American Public Education (NASDAQ:APEI) Releases Q3 2024 Earnings Guidance

American Public Education (NASDAQ:APEI) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of -0.060-0.050 for the period, compared to the consensus estimate of 0.310. The company issued revenue guidance of $152.0 million-$155.0 million, compared to the consensus revenue estimate of $157.0 million. American Public Education also updated its FY 2024 guidance to EPS.

American Public Education Price Performance

Shares of NASDAQ:APEI traded up $0.16 during midday trading on Friday, hitting $13.42. The stock had a trading volume of 220,666 shares, compared to its average volume of 218,719. The company’s 50-day moving average price is $17.48 and its 200-day moving average price is $14.92. The company has a market capitalization of $235.86 million, a P/E ratio of -5.06, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31. American Public Education has a fifty-two week low of $4.05 and a fifty-two week high of $21.04. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

American Public Education (NASDAQ:APEI) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. The business had revenue of $154.43 million during the quarter, compared to analysts’ expectations of $152.34 million. American Public Education had a negative net margin of 6.78% and a positive return on equity of 5.97%. As a group, equities research analysts predict that American Public Education will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on APEI. B. Riley upped their price objective on shares of American Public Education from $15.00 to $16.00 and gave the stock a buy rating in a research report on Tuesday, April 30th. Barrington Research reduced their target price on shares of American Public Education from $24.00 to $18.00 and set an outperform rating on the stock in a report on Wednesday. Finally, StockNews.com lowered shares of American Public Education from a strong-buy rating to a buy rating in a report on Wednesday.

Insiders Place Their Bets

In other American Public Education news, EVP Craig S. Macgibbon sold 6,519 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $17.35, for a total transaction of $113,104.65. Following the sale, the executive vice president now directly owns 37,751 shares of the company’s stock, valued at approximately $654,979.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Craig S. Macgibbon sold 1,500 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $18.40, for a total value of $27,600.00. Following the sale, the executive vice president now directly owns 41,783 shares of the company’s stock, valued at approximately $768,807.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Craig S. Macgibbon sold 6,519 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $17.35, for a total transaction of $113,104.65. Following the completion of the sale, the executive vice president now directly owns 37,751 shares in the company, valued at $654,979.85. The disclosure for this sale can be found here. Insiders own 11.38% of the company’s stock.

American Public Education Company Profile

American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education and career learning in the United States. It operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. The company offers 184 degree programs and 134 certificate programs in various fields of study, including nursing, national security, military studies, intelligence, homeland security, business, health science, information technology, justice studies, education, and liberal arts; and career learning opportunities in leadership, finance, human resources, and other fields of study critical to the federal government workforce.