American Public Education (NASDAQ:APEI) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.28-0.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.39.
Shares of American Public Education traded down $0.15, hitting $43.45, during trading hours on Wednesday, according to MarketBeat.com. The stock had a trading volume of 76,956 shares, compared to its average volume of 131,257. The firm has a market capitalization of $710.09 million, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 1.77 and a beta of 0.65. American Public Education has a 12-month low of $17.40 and a 12-month high of $46.15.
American Public Education (NASDAQ:APEI) last issued its earnings results on Tuesday, May 8th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $75.00 million for the quarter, compared to analyst estimates of $75.13 million. American Public Education had a return on equity of 7.90% and a net margin of 7.10%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. equities research analysts forecast that American Public Education will post 1.63 EPS for the current year.
APEI has been the topic of several research reports. BidaskClub lowered American Public Education from a hold rating to a sell rating in a research report on Wednesday. Zacks Investment Research lowered American Public Education from a strong-buy rating to a hold rating in a research report on Monday, July 30th. Sidoti initiated coverage on American Public Education in a research report on Monday, June 25th. They issued a neutral rating on the stock. Finally, Barrington Research raised American Public Education from a market perform rating to an outperform rating and set a $47.00 target price on the stock in a research report on Wednesday, May 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. American Public Education presently has a consensus rating of Hold and an average target price of $40.75.
In related news, insider Wallace E. Jr. Boston sold 4,000 shares of the stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $42.34, for a total value of $169,360.00. Following the completion of the sale, the insider now directly owns 386,901 shares in the company, valued at approximately $16,381,388.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 12,300 shares of company stock valued at $529,488. 3.19% of the stock is owned by insiders.
About American Public Education
American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education. The company operates through two segments, American Public Education and Hondros College of Nursing. It offers 108 degree programs and 109 certificate programs in various fields of study, including business administration, health science, technology, criminal justice, education, and liberal arts, as well as national security, military studies, intelligence, and homeland security.
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