American Public Education (APEI) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.64 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.50. The company posted revenue of $83.97 million in the period, compared to analysts expectations of $82.40 million. The company’s revenue was down -1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
American Public Education opened for trading at $22.46 and hit $23.61 on the upside on Friday, eventually ending the session at $23.49, with a gain of 4.87% or 1.09 points. The heightened volatility saw the trading volume jump to 1,48,054 shares. Company has a market cap of $377 M.
In a different news, on May 4, 2016, Timothy J Landon (director) sold 200 shares at $23.41 per share price. According to the SEC, on Dec 18, 2015, Harry T Wilkins (EVP, Chief Development Officer) sold 250 shares at $20.53 per share price. On Dec 7, 2015, Carol S Gilbert (EVP, Programs and Marketing) sold 1,000 shares at $22.98 per share price, according to the Form-4 filing with the securities and exchange commission.
American Public Education Inc. is a provider of online and on-campus post-secondary education. The Company operates through two subsidiary institutions: American Public University System Inc. (APUS) and National Education Seminars Inc. also referred as Hondros College of Nursing (HCON). The Company’s operations are organized into two segments: American Public Education Segment (APEI Segment) which includes operational activities of APUS other corporate activities and minority investments and Hondros College of Nursing Segment (HCON Segment) which includes operational activities of HCON. APUS provides online post-secondary education to the military and public safety communities. HCON provides nursing education to students at four campuses in the State of Ohio as well as online to serve the needs of the nursing and healthcare community.