American Public Education, Inc. (NASDAQ:APEI) - Equities researchers at First Analysis dropped their FY2017 earnings estimates for shares of American Public Education in a note issued to investors on Wednesday. First Analysis analyst C. Greendale now anticipates that the company will post earnings per share of $0.99 for the year, down from their previous estimate of $1.03. First Analysis also issued estimates for American Public Education’s FY2018 earnings at $0.86 EPS.
American Public Education (NASDAQ:APEI) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.23. American Public Education had a return on equity of 7.87% and a net margin of 5.18%. The company had revenue of $72.20 million during the quarter, compared to the consensus estimate of $70.40 million. During the same period last year, the company earned $0.41 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year.
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Other research analysts have also issued research reports about the company. Zacks Investment Research lowered American Public Education from a “strong-buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of American Public Education in a research report on Friday. Finally, BidaskClub lowered American Public Education from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.
American Public Education (APEI) opened at 18.90 on Friday. The company has a market capitalization of $307.09 million, a P/E ratio of 19.85 and a beta of 1.17. American Public Education has a 12 month low of $14.75 and a 12 month high of $27.20. The stock’s 50 day moving average price is $22.32 and its 200-day moving average price is $22.68.
Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its position 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 in the last quarter. Norges Bank purchased a new position in shares of American Public Education during the fourth quarter valued at about $3,123,000. Vanguard Group Inc. raised its position 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of American Public Education by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,161,716 shares of the company’s stock valued at $27,475,000 after buying an additional 69,379 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new position in shares of American Public Education during the fourth quarter valued at about $1,231,000. 93.52% of the stock is owned by hedge funds and other institutional investors.
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.
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