Welcome to our dedicated page for American Public Education news (Ticker: APEI), a resource for investors and traders seeking the latest updates and insights on American Public Education stock.
American Public Education, Inc. (NASDAQ: APEI) is a leading provider of higher education services committed to transforming lives by preparing students for excellence in service, leadership, and achievement. Through its wholly owned subsidiaries, APEI offers respected, career-relevant, and affordable academic programs and services to a diverse range of students worldwide. The company operates under several key institutions, including the American Public University System (APUS), which encompasses the American Public University (APU) and the American Military University (AMU), as well as the National Education Seminars, Inc., known as Hondros College of Nursing.
APEI offers nearly 100 degree programs in fields that range from homeland security, military studies, intelligence, and criminal justice to technology, business administration, public health, nursing, and liberal arts. The American Public University System is a pioneer in online education, with over 137,000 alumni from more than 100 countries, and is expanding its reach globally to integrate emerging technologies, such as AI-powered classrooms and personalized digital services, to enhance teaching and learning experiences.
Rasmussen University, another key entity under APEI, is a 120-year-old institution focused on nursing and health sciences, serving approximately 13,500 students across its 22 campuses in six states and online. It offers a full range of nursing education from Practical Nursing to Doctor of Nursing Practice (DNP). Rasmussen University has introduced new grants and tuition reimbursement programs in collaboration with organizations like GuideWell and Saber Healthcare Group to support workforce development and higher education affordability.
The Hondros College of Nursing provides pre-licensure nursing education at eight campuses across Ohio, Indiana, and Michigan, making it the largest educator of PN (LPN) nurses in Ohio. It is expanding its program offerings, such as the new Medical Assisting program, to meet the growing demand for healthcare professionals.
APEI’s financial condition remains robust, with a strong liquidity position and consistent revenue growth. In the first quarter of 2024, APEI reported consolidated revenues of $154.4 million, marking a year-over-year increase of 3.2%. The company’s financial stability is further confirmed by its recognition as one of the world’s top EdTech companies by TIME Magazine and Statista Inc.
Overall, APEI's commitment to innovation in education, strong partnerships, and emphasis on affordability and accessibility positions it as a significant player in the higher education sector, continually striving to meet the evolving needs of students, communities, and industries.
American Public University System (APUS) has partnered with Wreaths Across America (WAA) to honor veterans by sponsoring over 600 wreaths at Edge Hill Cemetery in Charles Town, West Virginia, doubling their initial goal of 300 wreaths. The event will take place on December 14, 2024, as part of National Wreaths Across America Day.
APUS, which includes American Military University and American Public University, has supported WAA since 2011. The initiative allows the public to participate by sponsoring wreaths at $17 each, volunteering at ceremonies, or helping educate others about veterans' sacrifices. The program extends to over 4,700 participating locations nationwide.
Rasmussen University demonstrates its year-round commitment to community service through various initiatives. During their Rasmussen Gives Back week in October, employees contributed nearly 900 volunteer hours partnering with organizations like Feed My Starving Children and Second Harvest Food Bank. The university's dedication was exemplified by Admissions Advisor Rhonda Milbrett, who delivered over 5,000 pounds of supplies to hurricane victims in North Carolina.
In 2024, the university's Mission and Service Council launched a literacy initiative through the LEARN or DO model, addressing children's, digital, and financial literacy through partnerships with local organizations. Activities included book drives, digital literacy workshops, and financial education webinars, reinforcing Rasmussen's commitment to community enrichment and public service.
Rasmussen University has appointed Dr. Carrie Daninhirsch as Provost, where she will lead all eight study areas and central academic teams. President Paula Singer will focus solely on her presidential role, stepping down as Chief Academic Officer. Dr. Daninhirsch, who joined Rasmussen in 2006, brings nearly two decades of higher education experience and has held various leadership positions including Online Dean, Dean of Students, and Vice President of Learning and Teaching. She holds an Ed.D. in Leadership and Higher Education from the American College of Education and will focus on advancing academic excellence, student success, and innovative teaching practices across the university's 20 campuses.
