American Public Education, Inc. (APEI) Issues Earnings Results

American Public Education, Inc. (NASDAQ:APEI) issued its earnings results on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.23, Briefing.com reports. American Public Education had a return on equity of 9.07% and a net margin of 6.01%. The firm had revenue of $72.20 million for the quarter, compared to analysts’ expectations of $70.40 million. During the same quarter last year, the business earned $0.41 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. American Public Education updated its Q3 guidance to $0.18-0.23 EPS.

Shares of American Public Education (APEI) traded down 12.47% during trading on Wednesday, reaching $18.95. The company’s stock had a trading volume of 115,178 shares. The company’s 50 day moving average price is $22.76 and its 200 day moving average price is $22.82. American Public Education has a 12 month low of $14.75 and a 12 month high of $30.62. The firm has a market cap of $307.62 million, a PE ratio of 16.76 and a beta of 1.17.

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Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of American Public Education by 8.1% in the first quarter. Vanguard Group Inc. now owns 1,380,390 shares of the company’s stock valued at $31,611,000 after buying an additional 103,993 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Public Education by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,092,337 shares of the company’s stock valued at $25,014,000 after buying an additional 53,210 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of American Public Education by 1.9% in the first quarter. Renaissance Technologies LLC now owns 815,900 shares of the company’s stock valued at $18,684,000 after buying an additional 15,400 shares during the last quarter. FMR LLC boosted its stake in shares of American Public Education by 110.0% in the first quarter. FMR LLC now owns 630,500 shares of the company’s stock valued at $14,438,000 after buying an additional 330,285 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of American Public Education by 8.1% in the first quarter. AQR Capital Management LLC now owns 452,552 shares of the company’s stock valued at $10,363,000 after buying an additional 33,953 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

A number of brokerages have issued reports on APEI. Zacks Investment Research upgraded American Public Education from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a report on Thursday, July 27th. BidaskClub cut American Public Education from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, BMO Capital Markets restated a “hold” rating and set a $24.00 target price on shares of American Public Education in a report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.67.

About American Public Education

American Public Education, Inc provides online and on-campus postsecondary education. The Company provides postsecondary education through its subsidiary institutions, American Public University System, Inc (APUS) and Hondros College of Nursing (HCON). It operates through two segments: American Public Education Segment, which consists of the operational activities of APUS, other corporate activities, and minority investments, and Hondros College of Nursing Segment, which consists of the operational activities of HCON.