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
Thu, Jan. 8, 8:03 AM
- Apollo Group (NASDAQ:APOL) reports University of Phoenix degreed enrollment fell 13.5% to 227.4K in FQ1.
- New degreed enrollment was 5.0% lower than a year ago at 39,600.
- Segment revenue: University of Phoenix: $592.85M (-20.41%); Apollo Global: $114.14M (26.31%); Other: $11.06M (-8.80%).
- Segment operating income: University of Phoenix: $93.51M (-49.03%); Apollo Global: -$4.84M; Other: -$28.18M.
- FQ2 Guidance: Net revenue: $580M to $595M; Operating loss: $25M to $35M.
- FY2015 Guidance: Net revenue: $2.74B to $2.80B; Operating income: $250M to $290M.
- APOL -5.84% premarket.
Jul. 14, 2014, 5:37 PM
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."
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