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American Public Education: Insider Buying Boosts This Turnaround Stock's Bullishness
Seeking Alpha· 2024-09-02 07:36
Core Viewpoint - American Public Education (APEI) has shown significant recovery over the past year, with stock prices more than tripling since last September, attributed to a successful turnaround and consistent profitability [2][6] Company Background - APEI, based in Charles Town, WV, operates institutions focused on career-based higher education for working adults, including American Military University, Hondros College of Nursing, Graduate School USA, and Rasmussen University [3][4] Performance and Recovery - APEI's stock fell from over $25 per share at the time of the Rasmussen acquisition in 2021 to just over $4 per share by last October due to declining enrollment and losses in the Rasmussen segment [4][10] - Since implementing a turnaround strategy in 2023, including cost-cutting measures, APEI has seen improved fiscal results, leading to a rebound in stock performance [7][10] Recent Stock Movements - Following a negative reaction to Q2 2024 earnings, where revenue and earnings were up year-over-year but missed sell-side forecasts, APEI's stock fell nearly 28% but has since recovered towards pre-earnings levels [9][10] - The stock is currently trading at a discounted valuation compared to peers, with a P/E ratio of 12.6 for estimated 2025 earnings, suggesting potential for further price increases [10][11] Insider Activity - Insider buying, particularly by board member Michael David Braner, who increased his shareholding from 1.07 million to over 1.9 million shares, indicates confidence in APEI's future prospects [11] Future Outlook - APEI's stock could potentially reach $20 to $25 per share if the turnaround continues to meet forecasts, despite existing execution and political risks [12][13]
American Public University System and the Policy Studies Organization to Host Fifth Annual Space Education and Strategic Applications (SESA) Virtual Conference on September 19 - 20
Prnewswire· 2024-08-22 13:00
CHARLES TOWN, W.Va., Aug. 22, 2024 /PRNewswire/ -- American Public University System (APUS) and the Policy Studies Organization (PSO) welcome space enthusiasts and star gazers far and wide to register for the fifth annual Space Education & Strategic Applications (SESA) conference on Thursday, September 19 and Friday, September 20, 2024, featuring a social media star astronaut, the Chief Master Sergeant of the U.S. Space Force, and the Former James Webb Space Telescope Mission Ops Manager. The virtual confer ...
Over 1,000 People Located in 19 Countries Attend Virtual Conference on AI and the Future of Education from American Public University System and the Policy Studies Organization
Prnewswire· 2024-08-20 13:00
Core Insights - The virtual conference "AI and the Future of Education" attracted over 1,000 participants from 19 countries, highlighting the global interest in the intersection of AI and education [1][2] - APUS emphasizes the need for educational institutions to adapt to technological advancements to avoid obsolescence, focusing on personalized and flexible learning experiences [2][3] Conference Highlights - Keynote speakers included Dr. Matthew Lease, Dr. Michael Jabbour, and Lori Glover, who discussed the transformative role of AI in education and the importance of updating AI models [3] - U.S. Rep. Dr. Jay Obernolte highlighted the economic growth potential of technology and its impact on education during his remarks [3] - Roundtable discussions addressed critical topics such as AI in the classroom, data privacy, and equitable access to AI tools [3] APUS Overview - American Public University System (APUS) is recognized for its affordable, high-quality online education, with over 147,000 alumni from more than 80 countries [5] - APUS ranks in the top 11% for students' return on educational investment among 4,500 colleges and universities nationwide [5][6] - The institution is accredited by the Higher Learning Commission and is a subsidiary of American Public Education, Inc. [5]
American Public (APEI) Q2 Earnings Meet Estimates, Margins Rise
ZACKS· 2024-08-07 17:45
American Public Education, Inc. (APEI) reported second-quarter 2024, wherein earnings met the Zacks Consensus Estimate and significantly improved from the previous year.Revenues marginally 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 ("GSUSA") partially offset the growth.The company has been b ...
American Public Education(APEI) - 2024 Q2 - Earnings Call Transcript
2024-08-07 02:24
American Public Education, Inc. (NASDAQ:APEI) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Brian Prenoveau - Investor Relations Angela Selden - President & Chief Executive Officer Rick Sunderland - Executive Vice President & Chief Financial Officer Steve Somers - Senior Vice President, Chief Strategy & Corporate Development Officer. Conference Call Participants Raj Sharma - B. Riley Jasper Bibb - Truist Securities Operator Hello, and welcome to the American Public Educatio ...
American Public Education (APEI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-08-06 23:36
For the quarter ended June 2024, American Public Education (APEI) reported revenue of $152.9 million, up 3.9% over the same period last year. EPS came in at $0.01, compared to -$0.25 in the year-ago quarter.The reported revenue represents a surprise of -0.76% over the Zacks Consensus Estimate of $154.06 million. With the consensus EPS estimate being $0.01, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...
American Public Education(APEI) - 2024 Q2 - Earnings Call Presentation
2024-08-06 23:09
apeı Nasdaq: APEI Second Quarter 2024 Earnings Presentation AMERICAN PUBLIC EDUCATION, INC. Forward Looking Statements Statements made in this presentation regarding American Public Education, Inc. or its subsidiary institutions ("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, forwardlooking statements can be identified by words such as "anticipate," "believ ...
American Public Education (APEI) Matches Q2 Earnings Estimates
ZACKS· 2024-08-06 22:41
American Public Education (APEI) came out with quarterly earnings of $0.01 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.25 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this for-profit education company would post a loss of $0.19 per share when it actually produced a loss of $0.06, delivering a surprise of 68.42%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Americ ...
American Public Education(APEI) - 2024 Q2 - Quarterly Report
2024-08-06 20:04
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, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Com ...
American Public Education(APEI) - 2024 Q2 - Quarterly Results
2024-08-06 20:01
Exhibit 99.1 American Public Education Reports Second Quarter 2024 Financial Results Reiterating Full Year 2024 Revenue and Adjusted EBITDA Guidance Driven by Strong Second Quarter Performance CHARLES TOWN, W.V. – August 6, 2024 -- 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, has reported unaudited financial and operational results ...