins, we await better visibility before having a more bullish outlook on the stock.”
APOL has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Apollo Education Group in a research note on Thursday. They now have a $37.00 price target on the stock, down previously from $38.00. Separately, analysts at Compass Point raised their price target on shares of Apollo Education Group from $30.00 to $33.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Apollo Education Group from $28.00 to $30.00 in a research note on Thursday. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Apollo Education Group presently has a consensus rating of “Hold” and a consensus price target of $33.36.
In other Apollo Education Group news, SVP Sean Martin unloaded 3,709 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.41, for a total value of $105,372.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Apollo Education Group (NASDAQ:APOL) traded up 0.06% on Thursday, hitting $31.10. The stock had a trading volume of 1,609,659 shares. Apollo Education Group has a 52 week low of $16.89 and a 52 week high of $35.92. The stock has a 50-day moving average of $28.44 and a 200-day moving average of $30.0. The company has a market cap of $3.461 billion and a P/E ratio of 16.44.
Apollo Education Group (NASDAQ:APOL) last released its earnings data on Wednesday, June 25th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.07. The company had revenue of $799.90 million for the quarter, compared to the consensus estimate of $794.43 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was down 15.5% on a year-over-year basis. On average, analysts predict that Apollo Education Group will post $2.33 earnings per share for the current fiscal year.
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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