Wall Street brokerages expect that 2U Inc (NASDAQ:TWOU) will post $121.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for 2U’s earnings, with the lowest sales estimate coming in at $121.74 million and the highest estimate coming in at $122.07 million. 2U posted sales of $92.29 million in the same quarter last year, which would indicate a positive year over year growth rate of 32%. The business is scheduled to report its next quarterly earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that 2U will report full year sales of $548.33 million for the current year, with estimates ranging from $547.52 million to $548.77 million. For the next year, analysts expect that the firm will post sales of $721.49 million, with estimates ranging from $716.21 million to $730.52 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for 2U.

2U (NASDAQ:TWOU) last announced its quarterly earnings results on Monday, February 25th. The software maker reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The business had revenue of $115.10 million for the quarter, compared to analysts’ expectations of $114.90 million. 2U had a negative return on equity of 5.77% and a negative net margin of 9.31%. The business’s quarterly revenue was up 32.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS.

A number of brokerages have commented on TWOU. Oppenheimer lifted their price target on 2U from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. Barrington Research reaffirmed an “outperform” rating and issued a $90.00 price target (up from $75.00) on shares of 2U in a research note on Tuesday, February 26th. Credit Suisse Group lifted their price target on 2U from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. BMO Capital Markets lifted their price target on 2U from $72.00 to $83.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. Finally, DA Davidson boosted their target price on 2U to $88.00 and gave the company an “in-line” rating in a research note on Tuesday, February 26th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.00.

2U stock traded down $0.56 during trading hours on Friday, reaching $64.90. The company had a trading volume of 501,500 shares, compared to its average volume of 555,432. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.62 and a quick ratio of 7.62. The stock has a market capitalization of $3.81 billion, a P/E ratio of -103.02 and a beta of 0.74. 2U has a 12-month low of $44.50 and a 12-month high of $98.58.

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of 2U by 21.9% during the fourth quarter. FMR LLC now owns 6,491,721 shares of the software maker’s stock valued at $322,768,000 after purchasing an additional 1,168,375 shares in the last quarter. Riverbridge Partners LLC increased its position in 2U by 92.5% in the fourth quarter. Riverbridge Partners LLC now owns 1,893,175 shares of the software maker’s stock worth $94,129,000 after buying an additional 909,772 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in 2U by 112.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,451,806 shares of the software maker’s stock worth $72,184,000 after buying an additional 767,352 shares in the last quarter. Brown Advisory Inc. increased its position in 2U by 250.2% in the fourth quarter. Brown Advisory Inc. now owns 607,012 shares of the software maker’s stock worth $30,180,000 after buying an additional 433,668 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in 2U by 45.6% in the third quarter. Bank of New York Mellon Corp now owns 897,043 shares of the software maker’s stock worth $67,448,000 after buying an additional 281,011 shares in the last quarter.

2U Company Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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

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