American Public Education (APEI) reported Q3 2024 financial results with consolidated revenue increasing 1.5% year-over-year to $153.1 million. The company achieved net income of $731,000 ($0.04 per diluted share), compared to a net loss of $4.9 million in Q3 2023. Adjusted EBITDA was $12.9 million versus $18.1 million in the prior year. Notably, Rasmussen University showed its first positive year-over-year enrollment comparison since acquisition, with Q4 enrollments up 3.5%. The company narrowed its full-year guidance to revenue of $620-625 million and adjusted EBITDA of $64-67 million.
Rasmussen University's Professional Nursing Associate's Degree in Nursing (ADN/RN) program at the Romeoville/Joliet campus and its off-campus sites in Aurora/Naperville, Mokena/Tinley Park, and Rockford has received initial accreditation from the Accreditation Commission for Education in Nursing (ACEN). The program offers a hybrid format combining classroom learning, lab simulation, and clinical experience, preparing students to become registered nurses in as few as 18 months. The accreditation validates that the program meets national nursing education standards and prepares graduates for the NCLEX-RN exam.
American Public Education (NASDAQ: APEI) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Monday, November 4, 2024, at 5:00 PM Eastern Time. The company, which serves over 125,000 students through four subsidiary institutions offering online and campus-based postsecondary education, will release its financial results for the quarter ended September 30, 2024, prior to the call. A webcast will be available, and a replay of the conference call can be accessed through November 18, 2024.
American Public Education (NASDAQ: APEI) has issued a correction to its previously announced third quarter 2024 earnings call schedule. The call will now take place on Tuesday, November 12, 2024, at 5:00 PM Eastern Time, not Monday, November 4 as initially stated.
The company, which serves over 125,000 students through four subsidiary institutions, will discuss financial results for Q3 2024 ended September 30. Financial results will be released before the call. A webcast link will be available, and participants are advised to join 5-10 minutes early. A replay will be accessible through November 18, 2024.
American Public University System (APUS) and Saber Healthcare Group, have announced a TuitionWise partnership that allows Saber's affiliated employees to earn degrees and certificates using APUS' newly launched TuitionWise Grant. This program enables employees to pursue education with no out-of-pocket tuition costs by combining the company's tuition assistance with an APUS partner grant.
The TuitionWise program is designed to help companies recruit, retain, and upskill employees through meaningful education benefits. APUS offers over 200 programs, including various health sciences courses, which are delivered through an online, asynchronous model with monthly class starts. The partnership aims to support Saber's mission of professional development and employee growth across its 130+ skilled nursing and assisted living facilities in six states.
Rasmussen University and American Public University (APU) are co-hosting a National Virtual Career Fair on October 16, 2024, from 10 a.m. to 2 p.m. CST. This free event, open to the public, will connect job seekers with over 40 leading employers across various industries, including healthcare, technology, business, and government sectors.
The virtual format allows participants to attend from anywhere, offering opportunities to apply for jobs directly, chat live with recruiters, and share resumes. A preparatory webinar will be held on October 9 to guide participants on navigating the platform and engaging with recruiters effectively.
This initiative aims to address current workforce challenges and provide valuable connections in high-growth fields. Both institutions offer comprehensive career services to support students and alumni in their professional development.
Rasmussen University has announced a new corporate alliance with ChildCare Education Institute (CCEI), aiming to support early childhood educators in advancing their education and addressing the growing need for professionals in the field. The collaboration offers qualified CCEI students the opportunity to apply their existing knowledge towards Rasmussen's Early Childhood Education (ECE) programs.
Key benefits include:
- Earning an ECE Associate's degree for as low as $10,000
- Up to 30 credits through self-directed assessments
- Up to 12 credits waived for CDA® credential holders
- Tuition grant opportunities for ECE Bachelor's degree programs
This alliance addresses the projected 15% growth in early childhood education jobs from 2022 to 2032, as reported by the Bureau of Labor Statistics. It aims to provide accessible and affordable pathways for aspiring educators while strengthening the field with advanced education opportunities.
FAQ
What is the current stock price of American Public Education (APEI)?
What is the market cap of American Public Education (APEI)?
What institutions are operated by American Public Education, Inc.?
What types of programs does APEI offer?
How is APEI expanding its reach in higher education?
What recent achievements has Rasmussen University made?
How is Hondros College of Nursing meeting the demand for healthcare professionals?
What financial performance did APEI report in the first quarter of 2024?
What recognition has APEI received for its educational offerings?
What is the mission of American Public Education, Inc.?
How does APEI support military and veteran students?
What partnerships has APEI established to support workforce development?
