2U (TWOU) Issues FY 2018 Earnings Guidance

2U (NASDAQ:TWOU) issued an update on its FY 2018 earnings guidance on Monday morning. The company provided EPS guidance of $-0.09–0.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.09. The company issued revenue guidance of $411-411.9 million, compared to the consensus revenue estimate of $411.14 million.2U also updated its Q4 guidance to $0.20-0.21 EPS.

TWOU stock traded up $3.41 during trading hours on Wednesday, hitting $56.84. 857,858 shares of the stock were exchanged, compared to its average volume of 656,905. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.71 and a quick ratio of 5.71. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of -105.25 and a beta of 0.34. 2U has a 12 month low of $49.72 and a 12 month high of $98.58.

2U (NASDAQ:TWOU) last posted its quarterly earnings data on Monday, November 5th. The software maker reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $106.96 million for the quarter, compared to analysts’ expectations of $106.49 million. 2U had a negative return on equity of 9.91% and a negative net margin of 13.69%. The company’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.15) EPS. Research analysts expect that 2U will post -0.71 EPS for the current year.

TWOU has been the topic of several recent research reports. BidaskClub cut 2U from a hold rating to a sell rating in a research report on Thursday, October 4th. Needham & Company LLC initiated coverage on 2U in a research report on Tuesday, October 23rd. They set a buy rating and a $80.00 price objective on the stock. KeyCorp lowered their price objective on 2U from $100.00 to $80.00 and set an overweight rating on the stock in a research report on Tuesday. ValuEngine lowered 2U from a strong-buy rating to a buy rating in a report on Saturday, October 27th. Finally, Barrington Research reissued an outperform rating and set a $75.00 target price (down from $100.00) on shares of 2U in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $80.08.

In other 2U news, COO Mark Chernis sold 10,000 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $84.04, for a total value of $840,400.00. Following the completion of the transaction, the chief operating officer now directly owns 43,602 shares in the company, valued at $3,664,312.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Paucek sold 75,000 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $84.42, for a total value of $6,331,500.00. Following the completion of the transaction, the chief executive officer now owns 605,191 shares of the company’s stock, valued at $51,090,224.22. The disclosure for this sale can be found here. Company 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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