2U (TWOU) Issues Q4 Earnings Guidance

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2U (NASDAQ:TWOU) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.20-0.21 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.22. The company issued revenue guidance of $114.4-115.3 million, compared to the consensus revenue estimate of $114.94 million.2U also updated its FY 2018 guidance to $-0.09–0.08 EPS.

Shares of TWOU stock traded up $3.69 during mid-day trading on Wednesday, reaching $57.11. The stock had a trading volume of 58,918 shares, compared to its average volume of 656,905. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.71 and a current ratio of 5.71. The firm has a market capitalization of $3.66 billion, a PE ratio of -106.19 and a beta of 0.34. 2U has a 1-year low of $49.72 and a 1-year high of $98.58.

2U (NASDAQ:TWOU) last announced its quarterly earnings data on Monday, November 5th. The software maker reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $106.96 million for the quarter, compared to analyst estimates of $106.49 million. 2U had a negative return on equity of 9.91% and a negative net margin of 13.69%. The company’s revenue was up 52.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.15) earnings per share. Sell-side analysts forecast that 2U will post -0.71 earnings per share for the current year.

A number of research analysts have recently weighed in on TWOU shares. ValuEngine lowered 2U from a strong-buy rating to a buy rating in a report on Saturday, October 27th. Needham & Company LLC began coverage on 2U in a report on Tuesday, October 23rd. They issued a buy rating and a $80.00 price objective on the stock. Barrington Research reaffirmed a buy rating and set a $100.00 target price on shares of 2U in a report on Friday, August 3rd. DA Davidson began coverage on 2U in a report on Wednesday, August 29th. They set a buy rating and a $98.00 target price on the stock. Finally, BidaskClub raised 2U from a hold rating to a buy rating in a report on Friday, August 24th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $80.08.

In other 2U news, CEO Christopher J. Paucek sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $84.42, for a total value of $6,331,500.00. Following the sale, the chief executive officer now directly owns 605,191 shares of the company’s stock, valued at $51,090,224.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Mark Chernis sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total value of $840,400.00. Following the completion of the sale, the chief operating officer now directly owns 43,602 shares in the company, valued at $3,664,312.08. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.

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2U Company Profile

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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Earnings History and Estimates for 2U (NASDAQ:TWOU)

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