Wall Street analysts forecast that 2U Inc (NASDAQ:TWOU) will report ($0.03) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for 2U’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at ($0.02). 2U reported earnings per share of ($0.15) in the same quarter last year, which indicates a positive year over year growth rate of 80%. The business is scheduled to issue its next quarterly earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that 2U will report full year earnings of ($0.09) per share for the current financial year, with EPS estimates ranging from ($0.10) to ($0.09). For the next fiscal year, analysts expect that the company will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.12) to $0.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for 2U.
2U (NASDAQ:TWOU) last announced its quarterly earnings data on Thursday, August 2nd. The software maker reported ($0.19) earnings per share for the quarter, topping the 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 business had revenue of $97.40 million during the quarter, compared to the consensus estimate of $95.84 million. During the same period in the prior year, the company earned ($0.11) EPS. 2U’s revenue for the quarter was up 49.8% on a year-over-year basis.
Several brokerages recently weighed in on TWOU. BidaskClub downgraded 2U from a “buy” rating to a “hold” rating in a research report on Friday, June 22nd. Piper Jaffray Companies began coverage on 2U in a research report on Thursday. They set a “neutral” rating and a $94.00 price objective for the company. DA Davidson began coverage on 2U in a research report on Wednesday, August 29th. They set a “buy” rating and a $98.00 price objective for the company. ValuEngine downgraded 2U from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, BMO Capital Markets upped their price objective on 2U from $97.00 to $103.00 and gave the stock an “outperform” rating in a research report on Monday, June 4th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $89.64.
Shares of TWOU stock traded up $0.75 on Monday, hitting $84.03. 417,861 shares of the company’s stock were exchanged, compared to its average volume of 603,422. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 0.04. 2U has a 12 month low of $51.54 and a 12 month high of $98.58. The company has a market cap of $4.78 billion, a P/E ratio of -155.61 and a beta of -0.04.
In other 2U news, COO Mark Chernis sold 10,000 shares of the stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $93.55, for a total value of $935,500.00. Following the completion of the transaction, the chief operating officer now directly owns 43,602 shares in the company, valued at $4,078,967.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Earl Lewis sold 10,393 shares of the stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $95.74, for a total value of $995,025.82. Following the completion of the transaction, the director now owns 7,880 shares of the company’s stock, valued at $754,431.20. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. First Trust Advisors LP raised its position in 2U by 9.5% in the second quarter. First Trust Advisors LP now owns 1,540,321 shares of the software maker’s stock valued at $128,709,000 after purchasing an additional 133,393 shares during the last quarter. Zevenbergen Capital Investments LLC raised its position in 2U by 11.7% in the second quarter. Zevenbergen Capital Investments LLC now owns 1,097,695 shares of the software maker’s stock valued at $91,723,000 after purchasing an additional 115,020 shares during the last quarter. Stephens Investment Management Group LLC raised its position in 2U by 1.6% in the first quarter. Stephens Investment Management Group LLC now owns 416,341 shares of the software maker’s stock valued at $34,985,000 after purchasing an additional 6,364 shares during the last quarter. JPMorgan Chase & Co. raised its position in 2U by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 401,885 shares of the software maker’s stock valued at $33,770,000 after purchasing an additional 18,633 shares during the last quarter. Finally, Millennium Management LLC raised its position in 2U by 1,769.5% in the second quarter. Millennium Management LLC now owns 334,639 shares of the software maker’s stock valued at $27,962,000 after purchasing an additional 316,739 shares during the last quarter.
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.
See Also: Return on Equity (ROE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for 2U Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U and related companies with MarketBeat.com's FREE daily email newsletter.