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Apollo Education Group, Inc. (APOL)

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  • Jun. 28, 2013, 11:09 AM
    Interest rates on many subsidized student loans could shoot up to 6.8% from 3.4% on Monday unless Congress moves on the issue, but that's not the biggest problem facing U.S. families, according to industry watchers. College tuition keeps rising at unsustainable rates creating mounds of debt for graduates. The impact on for-profit education companies (ESI, EDMC, APEI, LINC, BPI, LOPE, APOL, COCO, STRA, NAUH, CECO, DV) is seen as two-fold: In the short-term, attractive pricing in relation to traditional colleges and universities could help demand for the sector - but in the long-term there are risks that a student loan bubble could end the party abruptly.
  • Jun. 26, 2013, 3:42 PM
    Apollo Group (APOL -9.2%) slumps after its Q3 earnings report shows University of Phoenix enrollment and new degreed enrollment fell 17% and 24.5% Y/Y respectively during the period. For their part, Barrington Research believes the company "will continue to disappoint investors as macroeconomic trends and company‐specific issues continue to put pressure on student starts." Across the sector: COCO -1.8%, STRA -2.96%, LOPE -0.41%, LINC -8%, ESI and EDMC flat.
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  • Jun. 26, 2013, 9:18 AM
    Premarket gainers: RSOL +19%. LIVE +19%. SYNA +12%. BLDP +7%. NVMI +6%. PSTI +5%.
    Losers: KNDI -9%. FIVE -6%. APOL -6%.
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  • Jun. 25, 2013, 5:35 PM
    After-hours top gainers, as of 5:15 p.m.: SYNA +14%. MLHR +8%. AVAV +7%. HOMB +3%. VHC +3%.
    After-hours top losers: APOL -7%. FIVE -5%. X -4%. AHH -3%. RES -2%.
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  • Jun. 25, 2013, 4:03 PM
    Apollo Group (APOL): FQ3 EPS of $1.05 beats by $0.20. Revenue of $946.8M misses by $18.27M. Shares +0.06% AH. (PR)
  • Jun. 25, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: APOL, AVAV, SWHC
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  • Jun. 24, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: APOL, AVAV, SWHC
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  • Jun. 24, 2013, 2:05 PM
    Shares of Education Management Corporation (EDMC -11.4%) slide double-digits, bringing two-day losses to more than 20% as the for-profits add to Friday's losses amid the broad market turmoil. Rundown: APOL -0.94, COCO -0.93%, STRA -1.86%, LOPE -0.86%, LINC -5.15% (previous), ESI -4.97%.
  • Jun. 21, 2013, 3:10 PM
    Shares of ITT Educational Services (ESI -7.5%) take a beating after Argus downgrades the stock to Sell citing negative enrollment trends, "reduced government funding for Pell grants, [and] relatively high tuition rates." The firm also points to below-peer group EPS and revenue growth rates. Across the sector: LINC -2.3%, LOPE -1.17%, APOL -2.94%, STRA -2.23%, EDMC -9.45%, COCO -0.93%.
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  • Jun. 20, 2013, 5:32 PM
    News Corp. (NWSA) will replace Apollo Group (APOL) in the S&P 500. APOL is replacing Forest Oil (FST)in the S&P MidCap 400, and FST will replace Enzo Biochem (ENZ) in the S&P SmallCap 600 after the close of trading on Friday, June 28.
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  • Jun. 10, 2013, 10:57 AM
    Education stocks (CECO, STRA, APEI, LINC, DV) are ripping higher again, led by Apollo Group (APOL +5.9%) and Corinithian Colleges (COCO +6.8%). Traders are buzzing about technical indicators in the sector, but SA contributor David Waldron is looking down the road to see a "shakeout" in the education market that could lead to a resumption of consistent growth and profits even with regulation higher.
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  • Jun. 5, 2013, 11:09 AM
    The for-profit education sector has been beaten up too much by investors and analysts, reasons SA contributor Daniel Philip. He thinks after student loan balances begin to decrease, the industry will benefit from the higher rate of high school graduates and the improved cost structures at major providers. The sector (APEI, APOL, CECO, COCO, STRA, LINC, LOPE, BPI, DV, CPLA, EDMC, NAUH) should rally again eventually, although ITT Educational Services (ESI +11%) might be getting a nice little head start.
  • May 23, 2013, 1:14 PM
    Overdue student loans reached an all-time high of 11% during Q3 of last year, according to the DOE. The news comes just as the House approved a Republican-led proposal to allow interest rates on student loans to float. Still up for debate is whether or not a two-year extension of the 3.4% rate for subsidized Stafford loans will be legislated. Sector watch: APEI, APOL, CECO, COCO, ESI, STRA, LINC, LOPE, BPI, DV, CPLA, EDMC, NAUH.
  • Apr. 29, 2013, 9:07 AM
    Education stocks are in focus after DeVry (DV) announces it will freeze tuition rates for the next academic year. Investors are already skittish on the sector due to federal funding concerns. On watch: CECO, APOL, STRA, COCO, ESI, ITT, BPI, LINC.
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  • Apr. 26, 2013, 3:18 PM
    For-profit education names are lower across the board, taking a step back after yesterday's gains. This week saw both DeVry (DV -3.7%) and ITT Educational (ESI -10.6%) report significant Y/Y declines in enrollment ( -17% at DV's namesake university and -14.2% total student enrollment at ESI) and today investors seem to be second guessing ESI after Thursday's rally as a price target hike at Barclays ($16) is overshadowed by Compass Point's downgrade and revised target ($12). Sector roundup: (APOL -0.7%), (CECO -3.5%), (STRA -0.5%), (LINC -3.7%), (LOPE -1.2%), (BPI).
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  • Apr. 25, 2013, 10:12 AM
    Key stats from ITT Educational Services' (ESI +9.4%) Q1 beat: New student enrollment during the quarter fell 3.6% Y/Y while total student enrollment dropped 14.2%. The market seems to like the numbers (better than DeVry's drop in enrollment) as investors may just be looking for trends that are "less bad" out of for-profit education stocks (see Deutche's upgrade of ITT). Other for-profits trading higher: (APOL +3.4%), (CECO +3.3%), (STRA +1.7%), (BPI +1.3%)
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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.