2U Inc (TWOU) Expected to Post Quarterly Sales of $121.83 Million

Brokerages forecast that 2U Inc (NASDAQ:TWOU) will report $121.83 million in sales for the current fiscal quarter, Zacks 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 reported sales of $92.29 million during the same quarter last year, which indicates a positive year-over-year growth rate of 32%. The firm is scheduled to issue 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 fiscal year, with estimates ranging from $547.52 million to $548.77 million. For the next fiscal year, analysts anticipate 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 analysts that cover 2U.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Monday, February 25th. The software maker reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The firm 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 quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS.

Several research firms have recently commented on TWOU. Oppenheimer raised their target price on shares of 2U from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. Barrington Research restated an “outperform” rating and issued a $90.00 target price (up previously from $75.00) on shares of 2U in a research note on Tuesday, February 26th. Credit Suisse Group raised their target price 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. BMO Capital Markets raised their target price 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. Finally, DA Davidson raised their target price on shares of 2U to $88.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 26th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $87.00.

Several institutional investors and hedge funds have recently made changes to their positions in TWOU. FMR LLC increased its holdings in shares of 2U by 21.9% in the 4th 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 holdings in shares of 2U by 92.5% in the 4th quarter. Riverbridge Partners LLC now owns 1,893,175 shares of the software maker’s stock valued at $94,129,000 after purchasing an additional 909,772 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of 2U by 112.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,451,806 shares of the software maker’s stock valued at $72,184,000 after purchasing an additional 767,352 shares in the last quarter. Brown Advisory Inc. increased its holdings in 2U by 250.2% during the 4th quarter. Brown Advisory Inc. now owns 607,012 shares of the software maker’s stock valued at $30,180,000 after acquiring an additional 433,668 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in 2U by 45.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 897,043 shares of the software maker’s stock valued at $67,448,000 after acquiring an additional 281,011 shares in the last quarter.

Shares of NASDAQ:TWOU opened at $65.51 on Friday. The firm has a market cap of $3.88 billion, a P/E ratio of -103.98 and a beta of 0.74. The company has a quick ratio of 7.62, a current ratio of 7.62 and a debt-to-equity ratio of 0.03. 2U has a 1-year low of $44.50 and a 1-year high of $98.58.

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.

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

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