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Stock Market & Financial Investment News

News Breaks
February 28, 2014
12:07 EDTLOPE, STRA, APEI, APOL, COCO, CECO, BPI, ESI, DVFor-profit education companies down after American Public profit miss
Shares of most for-profit education companies are falling after one of the companies in the sector, American Public Education (APEI), reported lower than expected fourth quarter profits, and provided much lower than expected first quarter profit guidance. WHAT'S NEW: American Public Education, which specializes in serving members of the military and public employees, reported Q4 earnings per share of 51c, versus analysts' consensus outlook of 54c. The company reported slightly higher than expected Q4 revenue, but predicted that its Q1 EPS would be 43c-48c, versus the consensus outlook of 67c. The company expects net course registrations by new students at its online university, American Public University System, to fall 7%-9% during the current quarter versus the same period a year earlier. On American Public's earnings conference call, the company noted that several branches of the military had made cuts and/or had implemented new restrictions o tuition assistance programs for their members. Uncertainty about these programs among service members, as well as confusion about eligibility requirements for them, have been at least partly responsible for continued soft demand for American Public's courses among members of the military, the company's CEO Wallace Boston stated. ANALYST REACTION: In a note to investors earlier today, Barrington Research analyst Alexander Paris wrote that American Public's total net registrations during Q4 were below analysts' consensus estimate. The stock's potential in the near-term is limited, as a result of price cuts by the company's competitors, and uncertainties about military funding, wrote Paris. He kept a Market Perform rating on the shares, but sees the company as an attractive long-term investment. PRICE ACTION: In late morning trading, ITT Educational (ESI) dropped 1.3% to $30.63, Strayer (STRA) retreated 1.7% to $48.25, Grand Canyon (LOPE) gave back 1.4% to $47.30, and American Public Education plunged 22% to $36.05. Other publicly traded companies in the space include Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), and DeVry (DV).
News For APEI;DV;CECO;STRA;ESI;COCO;LOPE;BPI;APOL From The Last 14 Days
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February 26, 2015
16:08 EDTAPEIAmerican Public Education reports Q4 EPS 68c, consensus 53c
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10:56 EDTAPOLOptions with increasing implied volatility
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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
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February 20, 2015
16:21 EDTCOCOCorinthian Colleges subsidiary files for Canadian bankruptcy protection
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February 19, 2015
07:18 EDTLOPEGrand Canyon go-private deal looking less likely, says Piper Jaffray
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February 18, 2015
16:19 EDTLOPEGrand Canyon sees FY15 EPS $2.62, consensus $2.34
Sees FY15 revenue $771.0M, consensus $766.34M.
16:18 EDTLOPEGrand Canyon sees Q4 EPS 77c, no estimates
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16:18 EDTLOPEGrand Canyon sees Q3 EPS 65c, no estimates
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16:17 EDTLOPEGrand Canyon sees Q2 EPS 52c, no estimates
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16:15 EDTLOPEGrand Canyon sees Q1 EPS 68c, consensus 64c
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16:14 EDTLOPEGrand Canyon reports Q4 EPS 70c, consensus 67c
Reports Q4 revenue $190.0M, consensus $185.08M.
February 15, 2015
17:10 EDTCOCOCalifornia suspends Cal Grants to Corinthianís Heald students
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