American Public Education (NASDAQ:APEI) Issues Q3 2024 Earnings Guidance

American Public Education (NASDAQ:APEIGet Free Report) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of -0.060-0.050 for the period, compared to the consensus estimate of 0.310. The company issued revenue guidance of $152.0 million-$155.0 million, compared to the consensus revenue estimate of $157.0 million. American Public Education also updated its FY 2024 guidance to EPS.

Analyst Ratings Changes

A number of analysts have weighed in on the company. B. Riley increased their target price on American Public Education from $15.00 to $16.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. StockNews.com downgraded shares of American Public Education from a strong-buy rating to a buy rating in a research note on Wednesday. Finally, Barrington Research lowered their price objective on shares of American Public Education from $24.00 to $18.00 and set an outperform rating for the company in a research report on Wednesday.

Check Out Our Latest Analysis on American Public Education

American Public Education Stock Up 2.6 %

American Public Education stock traded up $0.34 during trading hours on Friday, reaching $13.60. The stock had a trading volume of 248,588 shares, compared to its average volume of 218,901. American Public Education has a 52 week low of $4.05 and a 52 week high of $21.04. The business’s 50 day moving average price is $17.48 and its 200-day moving average price is $14.92. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.81. The company has a market cap of $239.02 million, a price-to-earnings ratio of -5.06, a PEG ratio of 1.72 and a beta of 1.31.

American Public Education (NASDAQ:APEIGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. The firm had revenue of $154.43 million for the quarter, compared to analyst estimates of $152.34 million. American Public Education had a positive return on equity of 5.97% and a negative net margin of 6.78%. Sell-side analysts anticipate that American Public Education will post 0.72 EPS for the current year.

Insider Transactions at American Public Education

In other news, EVP Craig S. Macgibbon sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $18.40, for a total transaction of $27,600.00. Following the sale, the executive vice president now directly owns 41,783 shares in the company, valued at approximately $768,807.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Craig S. Macgibbon sold 6,519 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $17.35, for a total value of $113,104.65. Following the transaction, the executive vice president now directly owns 37,751 shares of the company’s stock, valued at approximately $654,979.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Craig S. Macgibbon sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $18.40, for a total value of $27,600.00. Following the sale, the executive vice president now owns 41,783 shares of the company’s stock, valued at $768,807.20. The disclosure for this sale can be found here. Corporate insiders own 11.38% of the company’s stock.

American Public Education Company Profile

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American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education and career learning in the United States. It operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. The company offers 184 degree programs and 134 certificate programs in various fields of study, including nursing, national security, military studies, intelligence, homeland security, business, health science, information technology, justice studies, education, and liberal arts; and career learning opportunities in leadership, finance, human resources, and other fields of study critical to the federal government workforce.

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Earnings History and Estimates for American Public Education (NASDAQ:APEI)

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