American Public Education(APEI)
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American Public Education(APEI) - 2024 Q2 - Quarterly Report
2024-08-07 04:04
教育业务概况 - 公司拥有四家子公司机构,提供在线和校园制的高等教育以及职业培训[144] - 美国公共大学系统(APUS)为约87,900名成人学习者提供在线高等教育,主要针对军人、军属和公共服务人员[145] - 拉斯穆森大学(RU)为约13,600名学生提供护理和健康科学专业的高等教育,其中约90%的学生就读于预执照护理学位项目[146] - 宏德罗斯护理学院(HCN)为约3,300名学生提供护理教育,所有学生均就读于预执照护理学位项目[147] 学费和费用调整 - 公司旗下机构在2023年和2024年实施了适度的学费和费用上调[150] - 拉斯穆森大学关闭了两个明尼苏达州校区,并计划在2025年和2026年关闭两个威斯康星州校区[151] 监管审查和认证 - 美国公共大学系统通过了高等学习委员会的专项审查,获得了继续参与Title IV联邦助学金计划的批准[153,154] - 拉斯穆森大学的部分护理学位项目在佛罗里达州被监管机构列为"试行状态",如果未来两年内未能达到要求的执照考试通过率,可能会被取消认证[155,156,157,158,159] 财务表现 - 公司2024年第二季度合并收入为1.529亿美元,同比增长3.9%[165] - 公司2024年第二季度净利润为0.4百万美元,上年同期为净亏损51.2百万美元,增加51.6百万美元[165] - APUS分部2024年第二季度净课程注册量增加1,500个,同比增长1.7%[167] - APUS分部2024年第二季度收入增加4.7%,高于净课程注册量增长[167] - RU分部2024年第二季度总入学人数下降2.2%,但收入增加2.0%[168] - HCN分部2024年第二季度总入学人数增加9.4%,收入增加15.0%[168] - 公司在2023年第二季度对RU分部商誉和无形资产计提了6400万美元的非现金减值[176][177] - 公司在2024年第二季度完成了RU和HCN分部商誉和无形资产的定性评估,认为无需进一步减值[175] - 公司收购RU和HCN时分别确认了2.174亿美元和3860万美元的商誉[169] - 公司收购RU和HCN时分别确认了5100万美元和370万美元的无形资产[170] 分部经营情况 - APUS净课程注册量增加1.7%,主要由于军人学生使用美国退伍军人事务部管理的教育福利项目注册增加[181] - APUS分部营业利润率下降2.1个百分点至23.7%,主要由于信息技术成本、员工薪酬成本和广告成本增加[182] - RU总学生人数下降2.2%,主要由于校园学生人数下降8.8%,部分被在线学生人数增加4.2%所抵消[183] - RU分部营业利润率改善10.5个百分点至负15.0%,主要由于折旧和摊销费用以及员工薪酬成本下降[183] - HCN总学生人数增加9.4%,主要由于底特律校区的学生人数增加[184] - HCN分部营业利润率下降2.9个百分点至负4.5%,主要由于员工薪酬成本、教室成本、信息技术成本和坏账费用增加[184] 整体财务表现 - 公司总收入增长3.9%,主要由于APUS、HCN和RU分部收入增加[188] - 公司总成本和费用下降29.1%,主要由于2023年第三季度商誉和无形资产减值计提64.0百万美元[189] - 公司营业利润率由负44.3%改善至1.5%[187] - 公司净利润率由负34.8%改善至0.2%[187] 全年财务数据 - 公司总收入为3.073亿美元,同比增长3.5%[202] - 公司成本和费用为2.999亿美元,同比下降18.4%[203] - 公司营业利润为0.74万美元,上年同期亏损6.527亿美元[219] - 公司净利润为90万美元,上年同期亏损5700万美元[216] - 公司APUS部门收入增长6.9%,HCN部门收入增长19.9%[202] - 公司RU部门收入下降3%,GSUSA部门收入下降14.8%[202] - 公司股票补偿费用为370万美元,同比下降14%[211] - 公司权益投资损失为440万美元[214][215] - 公司所得税费用为120万美元,上年同期获得1660万美元税收抵免[213] - 公司优先股股息为310万美元[217] 分部财务数据 - APUS分部收入增加4.7%至约7700万美元,主要由于2023年第二、三季度和2024年第二季度的净课程注册量增加、学费和费用上涨以及课程开始时间的变化[220] - APUS分部营业利润增加14.9%至4140万美元,主要由于收入增加所致[221] - RU分部收入下降3%至约1.062亿美元,主要由于总学生人数下降3.9%所致[223] - RU分部营业亏损大幅改善,从2023年同期的9.01亿美元下降至1.78亿美元,主要由于2023年第二季度确认的6400万美元商誉和无形资产减值损失[223] - HCN分部收入增加19.9%至约3290万美元,主要由于总学生人数增加14.7%和2023年第二季度调涨学费[225] 现金流和资本支出 - 公司现金及现金等价物增加8.2%至1.562亿美元,主要由于APUS业绩改善和营运资金变动[226] - 公司2022年度合并财务比率被教育部认定为1.1分,处于"区间"状态,需要采取
American Public Education(APEI) - 2024 Q2 - Quarterly Results
2024-08-07 04:01
财务表现 - 第二季度合并收入同比增长3.9%至1.529亿美元[3] - 第二季度调整后EBITDA同比增长24%至1090万美元[5] - 2024年全年收入预计620-630百万美元,同比增长3%至5%[27] - 2024年全年调整后EBITDA预计60-70百万美元,同比增长1%至17%[27] - 公司2024年第二季度收入为152,895美元,同比增长3.9%[44] - 2024年上半年收入为307,327美元,同比增长3.5%[49] - 2024年第二季度调整后EBITDA为10,925美元,同比增长24.4%[55] - 公司预计2024年全年调整后EBITDA在60,000美元至70,000美元之间[56] 业务分部表现 - APUS业务分部2024年上半年收入为157,704美元,同比增长6.9%[52] - 2024年第二季度APUS业务分部利润为18,291美元,同比下降3.4%[47] - 2024年上半年APUS业务分部利润为41,378美元,同比增长14.9%[52] - 2024年第二季度RU业务分部亏损8,826美元,同比亏损收窄88.6%[47] - 2024年上半年RU业务分部亏损17,792美元,同比亏损收窄80.3%[52] 学生人数预测 - 第三季度APUS注册人数预计下降2%至0%[25] - 第三季度Hondros学生人数预计增长10%[25] - 第三季度Rasmussen学生人数预计增长0.1%[25] - 第二季度Rasmussen学生人数同比下降2.2%[20] - 第二季度Hondros学生人数同比增长9.4%[21] - 第二季度APUS注册人数同比增长1.7%[18]
Should Value Investors Buy American Public Education (APEI) Stock?
ZACKS· 2024-08-06 22:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Luckily, Zacks h ...
Rasmussen University Announces New Corporate Alliance with Aspire Health Group
Prnewswire· 2024-08-01 21:15
