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American Public University System (APUS) Champions Academic Research Globally
Prnewswire· 2025-02-20 14:00
Core Insights - American Public University System (APUS) has made significant advancements in academic research, securing grants for 19 projects across three continents in 2024, emphasizing its commitment to academic excellence and cross-cultural research [1][2][8] Research Initiatives - Approximately 50 students participated in faculty-led research activities in 2024, showcasing APUS's dedication to experiential learning through fully funded competitive faculty research grants [2][8] - Notable research projects include: - Dr. Daniel Diaz's ethnographic study on Nahuatl-speaking communities in Mexico, focusing on preserving Indigenous linguistic diversity [3] - WaterTAP project by Dr. Kelly Chinners Reiss and Dr. Daniela Messina, which distributed over 700 water testing kits to address drinking water quality and public health [4] - Dr. Melissa Schnyder's research on Indigenous food sovereignty through the restoration of traditional Hawaiian fishponds [5] - The student-led Analog Research Group (AARG) completed its fifth analog mission to study plant growth in regolith and other factors [6] - Research in Kodiak, Alaska, by Dr. Kristin Drexler and team, documenting Indigenous communities' experiences during the COVID-19 pandemic [7] Institutional Commitment - APUS aims to foster ongoing research that bridges disciplines, cultures, and borders, continuing to expand opportunities for faculty-led student research globally [8] - The university has a rich history of over 33 years and a community of more than 149,000 alumni from over 80 countries, recognized for its innovative online learning approach [9][10]
American Public Education, Inc. Schedules Fourth Quarter and Full Year 2024 Earnings Call Thursday, March 6, 2025 at 5:00pm ET
Prnewswire· 2025-02-18 21:01
Company Overview - American Public Education, Inc. (APEI) is a leading education services provider offering innovative and affordable educational programs through its subsidiaries [3][4] - The company serves approximately 88,000 adult learners worldwide, primarily focusing on active-duty military and veteran students [4][9] Subsidiaries and Services - American Public University System (APUS) operates through American Military University and American Public University, catering to military and veteran students [4] - Rasmussen University, with a history of 125 years, serves around 13,500 students across 20 campuses and online, focusing on nursing and health sciences [5] - Hondros College of Nursing is the largest educator of Practical Nursing (LPN) nurses in Ohio, serving approximately 3,100 students across eight campuses [6] - Graduate School USA provides training to the federal workforce, offering customized contract training and open enrollment programs [7] Accreditation - APUS and Rasmussen are accredited by the Higher Learning Commission (HLC), while Hondros is accredited by the Accrediting Bureau of Health Education Schools (ABHES) [8] - Graduate School USA is accredited by the Accrediting Council for Continuing Education & Training (ACCET) [8] Upcoming Financial Results - APEI will hold a conference call on March 6, 2025, at 5:00 PM Eastern Time to discuss its financial results for the fourth quarter and year ended December 31, 2024 [1][2]
Mark Arnold Appointed as Next President of Rasmussen University
Prnewswire· 2025-01-16 23:13
Experienced healthcare leader to guide Rasmussen University as it begins its 125th year.MINNEAPOLIS, Jan. 16, 2025 /PRNewswire/ -- Rasmussen University is pleased to announce the appointment of Mark Arnold as its next President, effective January 22, 2025. Arnold succeeds Paula Singer, who will transition to the Rasmussen University Board of Directors as Vice Chair and Chair of the Academic Affairs Committee. Mark Arnold Appointed as Next President of Rasmussen University (PRNewsfoto/American Public Edu ...
Why Is American Public Education (APEI) Up 12% Since Last Earnings Report?
ZACKS· 2024-12-12 17:36
A month has gone by since the last earnings report for American Public Education (APEI) . Shares have added about 12% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is American Public Education due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. American Public Q3 Earning ...
Rasmussen University Celebrates Year-Round Commitment to Community Service
Prnewswire· 2024-12-03 14:15
Annual Tradition of Service: Rasmussen Gives Back Rasmussen Gives Back, a longstanding tradition, brought together employees across the University the week of Oct. 21st to contribute nearly 900 hours of volunteer service in just one week. Team members partnered with organizations such as Feed My Starving Children, Honor Flight of ND/MN, and Second Harvest Food Bank of Central Florida. Activities ranged from sorting food and stocking shelves to cleaning parks, organizing donations, and raising funds for vete ...
