American Public Education (NASDAQ:APEI) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

American Public Education (NASDAQ:APEI) issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.06, Briefing.com reports. The firm had revenue of $72.80 million for the quarter, compared to the consensus estimate of $73.14 million. American Public Education had a net margin of 7.97% and a return on equity of 8.61%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 EPS. American Public Education updated its Q3 guidance to $0.28-0.33 EPS.

Shares of NASDAQ:APEI traded down $0.45 during mid-day trading on Friday, hitting $34.75. The company had a trading volume of 70,700 shares, compared to its average volume of 132,231. The firm has a market capitalization of $590.44 million, a P/E ratio of 27.09, a P/E/G ratio of 1.49 and a beta of 0.65. American Public Education has a one year low of $17.70 and a one year high of $46.15.

In other news, insider Wallace E. Jr. Boston sold 4,000 shares of American Public Education stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $43.65, for a total value of $174,600.00. Following the completion of the sale, the insider now owns 382,801 shares in the company, valued at approximately $16,709,263.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 8,300 shares of company stock valued at $357,168 in the last quarter. 3.19% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on APEI shares. BidaskClub upgraded shares of American Public Education from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Barrington Research upgraded shares of American Public Education from a “market perform” rating to an “outperform” rating and set a $47.00 price target on the stock in a research report on Wednesday, May 9th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of American Public Education from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday, May 4th. Piper Jaffray Companies restated a “hold” rating and issued a $41.00 price target on shares of American Public Education in a research report on Thursday, August 9th. Finally, ValuEngine downgraded shares of American Public Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.25.

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.

See Also: What is a Tariff?

Earnings History for American Public Education (NASDAQ:APEI)

Receive News & Ratings for American Public Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Public Education and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply