Phoenix Education Partners (NYSE:PXED) Announces Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Phoenix Education Partners (NYSE:PXED) released its earnings results on Tuesday. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.11, Zacks reports.

Phoenix Education Partners Stock Performance

PXED stock traded down $1.43 during midday trading on Tuesday, reaching $32.02. 188,408 shares of the company’s stock traded hands, compared to its average volume of 138,804. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27. Phoenix Education Partners has a 52 week low of $23.52 and a 52 week high of $47.08. The firm has a market capitalization of $1.15 billion and a PE ratio of 30.79.

Analysts Set New Price Targets

Several brokerages recently commented on PXED. Barrington Research began coverage on Phoenix Education Partners in a report on Thursday, December 4th. They issued an “outperform” rating and a $45.00 target price on the stock. B. Riley dropped their price objective on Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday. The Goldman Sachs Group lowered their target price on Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Zacks Research upgraded Phoenix Education Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, January 2nd. Finally, Wall Street Zen lowered shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Phoenix Education Partners has an average rating of “Buy” and a consensus price target of $45.00.

About Phoenix Education Partners

Our Mission To provide access to higher education opportunities that enable students to develop the knowledge and skills necessary to achieve their professional goals, improve the performance of their organizations and provide leadership and service to their communities. We are a mission-driven organization operating at the forefront of the rapidly evolving post-secondary education market. As one of the largest online education providers and a pioneer in our field, we benefit from the dynamic interplay between technological innovation, education, employment and economic trends.