2U, Inc. (TWOU) Expected to Announce Earnings of $0.13 Per Share

Wall Street analysts expect 2U, Inc. (NASDAQ:TWOU) to announce $0.13 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for 2U’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.14. 2U reported earnings of $0.04 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 225%. The company is expected to issue its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that 2U will report full-year earnings of ($0.10) per share for the current financial 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 averages are an average based on a survey of analysts that cover 2U.

2U (NASDAQ:TWOU) last posted its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The business had revenue of $70.25 million during the quarter, compared to the consensus estimate of $69.36 million. 2U had a negative net margin of 12.49% and a negative return on equity of 13.02%. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) earnings per share.

Several research firms have commented on TWOU. BMO Capital Markets boosted their price target on shares of 2U from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Credit Suisse Group restated an “outperform” rating and issued a $70.00 price target (up previously from $64.00) on shares of 2U in a research note on Wednesday, November 8th. Barrington Research restated an “outperform” rating and issued a $70.00 price target on shares of 2U in a research note on Wednesday, November 8th. Oppenheimer boosted their price target on shares of 2U from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Finally, KeyCorp restated an “overweight” rating and issued a $73.00 price target on shares of 2U in a research note on Friday, November 17th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. 2U has an average rating of “Buy” and a consensus target price of $69.50.

In related news, CEO Christopher J. Paucek sold 145,220 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $63.83, for a total transaction of $9,269,392.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Larson sold 150,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $46.79, for a total transaction of $7,018,500.00. Following the transaction, the director now owns 16,065 shares of the company’s stock, valued at approximately $751,681.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 322,378 shares of company stock valued at $17,959,061. Insiders own 8.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in TWOU. BlackRock Inc. lifted its position in 2U by 66,695.5% in the first quarter. BlackRock Inc. now owns 2,320,475 shares of the software maker’s stock valued at $92,031,000 after acquiring an additional 2,317,001 shares during the last quarter. Bamco Inc. NY lifted its position in 2U by 334.0% in the third quarter. Bamco Inc. NY now owns 2,311,371 shares of the software maker’s stock valued at $129,529,000 after acquiring an additional 1,778,783 shares during the last quarter. Wells Fargo & Company MN lifted its position in 2U by 94.3% in the third quarter. Wells Fargo & Company MN now owns 1,381,103 shares of the software maker’s stock valued at $77,397,000 after acquiring an additional 670,258 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in 2U by 64.1% in the second quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock valued at $64,684,000 after acquiring an additional 538,487 shares during the last quarter. Finally, Columbus Circle Investors lifted its position in 2U by 117.2% in the second quarter. Columbus Circle Investors now owns 914,482 shares of the software maker’s stock valued at $82,111,000 after acquiring an additional 493,364 shares during the last quarter.

2U (NASDAQ:TWOU) traded down $6.02 during trading hours on Friday, hitting $58.58. 896,500 shares of the company’s stock traded hands, compared to its average volume of 411,803. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.48 and a quick ratio of 3.48. 2U has a fifty-two week low of $29.23 and a fifty-two week high of $69.27.

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About 2U

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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Earnings History and Estimates for 2U (NASDAQ:TWOU)

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