American Public Education Rating Reiterated by Zacks (APEI)
American Public Education (NASDAQ:APEI)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Thursday. They currently have a $31.00 target price on the stock. Zacks‘s price target points to a potential upside of 3.33% from the stock’s previous close.
Zacks’ analyst wrote, “American Public’s second-quarter earnings of 56 cents per share beat the Zacks Consensus Estimate of 50 cents by 12.0% as well as management’s expected range of $0.43-$0.50. However, the company beat expectations only on the back of expense savings at APUS and lower share count. On a year over year basis, earnings declined 8.2% due to continued military enrollment hurdles and higher costs associated with Hondros. Revenues continued to decline at APUS due to weak enrollment trends. APUS’ enrollments in the past few quarters have been adversely impacted by a decline in the number of students using TA benefits following recent administrative changes by the military. Margins also remained weak in the past two quarters due to higher costs associated with Hondros. Moreover, management issued a disappointing outlook for the next quarter.”
Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of American Public Education in a research note on Wednesday. They now have a $44.00 price target on the stock, down previously from $48.00. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.40.
In other American Public Education news, CEO Wallace E. Jr. Boston sold 2,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $36.00, for a total transaction of $72,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
American Public Education (NASDAQ:APEI) traded down 0.13% on Thursday, hitting $29.67. The stock had a trading volume of 200,128 shares. American Public Education has a one year low of $29.66 and a one year high of $46.69. The stock’s 50-day moving average is $34.3 and its 200-day moving average is $36.57. The company has a market cap of $511.9 million and a price-to-earnings ratio of 13.09.
American Public Education (NASDAQ:APEI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.06. The company had revenue of $85.50 million for the quarter, compared to the consensus estimate of $85.12 million. During the same quarter last year, the company posted $0.60 earnings per share. American Public Education’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that American Public Education will post $2.18 EPS for the current fiscal year.
American Public Education, Inc is a provider of online postsecondary education with an emphasis on serving the needs of the military and public service communities.
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