American Public Education (NASDAQ:APEI) Posts Earnings Results, Beats Estimates By $0.33 EPS

American Public Education (NASDAQ:APEI) issued its quarterly earnings results on Monday. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.33, FiscalAI reports. The firm had revenue of $174.74 million for the quarter, compared to analyst estimates of $173.73 million. American Public Education had a net margin of 4.86% and a return on equity of 11.30%.

American Public Education Trading Down 0.0%

Shares of APEI stock traded down $0.01 on Monday, hitting $56.30. 335,843 shares of the company’s stock traded hands, compared to its average volume of 306,871. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.46 and a current ratio of 3.46. American Public Education has a one year low of $25.31 and a one year high of $61.59. The company’s fifty day simple moving average is $54.54 and its 200 day simple moving average is $43.92. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 41.39, a P/E/G ratio of 1.58 and a beta of 1.46.

Insider Activity at American Public Education

In related news, CMO Karmela Gaffney sold 2,700 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $55.87, for a total transaction of $150,849.00. Following the transaction, the chief marketing officer owned 40,527 shares of the company’s stock, valued at approximately $2,264,243.49. This trade represents a 6.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tanya Joy Axenson sold 20,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $55.68, for a total transaction of $1,113,600.00. Following the transaction, the senior vice president directly owned 49,917 shares in the company, valued at approximately $2,779,378.56. This represents a 28.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 377,071 shares of company stock worth $20,753,569 in the last 90 days. Corporate insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On American Public Education

Several institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of American Public Education by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,386 shares of the company’s stock valued at $209,000 after purchasing an additional 390 shares during the last quarter. Militia Capital Partners LP grew its holdings in shares of American Public Education by 7.2% during the 2nd quarter. Militia Capital Partners LP now owns 7,432 shares of the company’s stock valued at $226,000 after purchasing an additional 500 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of American Public Education by 40.5% during the 2nd quarter. Legal & General Group Plc now owns 1,914 shares of the company’s stock valued at $58,000 after purchasing an additional 552 shares during the last quarter. Creative Planning grew its holdings in shares of American Public Education by 5.5% during the 3rd quarter. Creative Planning now owns 11,795 shares of the company’s stock valued at $466,000 after purchasing an additional 618 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of American Public Education by 9.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,495 shares of the company’s stock valued at $259,000 after purchasing an additional 720 shares during the last quarter. Institutional investors own 79.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Lake Street Capital increased their price target on shares of American Public Education from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Wall Street Zen lowered shares of American Public Education from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. DA Davidson increased their price target on shares of American Public Education from $48.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, March 16th. B. Riley Financial reissued a “buy” rating on shares of American Public Education in a report on Thursday, April 30th. Finally, Truist Financial increased their price target on shares of American Public Education from $38.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, American Public Education has an average rating of “Moderate Buy” and a consensus price target of $55.50.

About American Public Education

American Public Education, Inc operates as a provider of online postsecondary education, offering degree and certificate programs through its wholly owned subsidiary, American Public University System (APUS). The company designs and delivers a broad range of undergraduate and graduate programs in fields such as business administration, information technology, criminal justice, homeland security, health sciences, and education. Its curriculum is developed to meet the needs of working adults, military personnel, veterans and civilian students seeking flexible, career-relevant learning opportunities.

APUS is regionally accredited by the Middle States Commission on Higher Education and employs a proprietary online learning platform that supports asynchronous instruction, digital course materials and interactive learning tools.