American Public Education, Inc. (NASDAQ:APEI) Issues Q3 Earnings Guidance
American Public Education, Inc. (NASDAQ:APEI) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.18-0.23 for the period, compared to the Thomson Reuters consensus EPS 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.
American Public Education, Inc. (NASDAQ:APEI) traded down 12.47% during midday trading on Wednesday, reaching $18.95. The company’s stock had a trading volume of 33,671 shares. The firm’s 50-day moving average price is $22.93 and its 200-day moving average price is $22.84. American Public Education, Inc. has a 52 week low of $14.75 and a 52 week high of $30.78. The stock has a market capitalization of $307.62 million, a PE ratio of 16.76 and a beta of 1.17.
American Public Education (NASDAQ:APEI) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.23 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $72.20 million during the quarter, compared to the consensus estimate of $70.40 million. American Public Education had a return on equity of 9.07% and a net margin of 6.01%. American Public Education’s revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. On average, analysts anticipate that American Public Education, Inc. will post $1.06 earnings per share for the current year.
APEI has been the subject of several analyst reports. Zacks Investment Research downgraded American Public Education from a hold rating to a sell rating in a 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 report on Wednesday, May 10th. Finally, BidaskClub downgraded American Public Education from a hold rating to a sell rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. American Public Education has a consensus rating of Hold and an average price target of $24.67.
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About American Public Education
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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