American Public Education (NASDAQ:APEI) Updates Q2 2024 Earnings Guidance

American Public Education (NASDAQ:APEI) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.110-0.050 for the period, compared to the consensus estimate of 0.000. The company issued revenue guidance of $153.0 million-$155.0 million, compared to the consensus revenue estimate of $150.1 million. American Public Education also updated its FY 2024 guidance to EPS.

American Public Education Stock Up 7.0 %

APEI opened at $16.25 on Wednesday. American Public Education has a 12 month low of $3.76 and a 12 month high of $16.39. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $13.28 and its 200-day moving average price is $10.39. The company has a market cap of $285.35 million, a P/E ratio of -5.16, a P/E/G ratio of 1.92 and a beta of 1.27.

American Public Education (NASDAQ:APEI) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. American Public Education had a positive return on equity of 3.26% and a negative net margin of 7.87%. The business had revenue of $152.80 million for the quarter, compared to analysts’ expectations of $150.54 million. On average, equities analysts expect that American Public Education will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

APEI has been the subject of a number of recent analyst reports. Barrington Research upped their price target on shares of American Public Education from $15.00 to $17.00 and gave the company an outperform rating in a report on Friday, March 22nd. Truist Financial boosted their price objective on shares of American Public Education from $6.00 to $15.00 and gave the company a hold rating in a research report on Wednesday, March 6th. Finally, B. Riley increased their target price on shares of American Public Education from $15.00 to $16.00 and gave the stock a buy rating in a report on Tuesday, April 30th.

About American Public Education

American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education and career learning in the United States. It operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. The company offers 184 degree programs and 134 certificate programs in various fields of study, including nursing, national security, military studies, intelligence, homeland security, business, health science, information technology, justice studies, education, and liberal arts; and career learning opportunities in leadership, finance, human resources, and other fields of study critical to the federal government workforce.