New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 28, 2014
12:07 EDTBPI, ESI, DV, LOPE, STRA, APEI, APOL, COCO, CECOFor-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
Sign up for a free trial to see the rest of the stories you've been missing.
August 25, 2015
09:38 EDTCECOCareer Education discloses receipt of request for information from FTC
Subscribe for More Information
08:16 EDTESICalifornia drops attempt to suspend ITT Tech
Subscribe for More Information
August 21, 2015
10:01 EDTDVDeVry upgraded to Buy from Hold at Standpoint Research
August 18, 2015
18:32 EDTDVOn The Fly: After Hours Movers
Subscribe for More Information
17:17 EDTDVDeVry to move 14 campuses to online-only model
DeVry says demand for nursing program is growing. Says moving 14 locations to an online-only model to free up resources. Says experiencing uptick in brand awareness following recent advertising campaign. DeVry executives are speaking on the company's Q4 earnings conference call.
16:43 EDTDVDeVry says on track to deliver $125M in cost savings in FY16
Subscribe for More Information
16:29 EDTDVDeVry sees FY16 EPS flat to slightly up YoY, consensus $2.48
Subscribe for More Information
16:27 EDTDVDeVry sees Q1 revenue down about 5% YoY, consensus $455.94M
Q1 operating costs are expected to be down 2-3% versus the prior year quarter.
16:25 EDTDVDeVry reports Q4 EPS 57c, consensus 61c
Subscribe for More Information
14:51 EDTDVNotable companies reporting after market close
Subscribe for More Information
August 17, 2015
07:11 EDTDVDeVry August volatility elevated into Q4 and outlook
DeVry August call option implied volatility is at 113, September is at 55; compared to its 52-week range of 21 to 57 suggesting large price movement into the expected release of Q4 results on Aug 18.

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