Mon, Nov. 23, 5:36 PM
Thu, Oct. 22, 12:47 PM
Fri, Oct. 9, 11:15 AM
- Apollo Education (NASDAQ:APOL) is down 10.6% to $11.05 after disclosing that the University of Phoenix is on probation with the DoD.
- Phoenix is no longer allowed to recuit on U.S. military installations.
- As tipped earlier, the for-profit sector is on edge with the ruling. Bridgepoint Education (BPI -3%), Career Education (CECO -2.2%), DeVry (DV -1.5%), Strayer Education (STRA -1.4%), and ITT Educational (ESI -1.1%) are some of the names trading off a bit.
Mon, Oct. 5, 6:14 PM
- Apollo Education (APOL +3.4%) has promoted Gregory Iverson to be its permanent chief financial officer, effective Oct. 26.
- Iverson replaces interim CFO Joseph D'Amico, who's been in the role since May, after longtime CFO Brian Swartz resigned. D'Amico had previously served as the company's CFO and its COO.
- Iverson is currently chief accounting officer, VP of finance and treasurer. He joined Apollo in April 2007.
Wed, Jul. 29, 8:59 AM
Tue, Jun. 30, 9:19 AM
Mon, Jun. 29, 4:20 PM
- Apollo Education (NASDAQ:APOL) reports degreed enrollment fell 14.5% Y/Y to 206.9K in FQ3.
- New degreed enrollment was down 13.3% to 29.4K during the quarter.
- Degree seeking net revenues per degreed enrollment -4.6% to $2,642.
- Guidance: Full-year revenue of 2.6B-$2.62B expected vs. $2.63B consensus.
- Previously: Apollo misses by $0.03, misses on revenue (June 29)
- APOL -4.33% after hours
Mon, Jun. 15, 5:40 PM
Mon, Apr. 27, 1:37 PM
- For-profit education stocks are getting bashed after Corinithian Colleges (COCO -25.9%) closes all of its schools in a development that throws a spotlight on the sector.
- CNBC reports it's the largest shutdown in the history of higher education in the U.S.
- Previously: Education stocks on watch after Corinthian Colleges shuts down (Apr. 27 2015)
- Decliners: Apollo Education (NASDAQ:APOL) -1.5%, Career Education (NASDAQ:CECO) -7.1%, Strayer Education (NASDAQ:STRA) -1.7%, Lincoln Education (NASDAQ:LINC) -1.3%, Education Management (NASDAQ:EDMC) -4.1%, National American University Holdings (NASDAQ:NAUH) -1.8%, American Public Education (NASDAQ:APEI) -1.3%.
Wed, Mar. 25, 2:23 PM
- The for-profit education sector is full of volatility today.
- Apollo Education (APOL -27%) is getting shellacked off of a disappointing FQ2 earnings report.
- Enrollment guidance from Apollo came in below expectations.
- Peers Bridgepoint Education (BPI -3.7%), DeVry Education (DV -5.5%), ITT Educational Services (ESI -4.1%), Grand Canyon Education (LOPE -3.9%), and American Public Education (APEI -1.6%) are also lower in sympathy.
- National American University Holdings (NASDAQ:NAUH) is an outlier with a 3% gain, while microcap Education Management (NASDAQ:EDMC) is up a clean 20%.
- Trading volume is up across the sector.
- What to watch: A push by President Obama to make some forms of community college free is considered a threat to the sector.
Wed, Mar. 25, 12:45 PM
Wed, Mar. 25, 9:11 AM
Wed, Mar. 25, 7:47 AM
- Apollo Group (NASDAQ:APOL) reports University of Phoenix degreed enrollment fell 14.6% to 213.8K in FQ2.
- New degreed enrollment was 12.90% lower than a year ago at 28,300.
- Segment revenue: University of Phoenix: $487.77M (-17.90%); Apollo Global: $81.10M (+18.16%); Other: $9.70M (-3.35%).
- Segment operating income: University of Phoenix: $1.35M (-98.44%); Apollo Global: -$27.54M (+31.15%); Other: -$28.34M (+22.12%).
- FQ3 Guidance: Net revenue: $690M to $705M; Operating income: $85M to $95M.
- FY2015 Guidance: Net revenue: $2.63B to $2.68B; Operating income: $200M to $230M.
Wed, Mar. 18, 11:33 AM
- Select for-profit education stocks have spiked higher despite a flurry of negative news on the sector over the last few weeks.
- The sector has an eye on Washington where a proposal by President Obama to make public junior college free is a potential threat to admission numbers.
- Advancers include Bridgepoint Education (BPI +6.2%), Apollo Education (APOL +1.7%), Corinthian Colleges (COCO +9.3%), Strayer Education (STRA +2.5%), ITT Educational Services (ESI +3.1%).
Thu, Jan. 8, 12:47 PM
Thu, Jan. 8, 9:15 AM
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