2U (TWOU) Issues Q4 2018 Earnings Guidance

2U (NASDAQ:TWOU) updated its fourth quarter 2018 earnings guidance on Monday. The company provided EPS guidance of $0.20-0.21 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.22. The company issued revenue guidance of $114.4-115.3 million, compared to the consensus revenue estimate of $114.94 million.2U also updated its FY 2018 guidance to $-0.09–0.08 EPS.

Several analysts have recently issued reports on the company. DA Davidson assumed coverage on 2U in a report on Wednesday, August 29th. They set a buy rating and a $98.00 price objective on the stock. Piper Jaffray Companies assumed coverage on 2U in a report on Thursday, September 6th. They set a neutral rating and a $94.00 price objective on the stock. BidaskClub cut 2U from a buy rating to a hold rating in a report on Saturday, September 15th. ValuEngine raised 2U from a buy rating to a strong-buy rating in a report on Thursday, August 2nd. Finally, Barrington Research reaffirmed a buy rating and set a $100.00 price objective on shares of 2U in a report on Friday, August 3rd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $90.00.

NASDAQ:TWOU traded down $0.52 during midday trading on Monday, hitting $63.28. 588,228 shares of the company traded hands, compared to its average volume of 590,488. 2U has a 12-month low of $57.84 and a 12-month high of $98.58. The firm has a market capitalization of $3.66 billion, a PE ratio of -117.19 and a beta of 0.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.71 and a current ratio of 5.71.

2U (NASDAQ:TWOU) last released its quarterly earnings results on Thursday, August 2nd. The software maker reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.21. 2U had a negative return on equity of 9.91% and a negative net margin of 13.69%. The company had revenue of $97.40 million for the quarter, compared to analyst estimates of $95.84 million. During the same quarter in the prior year, the firm posted ($0.11) EPS. 2U’s quarterly revenue was up 49.8% compared to the same quarter last year. Equities analysts forecast that 2U will post -0.71 EPS for the current year.

In related news, CEO Christopher J. Paucek sold 75,000 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $84.42, for a total transaction of $6,331,500.00. Following the sale, the chief executive officer now owns 605,191 shares in the company, valued at approximately $51,090,224.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mark Chernis sold 10,000 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total value of $840,400.00. Following the sale, the chief operating officer now owns 43,602 shares in the company, valued at approximately $3,664,312.08. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

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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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