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.
Rasmussen University, part of American Public Education, Inc. (NASDAQ: APEI), has appointed Paula Singer as acting president and board member, effective immediately. Ms. Singer succeeds Javier Miyares, who served for 11 months. With extensive experience in higher education, Ms. Singer aims to enhance educational access and outcomes, particularly for underserved populations. The university serves over 14,000 students across 22 campuses and online, focusing on career-oriented programs, especially in nursing, with more than half of students enrolled in pre-licensure nursing programs. Ms. Singer expresses excitement about her new role and commitment to innovation in education.
American Public Education, Inc. (Nasdaq: APEI) issued a correction to its first quarter 2023 revenue guidance due to a clerical error. The updated revenue range is now $148.1 million to $150.1 million, down from $155.1 million to $157.1 million. Despite this adjustment, APEI anticipates exceeding the high end of its Adjusted EBITDA guidance of $2.4 million to $4.1 million.
The company will report its first quarter results on May 9, 2023, and the earnings conference call will be held at 5:00 p.m. Eastern on the same day. The preliminary outlook remains subject to final closing procedures, and adjustments may occur.
Rasmussen University has reopened its North Orlando campus after extensive renovations that increased academic space by nearly 50%. This marks the first time students have returned since Hurricane Ian in September 2022. The renovations included updates to existing Nursing Skills Labs and the addition of a high-tech Nursing Simulation Center, featuring four simulation rooms, control rooms, and nursing charting stations. These improvements aim to address the growing need for healthcare professionals in the region and enhance educational facilities for students. The campus, which opened in 2018, offers over 50 career-focused programs.
Rasmussen University celebrates its 10th anniversary in Topeka with the grand opening of a new campus on April 19, 2023. The relocated facility features advanced educational resources, including a state-of-the-art Nursing Skills laboratory and Simulation Center for students pursuing the Associate Degree in Nursing and Bachelor of Science in Nursing. This campus aims to reinforce the university's commitment to workforce development within the community, easily accessible from surrounding areas. The event includes local officials and a ribbon-cutting ceremony.
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?
