American Public Education, Inc. (NASDAQ:APEI) Expected to Announce Quarterly Sales of $69.90 Million

Analysts expect American Public Education, Inc. (NASDAQ:APEI) to announce sales of $69.90 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Public Education’s earnings, with the highest sales estimate coming in at $70.00 million and the lowest estimate coming in at $69.79 million. American Public Education posted sales of $72.80 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 4%. The company is expected to announce its next earnings results after the market closes on Tuesday, August 6th.

According to Zacks, analysts expect that American Public Education will report full year sales of $289.74 million for the current fiscal year, with estimates ranging from $289.44 million to $290.04 million. For the next fiscal year, analysts expect that the company will post sales of $295.17 million, with estimates ranging from $295.00 million to $295.34 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover American Public Education.

American Public Education (NASDAQ:APEI) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. American Public Education had a net margin of 7.45% and a return on equity of 8.38%. The business had revenue of $73.44 million during the quarter, compared to analyst estimates of $73.51 million. During the same period last year, the firm posted $0.35 EPS. The company’s revenue was down 2.0% on a year-over-year basis.

Several research analysts have commented on APEI shares. Zacks Investment Research lowered shares of HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Barrington Research reaffirmed a “buy” rating and set a $135.00 price objective on shares of Affiliated Managers Group in a research note on Tuesday, April 30th. BidaskClub lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, TheStreet raised shares of ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $38.00.

Shares of APEI stock traded down $0.31 on Friday, reaching $31.44. The company’s stock had a trading volume of 64,084 shares, compared to its average volume of 67,300. The stock’s fifty day simple moving average is $29.49. American Public Education has a 1 year low of $26.37 and a 1 year high of $46.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.88 and a quick ratio of 5.88. The stock has a market capitalization of $521.46 million, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.45 and a beta of 0.81.

Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in American Public Education in the first quarter worth about $41,000. Quantamental Technologies LLC bought a new position in American Public Education in the first quarter worth about $49,000. PNC Financial Services Group Inc. raised its holdings in American Public Education by 388.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,782 shares of the company’s stock worth $51,000 after purchasing an additional 1,417 shares in the last quarter. Marshall Wace LLP bought a new position in American Public Education in the first quarter worth about $56,000. Finally, BNP Paribas Arbitrage SA raised its holdings in American Public Education by 131.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,599 shares of the company’s stock worth $108,000 after purchasing an additional 2,044 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

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.

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Earnings History and Estimates for American Public Education (NASDAQ:APEI)

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