American Public Education, Inc. Forecasted to Earn FY2024 Earnings of $0.77 Per Share (NASDAQ:APEI)

American Public Education, Inc. (NASDAQ:APEI - Free Report) - Research analysts at B. Riley raised their FY2024 earnings per share (EPS) estimates for shares of American Public Education in a report issued on Tuesday, April 30th. B. Riley analyst R. Sharma now expects that the company will earn $0.77 per share for the year, up from their previous forecast of $0.76. B. Riley currently has a "Buy" rating and a $16.00 target price on the stock. The consensus estimate for American Public Education's current full-year earnings is $0.62 per share.

American Public Education (NASDAQ:APEI - Get Free Report) last released its earnings results on Tuesday, March 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.50. American Public Education had a positive return on equity of 3.26% and a negative net margin of 7.87%. The firm had revenue of $152.80 million during the quarter, compared to analysts' expectations of $150.54 million.

A number of other research firms also recently commented on APEI. Truist Financial boosted their target price on American Public Education from $6.00 to $15.00 and gave the stock a "hold" rating in a research report on Wednesday, March 6th. Barrington Research raised their target price on shares of American Public Education from $15.00 to $17.00 and gave the company an "outperform" rating in a report on Friday, March 22nd.

American Public Education Price Performance

NASDAQ APEI traded down $0.01 on Wednesday, reaching $13.82. The company had a trading volume of 81,789 shares, compared to its average volume of 158,296. The stock has a market capitalization of $242.68 million, a PE ratio of -4.72, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. American Public Education has a 12 month low of $3.76 and a 12 month high of $16.39. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.38. The firm's 50 day moving average price is $12.89 and its 200 day moving average price is $10.03.

Institutional Investors Weigh In On American Public Education

Several institutional investors have recently made changes to their positions in APEI. Cannon Global Investment Management LLC purchased a new stake in shares of American Public Education in the first quarter worth approximately $145,000. Mackenzie Financial Corp bought a new position in shares of American Public Education in the third quarter worth about $54,000. Jump Financial LLC bought a new stake in American Public Education during the 4th quarter valued at about $137,000. BNP Paribas Financial Markets boosted its position in American Public Education by 13,583.7% in the 1st quarter. BNP Paribas Financial Markets now owns 18,473 shares of the company's stock valued at $262,000 after buying an additional 18,338 shares during the period. Finally, AWM Investment Company Inc. increased its holdings in American Public Education by 13.4% during the 3rd quarter. AWM Investment Company Inc. now owns 169,370 shares of the company's stock worth $843,000 after purchasing an additional 20,000 shares during the period. Institutional investors own 79.62% of the company's stock.

About American Public Education

American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education and career learning in the United States. It operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. The company offers 184 degree programs and 134 certificate programs in various fields of study, including nursing, national security, military studies, intelligence, homeland security, business, health science, information technology, justice studies, education, and liberal arts; and career learning opportunities in leadership, finance, human resources, and other fields of study critical to the federal government workforce.