Brokerages forecast that 2U Inc (NASDAQ:TWOU) will announce earnings per share of ($0.51) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for 2U’s earnings. The highest EPS estimate is ($0.50) and the lowest is ($0.53). 2U reported earnings per share of ($0.01) in the same quarter last year, which would indicate a negative year-over-year growth rate of 5,000%. The company is scheduled to report its next earnings report on Monday, November 4th.

On average, analysts expect that 2U will report full-year earnings of ($1.20) per share for the current fiscal year, with EPS estimates ranging from ($1.24) to ($1.17). For the next fiscal year, analysts forecast that the company will report earnings of ($1.20) per share, with EPS estimates ranging from ($1.40) to ($0.93). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover 2U.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Tuesday, July 30th. The software maker reported ($0.43) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.59) by $0.16. The company had revenue of $135.50 million for the quarter, compared to the consensus estimate of $124.38 million. 2U had a negative return on equity of 7.63% and a negative net margin of 11.39%. The firm’s revenue was up 39.1% compared to the same quarter last year. During the same period last year, the business posted ($0.19) earnings per share.

TWOU has been the topic of a number of recent research reports. Oppenheimer downgraded 2U from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 31st. William Blair initiated coverage on 2U in a research report on Monday, August 12th. They set a “market perform” rating on the stock. DA Davidson downgraded 2U from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research report on Wednesday, July 31st. Robert W. Baird downgraded 2U from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $58.00 to $29.00 in a research report on Wednesday, July 31st. Finally, Zacks Investment Research raised 2U from a “sell” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.64.

In other 2U news, COO Mark Chernis purchased 32,250 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average price of $15.47 per share, for a total transaction of $498,907.50. Following the completion of the purchase, the chief operating officer now directly owns 104,508 shares in the company, valued at $1,616,738.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James Kenigsberg sold 7,353 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $38.91, for a total transaction of $286,105.23. Following the transaction, the insider now owns 142,341 shares of the company’s stock, valued at approximately $5,538,488.31. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 159,608 shares of company stock valued at $2,264,302. Corporate insiders own 4.92% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Daiwa Securities Group Inc. bought a new position in 2U during the second quarter worth about $33,000. Cubist Systematic Strategies LLC bought a new position in shares of 2U in the second quarter valued at approximately $49,000. Meridian Wealth Management LLC bought a new position in shares of 2U in the first quarter valued at approximately $50,000. BNP Paribas Arbitrage SA raised its stake in shares of 2U by 27.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,596 shares of the software maker’s stock valued at $60,000 after acquiring an additional 347 shares during the last quarter. Finally, Pearl River Capital LLC bought a new position in shares of 2U in the second quarter valued at approximately $62,000.

Shares of NASDAQ:TWOU traded up $0.55 during midday trading on Wednesday, hitting $16.11. The company’s stock had a trading volume of 998,632 shares, compared to its average volume of 1,494,642. 2U has a fifty-two week low of $11.37 and a fifty-two week high of $80.49. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -25.57 and a beta of 0.48. The stock’s 50 day simple moving average is $17.50 and its 200 day simple moving average is $37.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.19 and a current ratio of 2.19.

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

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