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Apollo Education Group, Inc. (APOL)

  • Jul. 14, 2014, 5:05 PM
    • Apollo Education (NASDAQ:APOL) discloses the Department of Education plans to "conduct an ordinary course program review of University of Phoenix's administration of federal student financial aid (Title IV) programs in which the University participates."
    • The review will "cover federal financial aid years 2012-2013 and 2013-2014, as well as compliance with the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act, the Drug-Free Schools and Communities Act and related regulations."
    | Jul. 14, 2014, 5:05 PM | 2 Comments
  • Jun. 25, 2014, 8:25 AM
    • Apollo Education (APOL) +1.7% premarket after FQ3 earnings beat expectation, although revenues fell 15.5% Y/Y to $799.9M.
    • University of Phoenix enrollment totaled 241,900, a 16% decline but ahead of the company's forecast of 230K by August; new enrollment fell 13% Y/Y to 33,900.
    • APOL narrows its outlook range for the year, now expecting revenue of $3.04B-$3.06B and operating income of $420M-$435M; it had previously forecast revenue of $3B-$3.1B and operating income of $400M-$450M.
    • Today could be a stomach-churning ride for investors, if history is a guide: The average move for shares in either direction on earnings day during the last five years has been 10.7%.
    | Jun. 25, 2014, 8:25 AM | Comment!
  • Jun. 25, 2014, 7:32 AM
    • Apollo (APOL): FQ3 EPS of $0.76 beats by $0.10.
    • Revenue of $799.9M (-15.5% Y/Y) beats by $5.47M.
    • Press Release
    | Jun. 25, 2014, 7:32 AM | Comment!
  • Jun. 24, 2014, 5:30 PM
  • Jun. 11, 2014, 11:30 AM
    • The Senate blocked a bill to lower interest rates on student loans through higher taxes on the wealthy via the Buffett rule.
    • The measure received 56 "yes" votes and 38 on the "no" side.
    • Related stocks: CECO, LOPE, DV, APEI, LRN, STRA, BPI, APOL, CPLA, EDU.
    | Jun. 11, 2014, 11:30 AM | 22 Comments
  • May 22, 2014, 11:34 AM
    • A rumor Bill Ackman will announce a short position in the company has Apollo Education (APOL) quickly off 6.5% in late-morning action.
    | May 22, 2014, 11:34 AM | 4 Comments
  • May 2, 2014, 1:34 PM
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    | May 2, 2014, 1:34 PM | 8 Comments
  • Apr. 2, 2014, 12:46 PM
    | Apr. 2, 2014, 12:46 PM | 1 Comment
  • Apr. 2, 2014, 8:30 AM
    • Apollo Education (APOL) trades lower in early action after revealing a weakening enrollment trend.
    • New student enrollment fell 16.5% Y/Y to 32.5K students while total enrollment is off 17%.
    • During the firm's conference call, CEO Gregory Cappelli disclosed more information about the government subpoena the company received. The exec noted Apollo is being asked for details on UOP's operations in the northeast part of the U.S. (CC transcript).
    • APOL -3.2% premarket
    • Previous: Earnings, downgrade
    | Apr. 2, 2014, 8:30 AM | Comment!
  • Apr. 2, 2014, 8:08 AM
    • Apollo Education (APOL) nabs an Outperform rating from Wells Fargo.
    • The investment firm previously had Apollo slotted as a Market Perform.
    | Apr. 2, 2014, 8:08 AM | Comment!
  • Apr. 1, 2014, 5:38 PM
    | Apr. 1, 2014, 5:38 PM | 1 Comment
  • Apr. 1, 2014, 4:04 PM
    • Apollo Group (APOL): FQ2 EPS of $0.28 beats by $0.09.
    • Revenue of $679.1M (-18.6% Y/Y) misses by $9.94M.
    • Share -1.7%  AH.
    • Press Release
    | Apr. 1, 2014, 4:04 PM | Comment!
  • Apr. 1, 2014, 12:10 AM
  • Mar. 31, 2014, 5:35 PM
  • Mar. 14, 2014, 4:33 AM
    • The White House has proposed rules that could cut federal funding to higher-education training programs if the cohort default rate among graduates for their student loans exceeds 30% for three years in a row.
    • Programs could also lose out if annual related debt payments surpass 20% of their discretionary income or 8% of their total income.
    • The proposed regulations are tougher than similar rules that were struck down in court in 2011.
    • The for-profit sector is unsurprisingly not happy with the rules.
    • Related tickers: APOL, CECO, COCO, DV, STRA, ESI, LOPE, APEI, EDMC, LINC.
    | Mar. 14, 2014, 4:33 AM | 4 Comments
  • Feb. 27, 2014, 1:47 PM
    • "ITT Educational Services (ESI -2.2%) believes that the CFPB's complaint should never have been filed. The complaint overwhelmingly focuses on issues that are unrelated to consumer finance, and attempts to cast a negative light on aspects of ITT Tech's activities that are extensively regulated by other government agencies."
    • The core of the CFPB's claims concern just six months of loans, but the bureau knows, says ITT, independent parties provided those loans and the programs ended years ago. "Significantly, ITT Tech did not make any money, in interest or fees, from those third-party programs, which were designed to help students during the recent economic downturn."
    • "Much of the complaint relies on 'mystery shoppers,' a program that ITT Tech itself voluntarily uses to make sure its policies are being followed by its employees, and to help ensure that errors in implementation are caught and corrected."
    • "The complaint is an aggressive attempt by the Bureau, recently created by the Dodd-Frank Act, to extend its jurisdiction into matters well beyond consumer finance.  It is unjustified as a matter of law and mistaken as a matter of fact."
    • That's the point, says Herb Greenberg. "It creates a roadmap ... other for profits should shudder."
    • Press release
    • Previous coverage of CFPB suit
    • Other sector names: APOL, CECO, COCO, DV, STRA, LOPE, APEI, EDMC, LINC
    | Feb. 27, 2014, 1:47 PM | 1 Comment
APOL vs. ETF Alternatives
Company Description
Apollo Education Group Inc is a private education service provider. It offers undergraduate, graduate, professional development & other non-degree educational programs and services.