2U, Inc. (TWOU) Releases FY17 Earnings Guidance
2U, Inc. (NASDAQ:TWOU) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of ($0.19-0.17) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.11). The company issued revenue guidance of $282.7-285.7 million, compared to the consensus revenue estimate of $271.61 million.2U also updated its Q3 guidance to ($0.21-0.20) EPS.
2U, Inc. (NASDAQ TWOU) traded up 2.79% during trading on Monday, reaching $50.92. 646,084 shares of the company were exchanged. 2U, Inc. has a 52-week low of $29.23 and a 52-week high of $52.94. The firm has a 50-day moving average of $47.66 and a 200-day moving average of $41.48. The firm’s market cap is $2.42 billion.
TWOU has been the subject of a number of analyst reports. Zacks Investment Research cut shares of 2U from a buy rating to a hold rating in a report on Wednesday, May 10th. Needham & Company LLC restated a buy rating and set a $49.00 price objective (up previously from $43.00) on shares of 2U in a report on Monday, April 10th. BMO Capital Markets boosted their price objective on shares of 2U from $48.00 to $50.00 and gave the company an outperform rating in a report on Monday, May 15th. KeyCorp restated an overweight rating and set a $50.00 price objective on shares of 2U in a report on Monday, July 10th. Finally, Citigroup Inc. initiated coverage on shares of 2U in a report on Tuesday, July 18th. They set a buy rating and a $57.00 price objective for the company. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $51.14.
In other news, Director Timothy M. Haley sold 23,296 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $39.71, for a total value of $925,084.16. Following the completion of the transaction, the director now owns 23,454 shares in the company, valued at $931,358.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $44.12, for a total transaction of $198,540.00. Following the completion of the transaction, the director now owns 19,825 shares of the company’s stock, valued at approximately $874,679. The disclosure for this sale can be found here. Insiders sold 73,210 shares of company stock valued at $3,004,564 in the last quarter. Corporate insiders own 8.40% of the company’s stock.
WARNING: “2U, Inc. (TWOU) Releases FY17 Earnings Guidance” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/08/07/2u-inc-twou-releases-fy17-earnings-guidance.html.
2U Company Profile
2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
Receive News & Ratings for 2U Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U Inc. and related companies with MarketBeat.com's FREE daily email newsletter.