Zacks: Brokerages Expect American Public Education, Inc. (APEI) Will Post Quarterly Sales of $73.50 Million

Analysts predict that American Public Education, Inc. (NASDAQ:APEI) will report sales of $73.50 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for American Public Education’s earnings, with the lowest sales estimate coming in at $73.10 million and the highest estimate coming in at $73.90 million. American Public Education reported sales of $74.97 million during the same quarter last year, which indicates a negative year over year growth rate of 2%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, May 7th.

On average, analysts expect that American Public Education will report full-year sales of $295.80 million for the current year, with estimates ranging from $294.40 million to $297.20 million. For the next year, analysts forecast that the business will post sales of $306.75 million, with estimates ranging from $305.00 million to $308.49 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for American Public Education.

American Public Education (NASDAQ:APEI) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $76.93 million for the quarter, compared to analyst estimates of $77.43 million. American Public Education had a net margin of 8.61% and a return on equity of 8.76%.

Several brokerages have commented on APEI. BidaskClub upgraded shares of American Public Education from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. ValuEngine downgraded American Public Education from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. BMO Capital Markets increased their price objective on American Public Education to $33.00 and gave the company a “market perform” rating in a report on Wednesday, March 13th. TheStreet raised American Public Education from a “c+” rating to a “b-” rating in a report on Monday, March 11th. Finally, Zacks Investment Research raised American Public Education from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $39.75.

Several hedge funds have recently bought and sold shares of APEI. Meeder Asset Management Inc. acquired a new stake in shares of American Public Education in the first quarter valued at approximately $41,000. PNC Financial Services Group Inc. lifted its holdings in shares of American Public Education by 388.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,782 shares of the company’s stock worth $51,000 after purchasing an additional 1,417 shares during the period. LS Investment Advisors LLC lifted its holdings in shares of American Public Education by 459.2% during the fourth quarter. LS Investment Advisors LLC now owns 2,578 shares of the company’s stock worth $73,000 after purchasing an additional 2,117 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in shares of American Public Education during the fourth quarter worth $135,000. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of American Public Education by 374.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,562 shares of the company’s stock worth $158,000 after purchasing an additional 4,390 shares during the period. 93.18% of the stock is owned by institutional investors and hedge funds.

American Public Education stock traded down $1.11 during mid-day trading on Friday, hitting $33.40. The company had a trading volume of 99,195 shares, compared to its average volume of 80,551. The firm has a market capitalization of $542.04 million, a P/E ratio of 20.62, a P/E/G ratio of 1.35 and a beta of 0.70. American Public Education has a 1 year low of $26.37 and a 1 year high of $46.15.

About American Public Education

American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education. The company operates through two segments, American Public Education and Hondros College of Nursing. It offers 108 degree programs and 109 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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Earnings History and Estimates for American Public Education (NASDAQ:APEI)

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