American Public Education (NASDAQ:APEI) Updates Third Quarter 2022 Revenue Forecast

American Public Education (NASDAQ:APEI – Get Rating) released an update to its earnings guidance for the third quarter of 2022 on Tuesday morning. The company provided earnings per share guidance of -$0.31 to 0.24 $ for the period, compared to the consensus estimate of earnings per share of $0.14. The company released a revenue forecast of $145.10 million to $148.10 million, compared to the consensus revenue estimate of $151.24 million.

US Public Education Stock Performance

APEI fell $0.01 during trading hours on Tuesday, hitting $15.66. 28,441 shares were traded, against an average volume of 65,203. The stock has a 50-day simple moving average of $15.13 and a 200-day simple moving average of $18.08. American Public Education has a 12 month minimum of $12.82 and a 12 month maximum of $28.40. The stock has a market capitalization of $295.28 million, a price-to-earnings ratio of 19.59, a growth price-to-earnings ratio of 1.61 and a beta of 0.47. The company has a debt ratio of 0.35, a current ratio of 2.40 and a quick ratio of 2.40.

American Public Education (NASDAQ:APEI – Get Rating) released its quarterly results for the last time on Tuesday, May 10. The company reported earnings per share of $0.12 for the quarter, missing analyst consensus estimates of $0.19 per ($0.07). American Public Education achieved a net margin of 3.09% and a return on equity of 2.92%. The company posted revenue of $154.75 million in the quarter, versus analyst estimates of $157.13 million. In the same quarter last year, the company achieved EPS of $0.49. Analysts expect American Public Education to post earnings per share of 0.66 for the current year.

Analyst upgrades and downgrades

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Several equity research analysts have recently released reports on the company. Truist Financial cut its price target on US public education from $26.00 to $21.00 in a Thursday, May 12 report. Barrington Research cut its price target on US public education from $25.00 to $20.00 in a Wednesday, May 11 report. Finally, StockNews.com upgraded American Public Education from a hold rating to a buy rating in a Monday, May 23 report.

Hedge funds weigh on US public education

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its position in American Public Education shares by 6.4% in the first quarter. Bank of America Corp DE now owns 417,046 shares of the company worth $8,858,000 after acquiring 24,927 additional shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in American Public Education by 9.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 259,290 shares of the company valued at $5,508,000 after purchasing an additional 22,703 shares in the last quarter. State Street Corp increased its holdings of American Public Education shares 3.5% in the first quarter. State Street Corp now owns 656,969 shares of the company worth $13,954,000 after acquiring 22,198 additional shares last quarter. Brinker Capital Investments LLC increased its holdings of American Public Education stocks by 65.0% in the first quarter. Brinker Capital Investments LLC now owns 52,049 shares of the company worth $1,106,000 after acquiring 20,499 additional shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in American Public Education stock in the first quarter for a value of approximately $327,000. Institutional investors and hedge funds own 96.55% of the company’s shares.

About American Public Education

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American Public Education, Inc, together with its subsidiaries, provides online and on-campus post-secondary 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 sciences, technology, criminal justice, education, and liberal arts, as well as national security, military studies, intelligence and homeland security.

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US Public Education Revenue History and Estimates (NASDAQ:APEI)

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