B. Riley Has Positive Forecast for APEI FY2024 Earnings

American Public Education, Inc. (NASDAQ:APEI) – Investment analysts at B. Riley lifted their FY2024 earnings per share estimates for shares of American Public Education in a research report issued on Wednesday, November 13th. B. Riley analyst R. Sharma now forecasts that the company will post earnings per share of $0.51 for the year, up from their previous forecast of $0.48. B. Riley currently has a “Buy” rating and a $25.00 target price on the stock. The consensus estimate for American Public Education’s current full-year earnings is $0.47 per share. B. Riley also issued estimates for American Public Education’s Q4 2024 earnings at $0.58 EPS and FY2025 earnings at $1.67 EPS.

APEI has been the topic of a number of other reports. Truist Financial increased their target price on American Public Education from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday. Barrington Research lifted their price target on American Public Education from $18.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, StockNews.com lowered American Public Education from a “buy” rating to a “hold” rating in a report on Thursday.

American Public Education Stock Down 0.7 %

Shares of NASDAQ:APEI opened at $18.32 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.83 and a current ratio of 2.65. American Public Education has a 52-week low of $5.41 and a 52-week high of $21.04. The business’s 50 day simple moving average is $15.15 and its two-hundred day simple moving average is $16.27. The firm has a market cap of $324.30 million, a P/E ratio of 32.71, a PEG ratio of 2.83 and a beta of 1.24.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of APEI. BNP Paribas Financial Markets boosted its holdings in shares of American Public Education by 13,583.7% in the 1st quarter. BNP Paribas Financial Markets now owns 18,473 shares of the company’s stock worth $262,000 after purchasing an additional 18,338 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of American Public Education during the first quarter valued at approximately $799,000. Russell Investments Group Ltd. bought a new position in shares of American Public Education in the first quarter worth approximately $211,000. Acadian Asset Management LLC increased its stake in shares of American Public Education by 5,036.3% in the first quarter. Acadian Asset Management LLC now owns 87,830 shares of the company’s stock worth $1,246,000 after buying an additional 86,120 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new stake in American Public Education during the 1st quarter valued at $141,000. 79.62% of the stock is currently owned by institutional investors.

Insider Activity at American Public Education

In other news, Director Michael David Braner bought 26,539 shares of the stock in a transaction on Thursday, August 22nd. The shares were acquired at an average cost of $14.71 per share, for a total transaction of $390,388.69. Following the purchase, the director now directly owns 1,824,820 shares of the company’s stock, valued at $26,843,102.20. This trade represents a 1.48 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have bought 117,983 shares of company stock worth $1,747,393. Insiders own 11.38% of the company’s stock.

About American Public Education

American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education and career learning in the United States. It operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. The company offers 184 degree programs and 134 certificate programs in various fields of study, including nursing, national security, military studies, intelligence, homeland security, business, health science, information technology, justice studies, education, and liberal arts; and career learning opportunities in leadership, finance, human resources, and other fields of study critical to the federal government workforce.