Wall Street analysts expect American Public Education, Inc. (NASDAQ:APEI) to announce $72.89 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for American Public Education’s earnings, with estimates ranging from $72.77 million to $73.00 million. American Public Education posted sales of $72.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, August 8th.
On average, analysts expect that American Public Education will report full year sales of $302.46 million for the current fiscal year, with estimates ranging from $301.47 million to $303.44 million. For the next year, analysts expect that the firm will post sales of $311.62 million per share, with estimates ranging from $310.00 million to $313.23 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover American Public Education.
Get American Public Education alerts:American Public Education (NASDAQ:APEI) last issued its earnings results on Tuesday, May 8th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $75.00 million for the quarter, compared to analysts’ expectations of $75.13 million. American Public Education had a net margin of 7.10% and a return on equity of 7.90%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share.
Several brokerages recently weighed in on APEI. Sidoti began coverage on shares of American Public Education in a report on Monday, June 25th. They issued a “neutral” rating on the stock. BidaskClub raised shares of American Public Education from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Barrington Research raised shares of American Public Education from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a report on Wednesday, May 9th. They noted that the move was a valuation call. Zacks Investment Research raised shares of American Public Education from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Friday, May 4th. Finally, ValuEngine raised shares of American Public Education from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $40.75.
NASDAQ:APEI traded up $1.05 during mid-day trading on Friday, hitting $43.15. The stock had a trading volume of 70,800 shares, compared to its average volume of 141,439. The stock has a market cap of $690.41 million, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 1.72 and a beta of 0.67. American Public Education has a twelve month low of $17.40 and a twelve month high of $45.75.
In other American Public Education news, insider Wallace E. Jr. Boston sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $43.08, for a total transaction of $172,320.00. Following the sale, the insider now owns 390,901 shares of the company’s stock, valued at $16,840,015.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 4,800 shares of company stock worth $205,785. 3.19% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in American Public Education during the first quarter worth approximately $101,000. Wells Fargo & Company MN increased its holdings in shares of American Public Education by 9.9% in the 1st quarter. Wells Fargo & Company MN now owns 26,964 shares of the company’s stock valued at $1,160,000 after acquiring an additional 2,436 shares during the period. Northern Trust Corp increased its holdings in shares of American Public Education by 1.3% in the 1st quarter. Northern Trust Corp now owns 206,148 shares of the company’s stock valued at $8,864,000 after acquiring an additional 2,628 shares during the period. Bailard Inc. increased its holdings in shares of American Public Education by 21.3% in the 1st quarter. Bailard Inc. now owns 18,200 shares of the company’s stock valued at $783,000 after acquiring an additional 3,200 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of American Public Education in the 1st quarter valued at $168,000. 94.14% of the stock is currently owned by institutional investors.
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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