2U Inc (NASDAQ:TWOU) Expected to Post Earnings of -$0.35 Per Share

Analysts expect 2U Inc (NASDAQ:TWOU) to report earnings per share (EPS) of ($0.35) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for 2U’s earnings, with the lowest EPS estimate coming in at ($0.36) and the highest estimate coming in at ($0.33). 2U posted earnings of ($0.19) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 84.2%. The company is expected to issue its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that 2U will report full year earnings of ($0.33) per share for the current year, with EPS estimates ranging from ($0.33) to ($0.32). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.21) per share, with EPS estimates ranging from ($0.32) to $0.20. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for 2U.

2U (NASDAQ:TWOU) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.03. The company had revenue of $122.20 million for the quarter, compared to analysts’ expectations of $121.77 million. 2U had a negative return on equity of 5.85% and a negative net margin of 10.19%. The firm’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) earnings per share.

A number of brokerages have commented on TWOU. ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Oppenheimer reduced their price objective on 2U from $83.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Piper Jaffray Companies reduced their price objective on Apyx Medical to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Credit Suisse Group set a €92.00 ($106.98) price objective on Bayerische Motoren Werke and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, BMO Capital Markets cut Capital Power from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. 2U presently has a consensus rating of “Hold” and a consensus target price of $75.09.

In other 2U news, Director Gregory K. Peters purchased 12,459 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average price of $40.15 per share, for a total transaction of $500,228.85. Following the completion of the purchase, the director now owns 25,744 shares in the company, valued at approximately $1,033,621.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Matthew J. Norden sold 1,650 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $39.31, for a total value of $64,861.50. Following the completion of the transaction, the insider now owns 14,142 shares in the company, valued at approximately $555,922.02. The disclosure for this sale can be found here. Insiders own 4.92% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TWOU. Vanguard Group Inc grew its position in shares of 2U by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 4,811,529 shares of the software maker’s stock worth $361,779,000 after buying an additional 184,555 shares during the period. LPL Financial LLC grew its position in shares of 2U by 11.0% in the 4th quarter. LPL Financial LLC now owns 14,895 shares of the software maker’s stock worth $741,000 after buying an additional 1,472 shares during the period. California Public Employees Retirement System grew its position in shares of 2U by 2.7% in the 4th quarter. California Public Employees Retirement System now owns 77,300 shares of the software maker’s stock worth $3,843,000 after buying an additional 2,032 shares during the period. New York State Common Retirement Fund grew its position in 2U by 2.7% during the 4th quarter. New York State Common Retirement Fund now owns 125,009 shares of the software maker’s stock valued at $6,215,000 after purchasing an additional 3,271 shares during the last quarter. Finally, BlackRock Inc. grew its position in 2U by 3.1% during the 4th quarter. BlackRock Inc. now owns 2,557,923 shares of the software maker’s stock valued at $127,180,000 after purchasing an additional 76,882 shares during the last quarter.

Shares of TWOU traded up $0.21 during midday trading on Wednesday, reaching $39.33. 8,882 shares of the company were exchanged, compared to its average volume of 756,743. The company’s 50-day moving average is $37.58. The stock has a market capitalization of $2.29 billion, a P/E ratio of -62.21 and a beta of 0.93. 2U has a 1-year low of $34.26 and a 1-year high of $94.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.11 and a current ratio of 5.11.

About 2U

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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