-$0.23 EPS Expected for 2U, Inc. (TWOU) This Quarter

Brokerages expect that 2U, Inc. (NASDAQ:TWOU) will announce earnings per share (EPS) of ($0.23) for the current quarter, according to Zacks. Four analysts have made estimates for 2U’s earnings. 2U reported earnings of ($0.18) per share in the same quarter last year, which suggests a negative year over year growth rate of 27.8%. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, August 7th.

According to Zacks, analysts expect that 2U will report full-year earnings of ($0.54) per share for the current financial year, with EPS estimates ranging from ($0.55) to ($0.53). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.57) per share, with EPS estimates ranging from ($0.61) to ($0.52). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow 2U.

TWOU has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 price target (up from $43.00) on shares of 2U in a research report on Monday, April 10th. Zacks Investment Research lowered 2U from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub raised 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. BMO Capital Markets lifted their price objective on 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, TheStreet raised 2U from a “d” rating to a “c” rating in a report on Monday, March 27th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. 2U currently has a consensus rating of “Buy” and a consensus target price of $47.80.

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In related news, Director John M. Larson sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $41.42, for a total value of $1,863,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $44.12, for a total value of $198,540.00. Following the completion of the sale, the director now owns 19,825 shares of the company’s stock, valued at approximately $874,679. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,210 shares of company stock valued at $3,004,564. 8.40% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in 2U by 1.0% in the second quarter. US Bancorp DE now owns 17,354 shares of the software maker’s stock worth $814,000 after buying an additional 169 shares in the last quarter. Rehmann Capital Advisory Group bought a new stake in 2U during the second quarter worth approximately $204,000. NN Investment Partners Holdings N.V. bought a new stake in 2U during the second quarter worth approximately $3,660,000. Columbia Partners L L C Investment Management bought a new stake in 2U during the first quarter worth approximately $261,000. Finally, Goldman Sachs Group Inc. increased its stake in 2U by 268.8% in the first quarter. Goldman Sachs Group Inc. now owns 91,047 shares of the software maker’s stock worth $3,611,000 after buying an additional 66,361 shares in the last quarter.

Shares of 2U (TWOU) traded up 0.80% during mid-day trading on Friday, reaching $50.45. 105,131 shares of the company were exchanged. The stock has a 50 day moving average price of $46.10 and a 200-day moving average price of $40.35. 2U has a 12 month low of $29.23 and a 12 month high of $50.66. The stock’s market capitalization is $2.40 billion.

2U Company Profile

2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.

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