Analysts expect 2U Inc (NASDAQ:TWOU) to report earnings per share of $0.13 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for 2U’s earnings, with estimates ranging from $0.13 to $0.14. 2U reported earnings per share of $0.04 during the same quarter last year, which would suggest a positive year over year growth rate of 225%. The company is expected to report its next earnings results 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 financial year, with EPS estimates ranging from ($0.12) to ($0.09). For the next year, analysts expect that the company 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 sell-side analysts that that provide coverage for 2U.
A number of brokerages have recently commented on TWOU. BidaskClub raised 2U from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Robert W. Baird reaffirmed a “buy” rating and issued a $68.00 price objective on shares of 2U in a research report on Friday, November 10th. KeyCorp reaffirmed an “overweight” rating and issued a $73.00 price objective on shares of 2U in a research report on Friday, November 17th. Barrington Research reissued an “outperform” rating and set a $70.00 price target on shares of 2U in a research report on Wednesday, November 8th. Finally, Needham & Company LLC boosted their price target on 2U from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.27.
In other news, insider James Kenigsberg sold 9,545 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $62.86, for a total value of $599,998.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul A. Maeder bought 67,830 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was bought at an average cost of $61.45 per share, with a total value of $4,168,153.50. The disclosure for this purchase can be found here. In the last three months, insiders have sold 159,265 shares of company stock valued at $10,155,501. 8.40% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of TWOU. First Republic Investment Management Inc. lifted its stake in shares of 2U by 4.7% in the fourth quarter. First Republic Investment Management Inc. now owns 125,085 shares of the software maker’s stock worth $8,069,000 after acquiring an additional 5,570 shares in the last quarter. American International Group Inc. lifted its stake in shares of 2U by 10.4% in the fourth quarter. American International Group Inc. now owns 32,409 shares of the software maker’s stock worth $2,091,000 after acquiring an additional 3,045 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of 2U by 10.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 29,457 shares of the software maker’s stock worth $1,900,000 after acquiring an additional 2,701 shares in the last quarter. BlackRock Inc. lifted its stake in shares of 2U by 12.5% in the fourth quarter. BlackRock Inc. now owns 3,184,359 shares of the software maker’s stock worth $205,423,000 after acquiring an additional 353,767 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of 2U by 32.7% in the fourth quarter. Bank of New York Mellon Corp now owns 743,018 shares of the software maker’s stock worth $47,933,000 after acquiring an additional 183,113 shares in the last quarter.
Shares of 2U (TWOU) opened at $69.14 on Thursday. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.05. 2U has a 1 year low of $33.90 and a 1 year high of $76.50.
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2U Company Profile
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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