New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 9, 2012
10:23 EDTDV, LOPE, BPI, APEI, EDMC, NAUH, COCO, ESI, CECO, APOL, LINC, STRAFor profit education companies sink after Strayer guidance miss
Many for-profit education stocks are retreating after Strayer Education (STRA) predicted that its fourth quarter profit would be significantly below Wall Street's expectations. Strayer's full-year earnings per share outlook was also well below analysts' consensus estimate. Moreover, the company announced that it was suspending its dividend in 2013, and said that its enrollment dropped 4.6% in the third quarter. However, on a positive note new student enrollments did surge 40% compared with the same period in 2011. In mid-morning trading, Strayer tumbled $6.32, or 11.25%, to $49.85, while Bridgepoint Education (BPI) gave back 2.43% to $8.83, Grand Canyon (LOPE) retreated 3.06% to $21.55, and Corinthian Colleges (COCO) lost 1.73% to 42.27.
News For BPI;LINC;COCO;LOPE;APOL;NAUH;DV;CECO;EDMC;STRA;ESI;APEI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 26, 2015
08:02 EDTAPOLApollo's Carnegie Learning approved by Texas for high school mathematics
Subscribe for More Information
January 16, 2015
13:25 EDTAPOLManning & Napier Advisors reports 6.44% passive stake in Apollo Education
January 15, 2015
14:45 EDTAPEI, LOPE, ESI, DV, COCO, CECO, BPI, APOL, STRAFor-profit education names slip after Wells says search data negative
Shares of a number of for-profit education companies are falling after Wells Fargo wrote that Google search trends do not bode well for the sector. WHAT'S NEW: Google search trends for the fourth quarter indicate that students' interest in for-profit education companies probably did not increase significantly during that period, Wells Fargo analyst Trace Urdan wrote in a note to investors today. The data indicates that new student enrollment at the schools could even come in below already pessimistic expectations, Urdan reported. The analyst found that searches for terms related to for-profit schools dropped in Q4, versus the same period a year earlier. Moreover, there were many more searches in Q4 for non-profit schools than for-profit colleges, Urdan stated. Sentiment towards for-profit education names is already "quite weak" after President Obama on January 9 proposed allowing all Americans to attend community college at no cost and Apollo Education (APOL) on January 8 provided lower than expected Q2 revenue guidance, Urdan stated. As a result, investors may already be expecting schools in the sector to report weak enrollment data, Urdan believes. However, the search data for Strayer (STRA) is "more negative than positive," even though expectations for the company appear to be elevated, the analyst reported. On a positive note, search results for Capella Education (CPLA), Grand Canyon (LOPE), and DeVry's (DV) Chamberlain looked better than average, Urdan reported, adding that investors' expectations towards those names are relatively upbeat. PRICE ACTION: In mid-afternoon trading, Strayer fell 1% to $68, ITT Educational fell 3.6% to $8.37, Bridgepoint Educational (BPI) tumbled 4.5% to $10.10, American Public (APEI) slid 2.25% to $33.89, and Grand Canyon gave back 2% to $43.
January 14, 2015
10:21 EDTAPOLOptions with decreasing implied volatility
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