American Public Education, Inc. (NASDAQ:APEI) Forecasted to Earn Q1 2023 Earnings of ($0.45) Per Share

American Public Education, Inc. (NASDAQ:APEI – Get Rating) – Equities researchers at B. Riley decreased their Q1 2023 earnings estimates for shares of American Public Education in a research report issued to clients and investors on Wednesday, March 15th. B. Riley analyst R. Sharma now forecasts that the company will post earnings per share of ($0.45) for the quarter, down from their prior forecast of $0.20. The consensus estimate for American Public Education’s current full-year earnings is ($0.62) per share. B. Riley also issued estimates for American Public Education’s Q2 2023 earnings at ($0.18) EPS, Q4 2023 earnings at $0.32 EPS and FY2023 earnings at ($0.17) EPS.

Several other research firms have also issued reports on APEI. StockNews.com assumed coverage on shares of American Public Education in a report on Thursday. They set a “hold” rating for the company. William Blair downgraded shares of American Public Education from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, Barrington Research reduced their price objective on shares of American Public Education from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

American Public Education Stock Performance

American Public Education stock opened at $4.07 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.39 and a current ratio of 2.63. American Public Education has a 52-week low of $4.06 and a 52-week high of $24.02. The firm has a 50 day moving average price of $11.52 and a two-hundred day moving average price of $11.57.

Hedge Funds Weigh In On American Public Education

A number of hedge funds have recently bought and sold shares of the company. State of Wyoming bought a new stake in shares of American Public Education during the 4th quarter worth $29,000. Strs Ohio bought a new stake in American Public Education in the 4th quarter valued at about $65,000. UBS Group AG raised its stake in American Public Education by 222.5% in the 4th quarter. UBS Group AG now owns 5,772 shares of the company’s stock valued at $71,000 after acquiring an additional 3,982 shares during the period. Lazard Asset Management LLC bought a new stake in American Public Education in the 1st quarter valued at about $108,000. Finally, Prescott Group Capital Management L.L.C. bought a new stake in American Public Education in the 3rd quarter valued at about $119,000. 92.34% of the stock is owned by hedge funds and other institutional investors.

About American Public Education

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American Public Education, Inc provides online and on-campus postsecondary education services. It operates through the following business segments: American Public Education and Hondros College of Nursing. The American Public Education segment reflects the operational activities of the company’s subsidiary American Public University System, Inc, other corporate activities and minority investments.