Piper Jaffray Companies Weighs in on 2U Inc’s FY2018 Earnings (TWOU)
2U Inc (NASDAQ:TWOU) – Analysts at Piper Jaffray Companies boosted their FY2018 earnings per share estimates for shares of 2U in a research report issued to clients and investors on Tuesday, November 6th. Piper Jaffray Companies analyst P. Appert now expects that the software maker will earn ($0.64) per share for the year, up from their prior estimate of ($0.71). Piper Jaffray Companies currently has a “Neutral” rating and a $76.00 price objective on the stock. Piper Jaffray Companies also issued estimates for 2U’s Q4 2018 earnings at $0.08 EPS, Q1 2019 earnings at ($0.32) EPS, Q2 2019 earnings at ($0.41) EPS, Q3 2019 earnings at ($0.24) EPS, Q4 2019 earnings at $0.12 EPS, FY2019 earnings at ($0.84) EPS, FY2020 earnings at ($0.73) EPS and FY2021 earnings at ($0.55) EPS.
2U (NASDAQ:TWOU) last announced its quarterly earnings results on Monday, November 5th. The software maker reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. The company had revenue of $106.96 million for the quarter, compared to analyst estimates of $106.49 million. 2U had a negative net margin of 11.13% and a negative return on equity of 7.51%. 2U’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.15) EPS.
Shares of TWOU opened at $54.21 on Friday. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of -100.39 and a beta of 0.34. 2U has a fifty-two week low of $49.72 and a fifty-two week high of $98.58. The company has a current ratio of 6.31, a quick ratio of 5.71 and a debt-to-equity ratio of 0.04.
Several large investors have recently bought and sold shares of TWOU. Dimensional Fund Advisors LP acquired a new position in shares of 2U during the 1st quarter valued at $4,236,000. Millennium Management LLC acquired a new position in shares of 2U during the 1st quarter valued at $1,504,000. Principal Financial Group Inc. lifted its holdings in shares of 2U by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 35,153 shares of the software maker’s stock valued at $2,953,000 after acquiring an additional 1,507 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of 2U during the 2nd quarter valued at $547,000. Finally, Bank of Montreal Can lifted its holdings in shares of 2U by 63.4% during the 2nd quarter. Bank of Montreal Can now owns 31,580 shares of the software maker’s stock valued at $2,639,000 after acquiring an additional 12,258 shares in the last quarter.
In related news, COO Mark Chernis sold 10,000 shares of 2U stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total transaction of $840,400.00. Following the transaction, the chief operating officer now owns 43,602 shares in the company, valued at approximately $3,664,312.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Paucek sold 75,000 shares of 2U stock in a transaction on Monday, September 10th. The shares were sold at an average price of $84.42, for a total transaction of $6,331,500.00. Following the transaction, the chief executive officer now owns 605,191 shares in the company, valued at approximately $51,090,224.22. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.
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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