We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
American Public Education (APEI) Beats Q4 Earnings Estimates
Read MoreHide Full Article
American Public Education, Inc. (APEI - Free Report) reported fourth-quarter 2017 earnings per share of 51 cents, beating the Zacks Consensus Estimate of 33 cents by 54.5%. Adjusted earnings in the year-ago quarter were 42 cents.
Revenues and Enrollment
Total revenues of $78.1 million surpassed the Zacks Consensus Estimate of $76.3 million by 2.4%. However, revenues fell 1% year over year, thanks to lower contribution from American Public University System.
The company operates through two segments — American Public Education Segment or APEI and Hondros College, Nursing Programs (“HCN”).
APEI primarily includes operations of American Military University and American Public University. Together, they are referred to as American Public University System (“APUS”).
Revenues declined 4.5% to $67.9 million from $71.1 million in the prior-year quarter due to a fall in net course registrations.
During the quarter, total net course registration at APUS declined 3% year over year, while net course registrations by new students fell 4% during the period.
In the fourth quarter of 2017, net course registrations by none of the students using Federal Student Aid (FSA) were better than anticipated.
Net course registrations by new students utilizing military tuition assistance or TA were flat year-over-year. Veteran benefits or VA increased 7% year over year.
Hondros College of Nursing revenues rose 34.7% to $10.2 million from the prior-year quarter owing to higher new enrollments.
Total enrollment at the Hondros College Nursing Programs increased 23% year over year to 2,110 students, while new student enrollment rose 29% year over year.
American Public Education, Inc. Price, Consensus and EPS Surprise
Income from operations before interest income and income taxes was $12.6 million, compared with $11.3 million in the prior-year quarter.
Total costs and expenses fell 2.8% year over year to $65.5 million in the quarter.
Financials
As of Dec 31, 2017, total cash and cash equivalents were approximately $179.2 million, compared with $146.4 million as of Dec 31, 2016. Capital expenditures were approximately $10.9 million in 2017, down from $13.8 million a year ago.
First-Quarter 2017 Guidance
Total revenues are projected in the range of down 3% to up 1% year over year.
The company expects earnings in the range of 29-34 cents per share.
At APUS, net course registrations by new students are expected to decline 9-12% on a year-over-year basis. Net course registrations are likely to fall 3-5%.
Adtalem Global Education Inc. (ATGE - Free Report) reported second-quarter fiscal 2018 results with earnings surpassing the Zacks Consensus Estimate, while revenues missing the same. Earnings and revenues increased 18.8% and 1%, respectively. Revenues increased across all operating segments except U.S. Traditional Postsecondary segment.
Upcoming Peer Releases
Strayer Education (STRA - Free Report) is expected to report fourth-quarter 2017 results on Mar 2. The Zacks Consensus Estimate for earnings is pegged at $1.28, up 34.7% year over year.
Capella Education is scheduled to report fourth-quarter 2017 results on Mar 1. The Zacks Consensus Estimate for earnings is pegged at 1 cent, up 3.1% year over year.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
American Public Education (APEI) Beats Q4 Earnings Estimates
American Public Education, Inc. (APEI - Free Report) reported fourth-quarter 2017 earnings per share of 51 cents, beating the Zacks Consensus Estimate of 33 cents by 54.5%. Adjusted earnings in the year-ago quarter were 42 cents.
Revenues and Enrollment
Total revenues of $78.1 million surpassed the Zacks Consensus Estimate of $76.3 million by 2.4%. However, revenues fell 1% year over year, thanks to lower contribution from American Public University System.
The company operates through two segments — American Public Education Segment or APEI and Hondros College, Nursing Programs (“HCN”).
APEI primarily includes operations of American Military University and American Public University. Together, they are referred to as American Public University System (“APUS”).
Revenues declined 4.5% to $67.9 million from $71.1 million in the prior-year quarter due to a fall in net course registrations.
During the quarter, total net course registration at APUS declined 3% year over year, while net course registrations by new students fell 4% during the period.
In the fourth quarter of 2017, net course registrations by none of the students using Federal Student Aid (FSA) were better than anticipated.
Net course registrations by new students utilizing military tuition assistance or TA were flat year-over-year. Veteran benefits or VA increased 7% year over year.
Hondros College of Nursing revenues rose 34.7% to $10.2 million from the prior-year quarter owing to higher new enrollments.
Total enrollment at the Hondros College Nursing Programs increased 23% year over year to 2,110 students, while new student enrollment rose 29% year over year.
American Public Education, Inc. Price, Consensus and EPS Surprise
American Public Education, Inc. Price, Consensus and EPS Surprise | American Public Education, Inc. Quote
Inside the Headline Numbers
Income from operations before interest income and income taxes was $12.6 million, compared with $11.3 million in the prior-year quarter.
Total costs and expenses fell 2.8% year over year to $65.5 million in the quarter.
Financials
As of Dec 31, 2017, total cash and cash equivalents were approximately $179.2 million, compared with $146.4 million as of Dec 31, 2016. Capital expenditures were approximately $10.9 million in 2017, down from $13.8 million a year ago.
First-Quarter 2017 Guidance
Total revenues are projected in the range of down 3% to up 1% year over year.
The company expects earnings in the range of 29-34 cents per share.
At APUS, net course registrations by new students are expected to decline 9-12% on a year-over-year basis. Net course registrations are likely to fall 3-5%.
Zacks Rank
American Public Education carries a Zacks Rank #3 (Hold). You can the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Peer Release
Adtalem Global Education Inc. (ATGE - Free Report) reported second-quarter fiscal 2018 results with earnings surpassing the Zacks Consensus Estimate, while revenues missing the same. Earnings and revenues increased 18.8% and 1%, respectively. Revenues increased across all operating segments except U.S. Traditional Postsecondary segment.
Upcoming Peer Releases
Strayer Education (STRA - Free Report) is expected to report fourth-quarter 2017 results on Mar 2. The Zacks Consensus Estimate for earnings is pegged at $1.28, up 34.7% year over year.
Capella Education is scheduled to report fourth-quarter 2017 results on Mar 1. The Zacks Consensus Estimate for earnings is pegged at 1 cent, up 3.1% year over year.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>