2U (NASDAQ:TWOU) Announces Quarterly Earnings Results, Beats Estimates By $0.16 EPS

2U (NASDAQ:TWOU) issued its earnings results on Tuesday. The software maker reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.16, Briefing.com reports. The company had revenue of $135.50 million during the quarter, compared to the consensus estimate of $124.38 million. 2U had a negative net margin of 10.19% and a negative return on equity of 5.85%. 2U’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.19) EPS.

Shares of NASDAQ TWOU traded down $23.70 during mid-day trading on Wednesday, hitting $12.80. 54,049,665 shares of the company’s stock traded hands, compared to its average volume of 566,323. The business has a 50-day moving average of $37.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.11 and a quick ratio of 5.11. The company has a market capitalization of $2.08 billion, a P/E ratio of -20.32 and a beta of 0.93. 2U has a 1 year low of $33.38 and a 1 year high of $90.31.

In other news, insider James Kenigsberg sold 7,353 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $38.91, for a total transaction of $286,105.23. Following the sale, the insider now directly owns 142,341 shares in the company, valued at approximately $5,538,488.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory K. Peters bought 12,459 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $40.15 per share, for a total transaction of $500,228.85. Following the completion of the transaction, the director now directly owns 25,744 shares in the company, valued at approximately $1,033,621.60. The disclosure for this purchase can be found here. Insiders have sold a total of 9,155 shares of company stock worth $356,942 over the last 90 days. Corporate insiders own 4.92% of the company’s stock.

Several research analysts recently weighed in on TWOU shares. Robert W. Baird downgraded shares of 2U from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $58.00 to $29.00 in a report on Wednesday. DA Davidson downgraded shares of 2U from a “buy” rating to a “neutral” rating in a report on Wednesday. Barrington Research downgraded shares of 2U from an “outperform” rating to a “market perform” rating in a report on Wednesday. Macquarie downgraded shares of 2U from an “outperform” rating to a “neutral” rating and set a $29.00 price objective for the company. in a report on Wednesday. Finally, BMO Capital Markets downgraded shares of 2U from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $45.00 to $25.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $59.92.

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.

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Earnings History for 2U (NASDAQ:TWOU)

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