American Public Education, Inc. (NASDAQ:APEI) Updates Q3 Earnings Guidance
American Public Education, Inc. (NASDAQ:APEI) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.18-0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.22. The company issued revenue guidance of $70.1-72.3 million, compared to the consensus revenue estimate of $68.82 million.
A number of brokerages recently weighed in on APEI. Zacks Investment Research downgraded shares of American Public Education from a hold rating to a sell rating in a research report on Friday, May 12th. BMO Capital Markets reiterated a hold rating and issued a $24.00 price target on shares of American Public Education in a research report on Wednesday, May 10th. Finally, BidaskClub downgraded shares of American Public Education from a hold rating to a sell rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $24.67.
American Public Education, Inc. (NASDAQ APEI) traded down 1.37% on Tuesday, reaching $21.65. 39,000 shares of the company’s stock traded hands. The stock has a market cap of $351.44 million, a price-to-earnings ratio of 19.14 and a beta of 1.17. The stock has a 50 day moving average price of $22.93 and a 200 day moving average price of $22.84. American Public Education, Inc. has a 12-month low of $14.75 and a 12-month high of $30.78.
American Public Education (NASDAQ:APEI) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $75.70 million for the quarter, compared to the consensus estimate of $75.24 million. American Public Education had a net margin of 6.01% and a return on equity of 9.07%. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. Analysts forecast that American Public Education, Inc. will post $1.06 EPS for the current year.
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American Public Education Company Profile
American Public Education, Inc provides online and on-campus postsecondary education. The Company provides postsecondary education through its subsidiary institutions, American Public University System, Inc (APUS) and Hondros College of Nursing (HCON). It operates through two segments: American Public Education Segment, which consists of the operational activities of APUS, other corporate activities, and minority investments, and Hondros College of Nursing Segment, which consists of the operational activities of HCON.
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