Equities research analysts expect 2U Inc (NASDAQ:TWOU) to announce sales of $91.39 million for the current quarter, Zacks reports. Four analysts have provided estimates for 2U’s earnings, with the lowest sales estimate coming in at $91.30 million and the highest estimate coming in at $91.50 million. 2U reported sales of $64.83 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 41%. The firm is scheduled to announce its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that 2U will report full year sales of $91.39 million for the current fiscal year, with estimates ranging from $400.25 million to $401.64 million. For the next financial year, analysts anticipate that the business will report sales of $532.40 million per share, with estimates ranging from $530.00 million to $533.70 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for 2U.
2U (NASDAQ:TWOU) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. 2U had a net margin of 0.59% and a return on equity of 0.54%. The company had revenue of $86.70 million during the quarter, compared to analysts’ expectations of $85.12 million. During the same quarter in the prior year, the company posted $0.04 EPS. The business’s revenue was up 51.0% on a year-over-year basis.
TWOU has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of 2U from $57.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 20th. KeyCorp restated an “overweight” rating and issued a $90.00 price objective (up previously from $83.00) on shares of 2U in a research note on Tuesday, February 27th. Zacks Investment Research upgraded shares of 2U from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Friday, January 12th. Barrington Research restated an “outperform” rating and issued a $92.00 price objective (up previously from $80.00) on shares of 2U in a research note on Tuesday, February 27th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $87.00 price objective (up previously from $70.00) on shares of 2U in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $84.45.
2U (TWOU) opened at $87.51 on Friday. 2U has a one year low of $36.18 and a one year high of $90.81. The stock has a market cap of $4,570.00, a price-to-earnings ratio of -143.46 and a beta of -0.13. The company has a quick ratio of 4.28, a current ratio of 4.28 and a debt-to-equity ratio of 0.06.
In other 2U news, Director Timothy M. Haley sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $88.67, for a total value of $3,990,150.00. Following the completion of the sale, the director now owns 4,508 shares in the company, valued at approximately $399,724.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Chernis sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $85.65, for a total transaction of $856,500.00. The disclosure for this sale can be found here. Insiders sold a total of 64,620 shares of company stock valued at $5,453,084 in the last 90 days. Corporate insiders own 8.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank increased its position in 2U by 17.5% in the 4th quarter. Amalgamated Bank now owns 6,548 shares of the software maker’s stock valued at $422,000 after acquiring an additional 973 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 2U by 37.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,596 shares of the software maker’s stock valued at $232,000 after acquiring an additional 974 shares in the last quarter. Legal & General Group Plc increased its position in 2U by 7.0% in the 3rd quarter. Legal & General Group Plc now owns 17,392 shares of the software maker’s stock valued at $970,000 after acquiring an additional 1,133 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of 2U by 1.8% in the 3rd quarter. California Public Employees Retirement System now owns 72,100 shares of the software maker’s stock valued at $4,040,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of 2U by 1.8% in the 4th quarter. Swiss National Bank now owns 86,800 shares of the software maker’s stock valued at $5,599,000 after purchasing an additional 1,500 shares during the last quarter.
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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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