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.
Nuno Fernandes has officially become the fifth president of American Public University System (APUS) as of September 1, 2022. He aims to enhance the institution's mission of providing affordable and accessible higher education to adult learners. With a strong history at Ilumno, Latin America's largest online program manager, Fernandes improved student retention and satisfaction. Under his leadership, APUS, which serves approximately 86,600 adult learners and offers over 200 programs, looks forward to expanding its online education reach.
Graduate School USA will feature Phyllis Fong, Inspector General of the USDA, on the August 29 broadcast of The Search for Accountability at 2:00 p.m. ET. The discussion, hosted by Michael Binder, will focus on accountability in food safety, agricultural research, and rural development. Fong has served as the USDA IG since December 2002, overseeing audits and investigations to ensure governmental integrity. The program airs on Federal News Network, part of a collaboration aimed at enhancing government accountability.
On August 19, 2022, Christi A. Grimm, Inspector General of HHS, will be the guest on 'The Search for Accountability' broadcast on Federal News Network, discussing healthcare oversight challenges. The program, hosted by Michael Binder, aims to explore accountability in HHS amidst COVID-19. Grimm brings two decades of experience in health program oversight and aims to enhance public trust in government operations. Graduate School USA, a subsidiary of American Public Education, Inc. (APEI), partners in this initiative, which provides training for federal workforce professionals.
American Public Education reported a significant 92% revenue increase year-over-year to $149.6 million for Q2 2022. The company recorded a net loss of $110 million, primarily due to a non-cash impairment charge of $144.9 million related to its Rasmussen University segment. Adjusted EBITDA grew by 47% to $14.5 million. As of June 30, 2022, total cash and cash equivalents were approximately $184.5 million, up 23.3% from the previous year. Student enrollment trends showed a slight decline in Rasmussen University but modest increases in other segments.
American Public University System (APUS) announces the appointment of Nuno Fernandes as its new president, effective September 1, 2022. Fernandes, previously President and CEO of Latin America's largest online program manager, Ilumno, has a strong track record in improving student outcomes and expanding access to education. He aims to enhance APUS's value proposition and growth in the U.S. market. The announcement follows the tenure of Acting President Dr. Kate Zatz, who served since November 2021.
American Public Education, Inc. (Nasdaq: APEI) has appointed Craig MacGibbon as its new Executive Vice President and Chief Information Officer effective immediately. MacGibbon, with nearly 30 years of experience in technology management, previously held the role of delegate Chief Technology Officer at APEI. He is tasked with leading key IT initiatives across various educational units including American Public University System and Rasmussen University. CEO Angela Selden expressed confidence in MacGibbon's ability to drive growth and transformation.
American Public Education, Inc. (NASDAQ: APEI) will announce its second quarter 2022 results on August 9, 2022, after U.S. markets close. A live webcast of the earnings call is scheduled for 5:00 p.m. Eastern on the same day, available through the company's investor relations webpage. A replay will be accessible approximately two hours post-call for six months. The company is known for its focus on career-centered education, notably serving military and veteran students through institutions like American Public University System and Rasmussen University.
American Public University System's Executive Director of the Center for Cyber Defense, Dr. Kenneth L. Williams, has been appointed to The Cyber AB's Academic Advisory Council. This council comprises experts from various academic institutions within the Cybersecurity Maturity Model Certification (CMMC) ecosystem. Dr. Williams, who also serves as Interim Department Chair for Cybersecurity and is a U.S. Army veteran, aims to enhance digital risk management for the Department of Defense. This appointment follows APUS's recent partnership with U.S. Cyber Command to strengthen national cyber defense.
American Public University System (APUS) has appointed retired U.S. Marine Corps Lieutenant General Lori E. Reynolds to its Board of Trustees. Reynolds brings over 35 years of leadership experience, including her role as Deputy Commandant of the Marine Corps for Information. She aims to enhance APUS's mission to provide accessible online education to diverse learners, particularly military and veteran students. Reynolds has held significant positions globally and possesses advanced degrees in National Security Policy Studies, contributing valuable insights to the Board.
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?