Rasmussen University Appoints New Academic Leadership
Prnewswire· 2024-11-18 21:15
"I am delighted to share that Dr. Carrie Daninhirsch will lead our academic mission as Provost," said President Paula Singer. "As Rasmussen University prepares to enter its 125th year, Dr. Daninhirsch's collaborative, trust-based leadership and her unwavering commitment to positive change within our academic teams make her the ideal choice for this role. Her extensive experience, strategic vision, and deep dedication to our faculty and students ensure that we are well-positioned to continue advancing our mi ...
American Public Q3 Earnings Beat Estimates, 2024 Revenue View Lowered
ZACKS· 2024-11-13 16:36
American Public Education, Inc.’s (APEI) stock plunged 7.6% in the after-hour trading session after it reported mixed results for third-quarter 2024. Its earnings handily beat the Zacks Consensus Estimate and improved from the previous year.Revenues missed the analysts’ expectations but increased year over year on the back of contributions from the American Public University System (“APUS”), Hondros College of Nursing (“HCN”) and Rasmussen University ("RU") segments. Yet, lower revenues from Graduate School ...
Compared to Estimates, American Public Education (APEI) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-13 15:30
For the quarter ended September 2024, American Public Education (APEI) reported revenue of $153.12 million, up 1.5% over the same period last year. EPS came in at $0.04, compared to $0.02 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $153.62 million, representing a surprise of -0.32%. The company delivered an EPS surprise of +300.00%, with the consensus EPS estimate being $0.01.While investors scrutinize revenue and earnings changes year-over-year and how they comp ...
American Public Education(APEI) - 2024 Q3 - Earnings Call Transcript
2024-11-13 03:07
Financial Data and Key Metrics Changes - Overall revenues increased by 1.5% year-over-year to $153 million, marking the fourth consecutive quarter of year-over-year growth [3][9] - Adjusted EBITDA was $12.9 million, exceeding guidance, with a margin of 8.4% [3][9] - Net income was $731,000, equating to $0.04 per diluted share, at the high end of guidance [3][9] Business Line Data and Key Metrics Changes - APUS revenue increased by 0.8% to $77 million, driven by a 0.2% increase in net course registrations [9][10] - Rasmussen's revenue was $62.6 million, up 1% year-over-year, with a notable improvement in EBITDA loss to $4.5 million from $5.3 million [10] - Hondros revenue rose by 12.8% to $15.5 million, with total enrollment growing by 10.4% to approximately 3,100 students [10][11] Market Data and Key Metrics Changes - Fourth quarter total net course registrations for APUS are expected to grow by 4% to 6% compared to last year [4][11] - Rasmussen's fourth quarter total enrollment increased by 4% year-over-year, marking the second consecutive quarter of positive growth [4][11] - Hondros experienced a 19% year-over-year increase in total student enrollment to approximately 3,700 students [4][11] Company Strategy and Development Direction - The company is focused on strengthening its nursing and healthcare educational programs, anticipating significant growth due to high demand for nurses [6][8] - APEI aims to leverage its strong market position in military education and expand its nursing campus footprint to address healthcare demands [8][13] - The company is investing in online curriculum and IT infrastructure to enhance its offerings and improve marketing effectiveness [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about enrollment trends and financial performance, particularly at Rasmussen and Hondros [6][13] - The company anticipates continued growth in the online education market and a strong demand for nursing professionals [8][13] - Full year 2024 revenue guidance is set at $620 million to $625 million, reflecting a 3% to 4% increase from 2023 [4][11] Other Important Information - Total cash and cash equivalents increased to $162.2 million, with no borrowings under the $20 million revolving credit facility [11] - The company expects free cash flow for the full year to be at least $42 million [12] Q&A Session Summary Question: Profitability differences between APUS and other divisions - Management explained that APUS has a different operating model compared to campus-based operations, which affects profitability [15][16] Question: Increase in corporate costs - The increase in corporate costs was attributed to technology transition services and higher compensation costs [17][18] Question: EBITDA margin expectations for Rasmussen in Q4 - Management indicated that Rasmussen's EBITDA will be positive in Q4, but specific margin percentages were not provided [19] Question: Changes in pricing for APUS master's programs - The pricing change was made to align with the core value of no out-of-pocket costs for military students, with minimal impact on overall revenue [21][22] Question: Enrollment growth balance between in-person and online at Rasmussen - Management expects continued positive enrollment momentum in both online and campus-based programs [24][26] Question: Marketing strategy progress at APUS - The marketing team has been strengthened, leading to improved enrollment growth expectations for Q4 [28][30] Question: Long-term profitability targets for Hondros - Management is focused on optimizing campus locations and adding programs to improve profitability at Hondros [32][33]
American Public Education (APEI) Tops Q3 Earnings Estimates
ZACKS· 2024-11-12 23:16
American Public Education (APEI) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this for-profit education company would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise.Over the last four qu ...