American Public Education, Inc. (NASDAQ:APEI) released its earnings results on Tuesday, August 8th. The company reported $0.23 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.23, Briefing.com reports. The company had revenue of $72.20 million for the quarter, compared to analysts’ expectations of $70.40 million. American Public Education had a return on equity of 7.87% and a net margin of 5.18%. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. American Public Education updated its Q3 guidance to $0.18-0.23 EPS.
Shares of American Public Education (APEI) traded up 1.12% during mid-day trading on Friday, reaching $18.10. The company’s stock had a trading volume of 85,028 shares. The company has a 50-day moving average price of $21.62 and a 200 day moving average price of $22.48. The company has a market cap of $294.09 million, a PE ratio of 19.01 and a beta of 1.17. American Public Education has a 52-week low of $14.75 and a 52-week high of $27.20.
A number of large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its stake in shares of American Public Education by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 6,524 shares of the company’s stock valued at $149,000 after buying an additional 910 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of American Public Education by 38.9% in the second quarter. BNP Paribas Arbitrage SA now owns 6,601 shares of the company’s stock valued at $156,000 after buying an additional 1,850 shares during the period. Arizona State Retirement System purchased a new stake in shares of American Public Education during the second quarter valued at approximately $201,000. Brandywine Global Investment Management LLC purchased a new stake in shares of American Public Education during the second quarter valued at approximately $209,000. Finally, Voya Investment Management LLC purchased a new stake in shares of American Public Education during the second quarter valued at approximately $221,000. 93.57% of the stock is currently owned by institutional investors.
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A number of research analysts have weighed in on APEI shares. Zacks Investment Research lowered American Public Education from a “strong-buy” rating to a “hold” rating in a report on Friday, August 11th. BMO Capital Markets reaffirmed a “hold” rating and issued a $19.00 target price on shares of American Public Education in a research note on Friday, August 11th. Finally, BidaskClub lowered American Public Education from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.
American Public Education Company Profile
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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