2U, Inc. (TWOU) Expected to Post Earnings of $0.13 Per Share

Analysts expect that 2U, Inc. (NASDAQ:TWOU) will report earnings per share (EPS) of $0.13 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for 2U’s earnings, with estimates ranging from $0.13 to $0.14. 2U reported earnings per share of $0.04 in the same quarter last year, which would suggest a positive year over year growth rate of 225%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that 2U will report full year earnings of ($0.10) per share for the current financial year, with EPS estimates ranging from ($0.12) to ($0.09). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.13) to ($0.09). Zacks’ earnings per share averages are an average based on a survey of analysts that follow 2U.

2U (NASDAQ:TWOU) last issued its earnings results on Tuesday, November 7th. The software maker reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. The company had revenue of $70.25 million during the quarter, compared to the consensus estimate of $69.36 million. During the same period in the previous year, the company posted ($0.06) EPS. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year.

Several brokerages have recently commented on TWOU. KeyCorp began coverage on 2U in a research note on Monday, November 20th. They set an “overweight” rating for the company. Citigroup lifted their target price on 2U from $57.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. Robert W. Baird reiterated a “buy” rating and set a $68.00 target price on shares of 2U in a research note on Friday, November 10th. Barrington Research reiterated an “outperform” rating and set a $70.00 target price on shares of 2U in a research note on Wednesday, November 8th. Finally, Oppenheimer lifted their target price on 2U from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. 2U has a consensus rating of “Buy” and a consensus price target of $69.50.

Shares of 2U (NASDAQ:TWOU) traded up $0.50 during midday trading on Friday, hitting $64.60. The stock had a trading volume of 519,037 shares, compared to its average volume of 362,872. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.05. 2U has a one year low of $29.23 and a one year high of $69.27.

In related news, Director John M. Larson sold 150,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $46.79, for a total value of $7,018,500.00. Following the completion of the sale, the director now directly owns 16,065 shares in the company, valued at approximately $751,681.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $52.90, for a total value of $238,050.00. Following the completion of the sale, the director now owns 19,825 shares of the company’s stock, valued at $1,048,742.50. The disclosure for this sale can be found here. Insiders sold a total of 322,378 shares of company stock valued at $17,959,061 over the last 90 days. 8.40% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 2U by 182.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock valued at $123,000 after acquiring an additional 1,693 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in 2U by 21.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock valued at $180,000 after acquiring an additional 677 shares in the last quarter. Principal Financial Group Inc. acquired a new position in 2U in the 1st quarter valued at $208,000. Advisor Group Inc. raised its holdings in 2U by 41.5% in the 2nd quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after acquiring an additional 1,313 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in 2U in the 2nd quarter valued at $222,000.

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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.

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Earnings History and Estimates for 2U (NASDAQ:TWOU)

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