In a previous column, I noted that each political party has sectors of the economy that they tend to support more than the opposing party. Furthermore, when Republicans and Democrats are in office, they usually reward their supporters and often take steps to harm the opposing party’s backers. I also pointed out that the party that controls the White House can wreak havoc on the industries that it doesn’t like by enacting adverse regulations, deploying regulators to harm companies, and convincing Congress to ...

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is American Public Education (APEI) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.American Public Education is a member of our Consumer Discretionary group, which includes 294 different companies and currently sits at #12 in the ...

American Public Education, Inc. (APEI) skyrocketed 117.4% in the past three months, backed by solid contributions from the American Public University System (“APUS”), Hondros College of Nursing segment (“HCN”) and Graduate School. Its focus on cost-saving initiatives and affordable tuition also bodes well.The stock outperformed the Zacks Schools industry’s 17.8% growth and the S&P 500 index’s 8% rally. Its earnings surpassed the Zacks Consensus Estimates in the trailing three quarters with an average surpri ...

American Public Education, Inc. (NASDAQ:APEI) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Christopher Symanoskie - Vice President, Investor Relations Angela Selden - President & Chief Executive Officer Rick Sunderland - Executive Vice President & Chief Financial Officer Conference Call Participants Jasper Bibb - Truist Securities Raj Sharma - B. Riley Operator Ladies and gentlemen, thank you for standing by. My name is Sherrill, and I will be your conference operator t ...

American Public Education, Inc. Third Quarter 2023 Results ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.01 par value APEI Nasdaq Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to __ ...

American Public Education, Inc. (NASDAQ:APEI) Q2 2023 Earnings Call Transcript August 8, 2023 5:00 PM ET Company Participants Ryan Koren - Assistant VP of IR & Corporate Development Angela Selden - President, CEO & Director Richard Sunderland - Executive VP & CFO Conference Call Participants Jasper Bibb - Truist Securities Alexander Paris - Barrington Research Operator Ladies and gentlemen, thank you for standing by. My name is Saurav, and I'll be your conference operator today. At this time, I would like t ...

American Public Education, Inc. Second Quarter 2023 Results ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.01 par value APEI Nasdaq Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2023 was $149.7 million, down 3% from the prior year period due to a $9.6 million or 14% decline in revenue at Rasmussen, partially offset by increases in revenue in the other three education units [19] - Adjusted EBITDA was $7 million for Q1 2023, compared to $17.4 million in the prior year period, representing an adjusted EBITDA margin of 5% compared to 11% in the prior year [20] - Net loss per diluted share for Q1 2023 was $0.38, compared to income per diluted share of $0.28 in the prior year period [21] Business Line Data and Key Metrics Changes - APUS revenue was approximately $74 million for Q1 2023, up $0.9 million compared to the prior year due to higher net course registrations from military students [19] - Hondros' revenue for Q1 2023 was approximately $13 million, a 14% increase compared to the prior year period, driven by higher total enrollment [19] - Graduate School USA generated over $5 million in revenue, an increase of more than 60% compared to the prior year period [13] Market Data and Key Metrics Changes - Total active duty registrations at APUS grew by 7% during Q1 2023 compared to the prior year period, with all branches of the Armed Services seeing year-over-year increases [10] - Hondros set an all-time high total enrollment record with 2,700 students in Q1 2023, reflecting a 10% increase compared to the prior year period [11] - Rasmussen's total nursing student enrollment decreased 22% year-over-year to approximately 6,400 students in Q2 2023 [23] Company Strategy and Development Direction - The company aims to rebuild at Rasmussen to replenish leadership and drive enrollment momentum for long-term sustainable growth and profitability [14] - APEI is focused on leadership in military and health care education and career learning while setting a path for long-term growth and profitability [9] - The new leadership team at Rasmussen has established priorities and is executing on key initiatives to mitigate challenges and position the university for future growth [16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing headwinds at Rasmussen, including the absence of permanent senior leadership over the last 12 months, but expressed confidence in the new leadership team's ability to unlock value [8] - The company expects strong revenue, substantial cash generation, and improving EBITDA margins throughout 2023 for APUS [10] - Management noted that despite inflationary pressures, tuition increases have been implemented to support revenue and margin growth in the second half of 2023 [13] Other Important Information - APEI completed the remaining authorized $8 million of share repurchases, repurchasing approximately 1.3 million shares [22] - The company has a remaining principal on the term loan of approximately $99 million and unrestricted cash of approximately $109 million, with net debt remaining at 0 [22] Q&A Session Summary Question: Has the management lineup at Rasmussen been fully revitalized after the departures? - Yes, the leadership team at Rasmussen is now fully staffed with seasoned executives [26] Question: What is the outlook for Rasmussen given the ongoing challenges? - Management noted that nursing enrollment momentum is being affected by the completion of students who began their education online during the pandemic, but they expect stabilization as these cohorts graduate [29] Question: How is the new marketing engine progressing? - Significant efficiencies in marketing spend have been achieved, allowing for reinvestment into the marketing engine [33]