2U (TWOU) Expected to Announce Earnings of -$0.13 Per Share

Equities analysts predict that 2U (NASDAQ:TWOU) will announce earnings of ($0.13) per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for 2U’s earnings. 2U posted earnings per share of $0.01 in the same quarter last year, which indicates a negative year over year growth rate of 1,400%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, May 3rd.

On average, analysts expect that 2U will report full-year earnings of ($0.13) per share for the current fiscal year, with EPS estimates ranging from ($0.14) to ($0.12). For the next fiscal year, analysts forecast that the company will post earnings of $0.05 per share, with EPS estimates ranging from ($0.07) to $0.11. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover 2U.

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2U (NASDAQ:TWOU) last posted its earnings results on Monday, February 26th. The software maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $86.70 million for the quarter, compared to analyst estimates of $85.12 million. 2U had a negative return on equity of 9.54% and a negative net margin of 10.26%. 2U’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share.

Several analysts recently commented on TWOU shares. Goldman Sachs started coverage on 2U in a report on Tuesday, March 27th. They set a “neutral” rating and a $92.00 target price on the stock. Credit Suisse Group raised their target price on 2U from $87.00 to $100.00 and gave the stock a “positive” rating in a report on Monday, March 26th. KeyCorp reaffirmed an “overweight” rating and set a $90.00 target price (up from $83.00) on shares of 2U in a report on Tuesday, February 27th. Zacks Investment Research raised 2U from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Friday, January 12th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $92.00 target price (up from $80.00) on shares of 2U in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. 2U has a consensus rating of “Buy” and an average target price of $86.17.

In other 2U news, Director Mark Chernis sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $85.65, for a total value of $856,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Kenigsberg sold 9,918 shares of the firm’s stock in a transaction that occurred on Monday, April 9th. The shares were sold at an average price of $84.30, for a total value of $836,087.40. Following the completion of the sale, the insider now directly owns 52,180 shares in the company, valued at $4,398,774. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,993 shares of company stock worth $5,689,172. 8.40% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. We Are One Seven LLC acquired a new stake in shares of 2U in the fourth quarter worth approximately $167,000. Kovack Advisors Inc. purchased a new position in 2U during the fourth quarter worth approximately $204,000. Oppenheimer & Co. Inc. purchased a new position in 2U during the fourth quarter worth approximately $213,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in 2U by 37.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,596 shares of the software maker’s stock worth $232,000 after buying an additional 974 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new position in 2U during the fourth quarter worth approximately $314,000.

2U stock traded up $2.91 during midday trading on Tuesday, hitting $85.59. 319,957 shares of the company were exchanged, compared to its average volume of 452,542. The firm has a market cap of $4,390.17, a price-to-earnings ratio of -158.63 and a beta of -0.09. 2U has a fifty-two week low of $39.58 and a fifty-two week high of $91.00. The company has a quick ratio of 4.28, a current ratio of 4.28 and a debt-to-equity ratio of 0.06.

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2U Company Profile

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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Earnings History and Estimates for 2U (NASDAQ:TWOU)

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