$157.13 Million in Sales Expected for American Public Education, Inc. (NASDAQ:APEI) This Quarter

Brokerages predict that American Public Education, Inc. (NASDAQ:APEIGet Rating) will post sales of $157.13 million for the current quarter, Zacks reports. Four analysts have provided estimates for American Public Education’s earnings, with the highest sales estimate coming in at $157.62 million and the lowest estimate coming in at $156.90 million. American Public Education posted sales of $88.54 million during the same quarter last year, which suggests a positive year over year growth rate of 77.5%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that American Public Education will report full-year sales of $625.54 million for the current year, with estimates ranging from $624.40 million to $626.54 million. For the next year, analysts forecast that the firm will post sales of $655.70 million, with estimates ranging from $655.00 million to $656.09 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for American Public Education.

American Public Education (NASDAQ:APEIGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.15. American Public Education had a return on equity of 4.37% and a net margin of 4.24%. The company had revenue of $154.00 million for the quarter, compared to analyst estimates of $152.10 million. During the same quarter last year, the firm earned $0.47 EPS.

Several analysts recently commented on APEI shares. Truist Financial decreased their price target on American Public Education from $36.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, March 4th. Zacks Investment Research lowered American Public Education from a “hold” rating to a “strong sell” rating and set a $17.00 price target on the stock. in a research note on Tuesday, March 1st. Finally, StockNews.com raised American Public Education from a “hold” rating to a “buy” rating in a research note on Thursday.

Shares of NASDAQ:APEI opened at $20.76 on Monday. American Public Education has a 1-year low of $16.97 and a 1-year high of $33.08. The firm has a market capitalization of $391.45 million, a PE ratio of 20.55, a PEG ratio of 1.17 and a beta of 0.60. The business’s 50 day moving average is $21.30 and its 200-day moving average is $22.26. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.37.

A number of institutional investors have recently bought and sold shares of APEI. Denali Advisors LLC acquired a new position in American Public Education in the fourth quarter worth $56,000. Marshall Wace LLP acquired a new position in American Public Education in the first quarter worth $56,000. Canada Pension Plan Investment Board acquired a new position in American Public Education in the fourth quarter worth $134,000. Allspring Global Investments Holdings LLC acquired a new position in American Public Education in the fourth quarter worth $173,000. Finally, Royal Bank of Canada boosted its stake in American Public Education by 9.5% in the third quarter. Royal Bank of Canada now owns 7,234 shares of the company’s stock worth $185,000 after purchasing an additional 627 shares in the last quarter. 94.15% of the stock is currently owned by institutional investors.

About American Public Education (Get Rating)

American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education. The company operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. It offers 130 degree programs and 111 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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