CHARLES TOWN, W.Va., March 14, 2024 /PRNewswire/ -- American Public University doctoral student Andreea Mosila has been selected as a Fulbright Scholar, with plans to conduct research on climate change and its global security implications at Babeș-Bolyai University in Romania for the 2024-2025 academic year. The prestigious Fulbright Program is the world's largest and most acclaimed international academic exchange initiative. American Public University doctoral student Andreea Mosila has been selected as ...

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American Public Education, Inc. (APEI) delivered strong earnings in fourth-quarter 2023. The top and bottom lines handily surpassed the Zacks Consensus Estimate on the back of contributions from the American Public University System (“APUS”) and Hondros College of Nursing (“HCN”) segments.Shares of this post-secondary education provider lost 1.3% during the trading session and 0.6% in the after-hours trading session on Mar 5. Investors’ sentiments might have been hurt by tepid guidance for 2024.Delving Deep ...

Core Insights - American Public Education (APEI) reported revenue of $152.8 million for the quarter ended December 2023, marking a year-over-year increase of 0.2% and an EPS of $0.64 compared to -$0.27 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $150.54 million by 1.50%, while the EPS surprised by 357.14% against the consensus estimate of $0.14 [1] Revenue Breakdown - Corporate and Other revenues were $5.08 million, below the two-analyst average estimate of $7.11 million [2] - Revenues from Hondros College, Nursing Programs (HCN) reached $15.79 million, surpassing the average estimate of $14.77 million [2] - American Military & Public University (APUS) generated $79.36 million in revenues, exceeding the estimated $76.69 million [2] - Rasmussen University (RU) reported revenues of $52.58 million, slightly below the average estimate of $52.65 million [2] Stock Performance - Shares of American Public Education have returned +3.3% over the past month, compared to a +3.6% change in the Zacks S&P 500 composite [2] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [2]

Financial Data and Key Metrics Changes - APEI's revenue for Q4 2023 reached $152.8 million, exceeding guidance and marking a 0.2% increase from the prior year [22] - Adjusted EBITDA for Q4 2023 was $25.7 million, significantly above guidance and up from $15.4 million in the prior year, resulting in an adjusted EBITDA margin of 16.8% compared to 10.1% [23] - Earnings per share improved from a loss of $0.35 in the prior year to a gain of $0.64 in Q4 2023 [9] Business Line Data and Key Metrics Changes - APUS saw revenue increase to $79.4 million in Q4 2023, an 8.1% rise year-over-year, driven by growth in net course registrations and tuition increases [24] - Rasmussen's revenue decreased by 13.4% to $52.6 million in Q4 2023 due to lower enrollment, although EBITDA turned positive at $0.4 million [25] - Hondros achieved revenue of $15.8 million in Q4 2023, up 24.9% year-over-year, with positive EBITDA of $1.1 million compared to a loss in the prior year [26] Market Data and Key Metrics Changes - APUS reported a 4% increase in net course registrations year-over-year, with active duty registrations up 5% and veteran registrations up 13% [10] - Rasmussen's overall enrollment decreased by 6% in Q1 2024, with on-ground healthcare enrollments declining by 11% [29] - Hondros recorded a 22% increase in total student enrollment year-over-year, reaching approximately 3,300 students [30] Company Strategy and Development Direction - APEI is focusing on growth, academic quality, and student success, with investments in curriculum modernization and faculty wage increases [19] - The company plans to relocate two Hondros campuses and introduce new programs to better meet local community needs [19] - APEI aims to strengthen its market position and improve student experience through technology upgrades and operational enhancements [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the outlook for 2024, initiating full-year revenue guidance of $610 million to $620 million and adjusted EBITDA guidance of $55 million to $65 million [18] - The company acknowledged ongoing challenges but highlighted improvements in enrollment trends, profitability metrics, and NCLEX scores as indicators of progress [20] - Management emphasized the importance of attracting and retaining strong leaders to drive operational enhancements and uphold educational promises [19] Other Important Information - APEI's cash flow from operations increased by 55.8% to $45.5 million in 2023, attributed to higher revenue and operating income at APUS [27] - The company repurchased 1.76 million shares for $12.5 million over the past year, indicating a commitment to returning value to shareholders [28] Q&A Session Summary Question: How to bridge the Q4 margin exit rates with 2024 guidance? - Management noted that Q4 is seasonally strong and that investments in course improvement, faculty salaries, and technology will impact margins in 2024 [33][34] Question: What is the expected normalization of receivables? - Management confirmed that changes in billing policy will lead to a decline in receivables, but not to previous levels due to the new billing timing [39] Question: What are the drivers of improving NCLEX pass rates? - Key initiatives included hiring new leadership, strengthening faculty training, and investing in student success coaches [44] Question: What options exist to reduce risk related to the 90/10 rule? - Management discussed initiatives to bolster non-federal funding sources, including enrolling non-title IV eligible students and exploring programmatic mix options [48] Question: Can you provide more color on the greater-than-expected profitability? - Management attributed the improved profitability to lower marketing and advertising expenses and a lower-than-expected bonus accrual [51] Question: What is the status of the ADN program in Bloomington? - The decision to close the ADN program was voluntary, driven by the need to focus on BSN programs that align better with market demand [58]

American Public Education, Inc. Fourth Quarter 2023 Results March 5, 2024 PRESENTED BY AngelaSelden President andCEO Richard Sunderland,CPA Executive VP and CFO Forward Looking Statements Statements made in this presentation regarding American Public Education, Inc. or its subsidiaries ("APEI" or the "Company") that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about APEI and the industry. In some cases, forward-looking statemen ...

American Public Education, Inc. (APEI) is slated to report fourth-quarter 2023 results on Mar 5, after market close.In the fourth quarter, the company’s top and bottom lines surpassed the Zacks Consensus Estimate by 108% and 1.1%, respectively. On a year-over-year basis, revenues decreased 1.6%. APEI reported an adjusted loss of 6 cents per share in the year-ago quarter.The company’s earnings topped the consensus mark in three of the trailing four quarters and missed on one occasion, an average surprise bei ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 or ☐ Transition report pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission file number: 001-33810 American Public Education, Inc. (Exact name of registrant as specified in its charter) Delaware 01-0724376 (Stat ...

Exhibit 99.1 American Public Education Reports Fourth Quarter and Full Year 2023 Results CHARLES TOWN, W.Va., March 5, 2024 /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI) announced financial results for the quarter and year ended December 31, 2023. Fourth Quarter Highlights: · Consolidated revenue increased 0.2% year-over-year to $152.8 million. · Net income available to common stockholders was $11.5 million, compared to a net loss available to common stockholders of $6.6 million in the prio ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, February 27:Heartland BancCorp (HLAN) : This bank holding company for Heartland Bank carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.Heartland has a price-to-earnings ratio (P/E) of 8.88 compared with 10.10 for the industry. The company possesses a Value Score of B.CI Financial Corp. (CIXXF) : This asset management h ...