New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 7, 2013
11:24 EDTDV, NAUH, STRA, APOL, COCO, LOPE, BPI, CECO, LINC, ESI, EDMC, APEIFor-profit education stocks rally after DeVry beats expectations
For-profit education stocks are climbing after one of the largest companies in the sector, DeVry (DV), reported stronger than expected second quarter results last night. DeVry's earnings excluding one-time items came in at 87c, versus analysts' consensus estimate of 56c. The company's revenue was slightly higher than expected. DeVry said that its costs in the second quarter were below its previous outlook, partly due to the deferral of some expenses into the third quarter. DeVry now expects to reduce its costs by $80M in the current fiscal year, up from its previous total of $60M. Undergraduate enrollment at the company's flagship DeVry University dropped 15.5% for the November 2012 session compared with the same period a year earlier and graduate student enrollment tumbled 16% during the same period. The total number of online undergraduate and graduate coursetakers in the November session decreased 11.7%, the company added. On a positive note, total enrollment at the company's Chamberlain College of Nursing surged 13.5%. In a note to investors earlier today, JPMorgan analyst Jeffrey Volshteyn upgraded his rating on the stock to Neutral from Underwegiht. While DeVry University's enrollment was weak, the company's other schools posted "stellar" results, the analyst wrote, adding that the company's diversification strategy appears to be working. Volshteyn increased his target on the shares to $28 from $22. In late morning trading, Apollo Group (APOL) climbed 3% to $20.60, Strayer (STRA) rallied 5% to $61, Grand Canyon (LOPE) rose 4% to $25.50, and ITT Educational (ESI) soared 7.5% to $18.07. Meanwhile, DeVry shares jumped over 20% to $31.41.
News For APEI;CECO;APOL;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 5, 2015
07:40 EDTLOPEITG Research holds a field trip
Subscribe for More Information
March 3, 2015
16:12 EDTCECOCareer Education sees positive FY15 adjusted EBITDA
An update on the company’s expectations for performance and general business outlook for full year 2015 include: Modest growth in total student enrollments for the year within its University group, with online being the primary contributor; Positive adjusted EBITDA for full year 2015 from ongoing operations, which excludes the Transitional Group and campuses held for sale; Reduce operating expenses by an additional $40M based on actions that were taken in 2014; Continued progress on reductions of real estate obligations; End fiscal year 2015 with over $190M in total cash, cash equivalents, restricted cash and short-term investments.
16:10 EDTCECOCareer Education reports Q4 EPS (38c), consensus (30c)
Reports Q4 revenue $174.2M, consensus $232.51M. For the fourth quarter of 2014, total student enrollments for ongoing operations decreased 4.5% compared to the prior year quarter.
February 26, 2015
16:08 EDTAPEIAmerican Public Education reports Q4 EPS 68c, consensus 53c
Subscribe for More Information
10:56 EDTAPOLOptions with increasing implied volatility
Subscribe for More Information
February 24, 2015
10:45 EDTAPOLApollo Education calls active on renewed takeover chatter
Apollo Education March 28, 29 and April 30 calls are active on total call volume of 4,900 contracts (200 puts) on renewed takeover chatter. March call option implied volatility is at 28, April is at 37, May is at 35; compared to its 26-week average of 33 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:35 EDTAPOLRumor: Apollo Education moves up on renewed takeover chatter
Subscribe for More Information
February 20, 2015
16:21 EDTCOCOCorinthian Colleges subsidiary files for Canadian bankruptcy protection
Subscribe for More Information
February 19, 2015
07:18 EDTLOPEGrand Canyon go-private deal looking less likely, says Piper Jaffray
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use