Analysts Anticipate 2U Inc (TWOU) to Post $0.13 EPS
Analysts predict that 2U Inc (NASDAQ:TWOU) will report earnings of $0.13 per share for the current quarter, Zacks reports. Four analysts have provided estimates for 2U’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.14. 2U reported earnings of $0.04 per share during the same quarter last year, which suggests a positive year over year growth rate of 225%. The firm is scheduled to report its next earnings report after the market closes on Monday, February 26th.
On average, analysts expect that 2U will report full year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.09). For the next financial year, analysts forecast that the business will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.13) to ($0.09). Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for 2U.
2U (NASDAQ:TWOU) last announced its earnings results on Tuesday, November 7th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.01. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. The firm had revenue of $70.25 million during the quarter, compared to analyst estimates of $69.36 million. During the same quarter in the prior year, the company earned ($0.06) EPS. The business’s revenue was up 35.1% compared to the same quarter last year.
In other 2U news, Director Paul A. Maeder purchased 67,830 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were acquired at an average cost of $61.45 per share, with a total value of $4,168,153.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Paucek sold 145,220 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $63.83, for a total value of $9,269,392.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 181,923 shares of company stock worth $11,588,620. Insiders own 8.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Kovack Advisors Inc. bought a new stake in shares of 2U in the fourth quarter worth about $204,000. Oppenheimer & Co. Inc. bought a new stake in shares of 2U in the fourth quarter worth about $213,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 2U by 37.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,596 shares of the software maker’s stock worth $232,000 after purchasing an additional 974 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of 2U by 21.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock worth $180,000 after purchasing an additional 677 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of 2U in the third quarter worth about $238,000.
Shares of 2U (TWOU) traded down $1.70 during trading hours on Thursday, hitting $68.06. The stock had a trading volume of 279,431 shares, compared to its average volume of 343,690. 2U has a 12-month low of $33.33 and a 12-month high of $76.50. The company has a market cap of $3,625.80, a price-to-earnings ratio of -101.58 and a beta of -0.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.48 and a quick ratio of 3.48.
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2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
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