CHARLES TOWN, W.Va., June 27, 2024 /PRNewswire/ -- American Public University System (APUS) today announced that Dr. Mary A. Papazian, executive vice president at the Association of Governing Boards of Universities and Colleges (AGB), will join the APUS Board of Trustees. A two-time former university president with extensive board experience, Dr. Papazian brings more than 35 years of higher education experience to her new role.American Public University System (APUS) today announced that Dr. Mary A. Papazia ...

CHARLES TOWN, W.Va., June 6, 2024 /PRNewswire/ -- American Public University System (APUS) is teaming up with Home School Legal Defense Association (HSLDA) to enable its members and their families to use tuition grants for earning degrees and certificates at APUS. HSLDA members can learn more by visiting here.Under the terms of the partnership, almost 100,000 HSLDA member families can access a 10 percent tuition grant to pursue bachelor's degrees and master's degrees at American Public University (APU). HSL ...

CHARLES TOWN, W.Va., May 20, 2024 /PRNewswire/ -- American Public Education, Inc. (NASDAQ: APEI), a portfolio of education companies providing online and campus-based postsecondary education and career learning to over 125,000 students through four subsidiary institutions, today announced that management will be participating in the following investor conferences during May and June and will be available for one-on-one meetings.  B. Riley Institutional Investor Conference, May 22 and May 23, Los Angeles – ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Between the grant and Saber Healthcare Group's tuition reimbursement program, qualified employees are now eligible for up to 100% tuition assistance on advanced post-licensure nursing degrees at Rasmussen MINNEAPOLIS, May 16, 2024 /PRNewswire/ -- Rasmussen University today announced the launch of a Professional Achievement Grant for Saber Healthcare Group affiliated communities' employees who are interested in advancing their nursing education and skills. Between the new grant and Saber Healthcare Group's ...

Investors might want to bet on American Public Education (APEI) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this for-profit education company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a st ...

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American Public Education, Inc. (APEI) delivered strong results for first-quarter 2024. The bottom line handily surpassed the Zacks Consensus Estimate and significantly improved from the previous year.Revenues also beat the analysts’ expectations and jumped year over year, on the back of contributions from the American Public University System (“APUS”) and Hondros College of Nursing (“HCN”) segment. Yet, lower revenues from Rasmussen University ("RU") and Graduate School ("GSUSA") partially offset the growt ...

Financial Data and Key Metrics Changes - APEI's Q1 2024 revenue was $154 million, a 3% increase compared to Q1 2023, exceeding guidance [11][19] - Adjusted EBITDA for Q1 2024 was $17.1 million, representing a 143% increase year-over-year, and was 71% above the top end of guidance [11][20] - Adjusted EBITDA margin expanded by 600 basis points to 11% in Q1 2024, compared to 5% in Q1 2023 [12][20] Business Line Data and Key Metrics Changes - APUS saw a 9% revenue increase to $80.7 million in Q1 2024, driven by a 3% increase in net course registrations and tuition increases [21] - Rasmussen's revenue decreased by 7.5% to $53.1 million due to lower average enrollment, although the EBITDA loss improved by approximately 40% year-over-year [22] - Hondros reported a 25% revenue increase to $16.4 million, with total enrollment growing by 22% to approximately 3,300 students [23] Market Data and Key Metrics Changes - APUS net course registrations increased by 3% year-over-year to 99,000, the highest in eight years [12] - Rasmussen's enrollments showed a slight decrease of 2% in Q2 2024 compared to the previous year, with online enrollments increasing by 4% [25] - Hondros experienced a 10% increase in total student enrollment in Q2 2024, reaching approximately 3,300 students [26] Company Strategy and Development Direction - The company is focused on improving student retention and diversifying its nursing program offerings to achieve a balanced portfolio [10][14] - APEI is increasing its full-year 2024 guidance for revenue and adjusted EBITDA due to strong Q1 performance [12][26] - Investments are planned for modernizing curriculum at APUS and relocating campuses at Hondros to more favorable locations [38][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive enrollment growth at Rasmussen in the second half of 2024 and a return to positive EBITDA [15][55] - The company is optimistic about long-term success, driven by strong education units and a solid financial position [17] - Management highlighted the importance of improving NCLEX pass rates and student retention as key factors for future growth [35][53] Other Important Information - Total cash and cash equivalents increased to $153.2 million, with cash flow from operations rising by 63% year-over-year [24] - The company repurchased 251,000 shares of common stock for an aggregate purchase price of $2.8 million [24] Q&A Session Summary Question: What does getting Rasmussen back to total enrollment growth mean for segment EBITDA margins? - Management indicated that increasing enrollments would lead to breakeven or positive EBITDA due to the fixed cost nature of the campus-based business [30] Question: What were the drivers of the revenue per student increase at APUS? - The increase was attributed to a combination of mix, modest tuition increases, and the timing of course starts [32] Question: Are there any restrictions on enrolling new students at campuses on probation? - There are no restrictions on enrolling new students, and management is optimistic about improving NCLEX pass rates [34] Question: What are the critical investments planned for 2024? - Investments include campus relocations at Hondros and curriculum modernization at APUS, with a focus on technology infrastructure [38][40] Question: Is Rasmussen under control in terms of enrollment? - Management confirmed that enrollment trends are improving, and they expect positive growth in the second half of 2024 [48][55] Question: What is the status of accounts receivable collections with the Army? - There are some older amounts being cleaned up, but current billing and collections are functioning as designed [57][58] Question: Why were margins at the graduate school slightly worse year-on-year? - The decline was due to government budget delays affecting training dollars, but efforts are underway to close the revenue gap [61][62]

American Public Education (APEI) reported $154.43 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.2%. EPS of -$0.06 for the same period compares to -$0.38 a year ago.The reported revenue represents a surprise of +1.38% over the Zacks Consensus Estimate of $152.34 million. With the consensus EPS estimate being -$0.19, the EPS surprise was +68.42%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...