$121.83 Million in Sales Expected for 2U Inc (TWOU) This Quarter

Analysts expect 2U Inc (NASDAQ:TWOU) to announce sales of $121.83 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for 2U’s earnings, with the highest sales estimate coming in at $122.07 million and the lowest estimate coming in at $121.74 million. 2U posted sales of $92.29 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 32%. The company is expected to announce its next earnings results after the market closes on Tuesday, May 7th.

According to Zacks, analysts expect that 2U will report full year sales of $548.33 million for the current fiscal year, with estimates ranging from $547.52 million to $548.77 million. For the next fiscal year, analysts expect that the company 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 a mean average based on a survey of research analysts that cover 2U.

2U (NASDAQ:TWOU) last issued its quarterly earnings data on Monday, February 25th. The software maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $115.10 million during the quarter, compared to analysts’ expectations of $114.90 million. 2U had a negative net margin of 9.31% and a negative return on equity of 5.77%. 2U’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share.

Several equities analysts recently commented on the stock. BidaskClub cut shares of 2U from a “sell” rating to a “strong sell” rating in a research note on Friday. BMO Capital Markets boosted their price target on shares of 2U from $72.00 to $83.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. KeyCorp boosted their price target on shares of 2U from $65.00 to $80.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of 2U in a research note on Tuesday, February 26th. Finally, Credit Suisse Group boosted their price target on shares of 2U from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $87.00.

Shares of NASDAQ:TWOU opened at $62.47 on Friday. The company has a market cap of $3.52 billion, a P/E ratio of -99.16 and a beta of 0.64. 2U has a 12 month low of $44.50 and a 12 month high of $98.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.62 and a quick ratio of 7.62.

A number of hedge funds have recently added to or reduced their stakes in TWOU. Tompkins Financial Corp purchased a new position in 2U in the 4th quarter worth approximately $26,000. Rehmann Capital Advisory Group purchased a new position in 2U in the 4th quarter worth approximately $34,000. Captrust Financial Advisors grew its stake in 2U by 352.8% in the 4th quarter. Captrust Financial Advisors now owns 1,046 shares of the software maker’s stock worth $52,000 after buying an additional 815 shares in the last quarter. Mycio Wealth Partners LLC bought a new stake in shares of 2U in the 4th quarter worth approximately $74,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of 2U by 94.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,576 shares of the software maker’s stock worth $78,000 after acquiring an additional 764 shares during the last quarter.

About 2U

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.

Featured Story: 52-Week High/Low Prices For Stock Selection

Get a free copy of the Zacks research report on 2U (TWOU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for 2U Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U and related companies with MarketBeat.com's FREE daily email newsletter.