Alliance aims to support Aspire Health Group employees with advancing their education and help address the nursing shortage in Florida's long-term care facilitiesTAMPA, Fla., Aug. 1, 2024 /PRNewswire/ -- Rasmussen University is pleased to announce a new corporate alliance with Aspire Health Group, a leading long-term healthcare provider in Florida. The alliance is designed to help Aspire Health Group's employees further their education at a more affordable cost—all while they continue working as well as hel ...
American Public Education, Inc. Schedules Second Quarter 2024 Earnings Call Tuesday, August 6, 2024 at 5:00pm ET
Prnewswire· 2024-07-24 04:15
CHARLES TOWN, W.Va. , July 23, 2024 /PRNewswire/ -- American Public Education, Inc. (NASDAQ: APEI), a portfolio of education companies providing online and campus-based postsecondary education and career learning to over 125,000 students through four subsidiary institutions will hold a conference call on Tuesday, August 6, 2024 at 5:00 PM Eastern Time to discuss its financial results for the second quarter 2024 ended June 30, 2024. Financial results will be issued in a press release prior to the call.Date: ...
These 3 Small Caps Boast Big Growth Profiles
ZACKS· 2024-07-19 07:15
Small-cap stocks have roared back following favorable CPI data, helping break months of back-and-forth action. Lower interest rates are better for small-caps, helping explain why recent CPI data, which supports the notion of rate cuts, have them displaying bullish behavior.The idea here is that small-cap companies are in their ‘early’ days, having to borrow more to fuel operations. Many large-cap companies have established themselves over the years, building up balance sheets with ample cash, providing flex ...
American Public Education (APEI) Moves 5.1% Higher: Will This Strength Last?
ZACKS· 2024-07-18 03:17
American Public Education (APEI) shares soared 5.1% in the last trading session to close at $19.44. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.7% gain over the past four weeks.The stock might have got a boost on the expectation of potential interest rate cut in September, per the CME FedWatch tool.This for-profit education company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which repr ...
Rise Bullish Momentum with These 3 Stocks
ZACKS· 2024-07-17 23:15
Momentum investors look to ride bullish trends where buyers are in control. The strategy has been particularly rewarding in 2024 amid the market's strong showing thanks to a resilient economy.And pairing the strategy with the Zacks Rank makes the approach even more potent. Three stocks – CyberArk Software (CYBR) , LendingTree (TREE) , and American Public Education (APEI) – fit the strategy.All three have seen positive price action recently, displaying relative strength compared to major indices. In addition ...
APEI or LINC: Which Is the Better Value Stock Right Now?
ZACKS· 2024-07-17 00:46
Investors looking for stocks in the Schools sector might want to consider either American Public Education (APEI) or Lincoln Educational Services Corporation (LINC) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive esti ...
American Public University System and the Policy Studies Organization to Co-Host Free Virtual Conference on AI and the Future of Education on Aug 1-2
Prnewswire· 2024-07-15 20:30
CHARLES TOWN, W.Va., July 15, 2024 /PRNewswire/ -- American Public University System (APUS) and Policy Studies Organization's (PSO) Journal of Online Research and Practice (JOLRAP) and The International Journal of Open Educational Resources (IJOER) will host a free two-day virtual conference, "AI and the Future of Education: Disruptive Teaching and Learning Models," on August 1-2, 2024. Attendees can register here. Experts from several organizations including Microsoft Education and MIT will share knowledge ...