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Stock Market & Financial Investment News

News Breaks
February 28, 2014
12:07 EDTAPEI, DV, CECO, STRA, ESI, COCO, LOPE, BPI, APOLFor-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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July 31, 2014
06:43 EDTSTRAStrayer announces CFO Mark Brown to retire on March 1, 2015
Brown will be replaced by Daniel Jackson, who is being promoted from his current role as Senior Vice President and Treasurer. Jackson joined Strayer Education in 2003, and has served as Vice President of Finance and Regional Vice President of Operations, among other roles.
06:43 EDTSTRAStrayer reports summer term down 6% to 36,403 compared to 38,627 a year ago
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06:42 EDTSTRAStrayer reports Q2 EPS $1.29, consensus $1.27
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July 30, 2014
11:14 EDTBPIHigh option volume stocks
High option volume stocks: EXAM ASML EWY TQNT NFX RFMD RATE BPI GALT ZLTQ
July 29, 2014
10:37 EDTSTRAStrayer upgraded to Hold from Sell at Deutsche Bank
July 28, 2014
08:04 EDTBPIBridgepoint Education discloses SEC subpoena, Massachusetts investigative demand
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July 21, 2014
10:32 EDTCOCOCorinthian Colleges confirms appointment of independent monitor
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July 20, 2014
15:51 EDTCOCOEducation Department names team to monitor Corinthian Colleges
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July 18, 2014
08:33 EDTDVDeVry discloses receipt of letter from NY AG regarding ads, marketing
DeVry disclosed in a regulatory filing that on July 15 DeVry Group received a letter from the Office of the Attorney General of the State of New York requesting cooperation with the NYOAG’s inquiry into whether recent television advertisements and website marketing regarding DeVry University may have violated federal and state laws prohibiting false advertising and deceptive practices. The letter requests relevant information from January 1, 2011, to the present to enable NYOAG to make a determination of what action, if any, is warranted. "DeVry Group intends to provide the Office of the Attorney General with its full cooperation with a view toward demonstrating the compliant nature of its practices. The timing or outcome of this matter, or its possible impact on DeVry Group’s business, financial condition or results of operations, cannot be predicted at this time," the company stated.
July 17, 2014
08:05 EDTCECOHLC continues accreditation for American InterCollege University
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