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American Public Education, Inc. - APEI STOCK NEWS

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.

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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.

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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.

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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.

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Thirteen master's degree students from American Military University (AMU) have been named Presidential Management Fellowship (PMF) Finalists for 2023, marking a significant achievement for the American Public University System (APUS). Since 2011, over 75 APUS students and alumni have reached this prestigious status. The PMF Program, aimed at developing future government leaders, selected 850 finalists from over 10,000 applicants globally. Each finalist will receive valuable mentoring and coaching support through APUS Career Services, enhancing their professional development.

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Rasmussen University announced the Medical Assisting Wellness Grant on March 21, 2023, aimed at addressing the increasing demand for medical assistants in the U.S. The grant offers up to $2,250 in tuition assistance, helping students save approximately 16% on tuition costs. The program is available for new students enrolling in the Medical Assisting Diploma program starting in April, May, or July 2023. The Bureau of Labor Statistics projects a 16% growth in medical assistant employment by 2031, with around 123,000 annual job openings expected.

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American Public Education, Inc. (Nasdaq: APEI) has appointed Michael D. Braner, a Managing Partner of 325 Capital, to its Board of Directors, effective March 28, 2023. Braner brings extensive investment experience and is an existing shareholder with a 4.9% stake in APEI. His addition is expected to enhance the company's long-term value creation. Both APEI's management and Braner expressed enthusiasm for this collaboration, aiming to improve shareholder value. The appointment follows a Cooperation Agreement between APEI and 325 Capital, which includes a standstill provision.

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American Public Education reported financial results for Q4 2022, revealing a 1.0% decrease in consolidated revenue to $152.4 million. Notably, the net loss available to common stockholders was $6.6 million, a stark decline from the $9.4 million net income in Q4 2021. Adjusted EBITDA fell 48% year-over-year to $15.4 million. Unrestricted cash and equivalents totaled $102.6 million, marking a $20 million decrease from the previous year. The report highlights a 9% drop in total enrollment at Rasmussen University, although American Public University System saw a 1% increase in net course registrations.

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American Public Education, Inc. (NASDAQ: APEI) will announce its fourth quarter and full year 2022 financial results on March 14, 2023, following the closure of U.S. markets. A live earnings conference call will be held at 5:00 p.m. Eastern on the same day, accessible via the company's investor relations website. A replay will be available two hours after the call and can be accessed for six months. APEI provides education through institutions such as American Public University System and Rasmussen University, serving approximately 88,000 adult learners worldwide.

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The American Public University System (APUS) has received specialized accreditation for its Bachelor's and Master's programs in Sports Management from the Commission on Sport Management Accreditation (COSMA). This recognition places APUS among 35 universities worldwide and validates its commitment to high-quality sports education until February 2030. Dr. Brittany Jacobs, Chair of the Sports Management & Esports Department, emphasized that this accreditation prepares students to impact the sports industry significantly. COSMA's accreditation is vital for promoting excellence in sport management education.

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Rasmussen University appointed John Lock as its new President, set to start on April 17. With extensive experience in healthcare and education, Lock aims to enhance career-focused programs, especially in nursing. He previously held roles at MedStar Health and Kaplan, Inc., leading significant transformations. The University, noted for its commitment to underserved populations, educates over 17,000 students across 22 campuses and offers a range of healthcare education programs. The Board thanked Acting President Javier Miyares for his leadership during the transition.

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FAQ

What is the current stock price of American Public Education (APEI)?

The current stock price of American Public Education (APEI) is $20.99 as of December 20, 2024.

What is the market cap of American Public Education (APEI)?

The market cap of American Public Education (APEI) is approximately 372.5M.

What institutions are operated by American Public Education, Inc.?

APEI operates the American Public University System (APUS), which includes American Public University (APU) and American Military University (AMU), as well as Rasmussen University and Hondros College of Nursing.

What types of programs does APEI offer?

APEI offers nearly 100 degree programs in various fields, including homeland security, military studies, intelligence, criminal justice, technology, business administration, public health, nursing, and liberal arts.

How is APEI expanding its reach in higher education?

APEI is integrating emerging technologies like AI-powered classrooms and personalized digital services to enhance teaching and learning experiences. It is also expanding global outreach through its online education model.

What recent achievements has Rasmussen University made?

Rasmussen University has launched new grants and tuition reimbursement programs in collaboration with organizations like GuideWell and Saber Healthcare Group and expanded its Bachelor of Science in Nursing (BSN) program to additional campuses.

How is Hondros College of Nursing meeting the demand for healthcare professionals?

Hondros College of Nursing is expanding its program offerings, such as the new Medical Assisting program, to meet the growing need for healthcare professionals. It focuses on pre-licensure nursing education across multiple campuses.

What financial performance did APEI report in the first quarter of 2024?

APEI reported consolidated revenues of $154.4 million in the first quarter of 2024, a 3.2% year-over-year increase, reflecting consistent revenue growth and a strong liquidity position.

What recognition has APEI received for its educational offerings?

APEI has been named one of the world’s top EdTech companies by TIME Magazine and Statista Inc., highlighting its commitment to academic excellence and technological innovation in education.

What is the mission of American Public Education, Inc.?

APEI is committed to transforming lives, advancing careers, and improving communities through its accessible, affordable, and innovative educational programs and services.

How does APEI support military and veteran students?

APEI, through its institutions like American Military University and American Public University, is the leading educator to active-duty military and veteran students, providing accessible and affordable higher education tailored to their needs.

What partnerships has APEI established to support workforce development?

APEI has established partnerships with organizations like GuideWell and Saber Healthcare Group, offering grants and tuition reimbursement programs to support workforce development and higher education affordability.

American Public Education, Inc.

Nasdaq:APEI

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APEI Stock Data

372.48M
17.03M
3.86%
93.84%
4.2%
Education & Training Services
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United States of America
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