American Public Education (NASDAQ:APEI) Issues Earnings Results, Beats Expectations By $0.09 EPS

American Public Education (NASDAQ:APEIGet Rating) issued its quarterly earnings data on Tuesday. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09, Fidelity Earnings reports. American Public Education had a net margin of 3.09% and a return on equity of 2.95%. During the same quarter in the prior year, the company posted $0.49 EPS. American Public Education updated its Q2 2022 guidance to 0-$0.07 EPS.

NASDAQ:APEI traded down $0.18 during mid-day trading on Friday, hitting $13.57. 187,817 shares of the company’s stock were exchanged, compared to its average volume of 42,664. American Public Education has a one year low of $12.82 and a one year high of $30.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.42 and a quick ratio of 2.42. The business has a fifty day moving average price of $21.25 and a 200 day moving average price of $21.69. The company has a market cap of $255.93 million, a PE ratio of 16.96, a P/E/G ratio of 0.99 and a beta of 0.62.

A number of large investors have recently bought and sold shares of APEI. Morgan Stanley boosted its stake in American Public Education by 58.2% during the second quarter. Morgan Stanley now owns 73,471 shares of the company’s stock worth $2,082,000 after acquiring an additional 27,021 shares in the last quarter. Royal Bank of Canada boosted its stake in American Public Education by 21.6% during the second quarter. Royal Bank of Canada now owns 6,607 shares of the company’s stock worth $188,000 after acquiring an additional 1,173 shares in the last quarter. Citadel Advisors LLC boosted its stake in American Public Education by 108.9% during the third quarter. Citadel Advisors LLC now owns 17,714 shares of the company’s stock worth $454,000 after acquiring an additional 9,233 shares in the last quarter. Millennium Management LLC bought a new stake in American Public Education during the third quarter worth about $665,000. Finally, BNP Paribas Arbitrage SA boosted its stake in American Public Education by 104.9% during the third quarter. BNP Paribas Arbitrage SA now owns 19,877 shares of the company’s stock worth $509,000 after acquiring an additional 10,177 shares in the last quarter. 96.55% of the stock is currently owned by institutional investors and hedge funds.

APEI has been the topic of a number of research reports. StockNews.com lowered shares of American Public Education from a “buy” rating to a “hold” rating in a research note on Thursday. Barrington Research cut their target price on shares of American Public Education from $25.00 to $20.00 in a research note on Wednesday. Zacks Investment Research lowered shares of American Public Education from a “hold” rating to a “strong sell” rating and set a $17.00 target price on the stock. in a research note on Tuesday, March 1st. Finally, Truist Financial cut their target price on shares of American Public Education from $26.00 to $21.00 in a research note on Thursday.

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.

Further Reading

Earnings History for American Public Education (NASDAQ:APEI)

Receive News & Ratings for American Public Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Public Education and related companies with MarketBeat.com's FREE daily email newsletter.