Key Developments For American Public Education, Inc.
American Public Education, Inc. (APEI.O) (Nasdaq)
American Public Education, Inc. Issues Q4 2009 Guidance; Updates FY 2009 Guidance
American Public Education, Inc. announced that for fourth quarter of 2009, it expects revenue to be approximately $42.7 million, net income, including stock-based compensation expense, to be approximately $7.9 million or approximately $0.42 per fully diluted share. For fiscal 2009, it expects revenues to be approximately $148.0 million and net income, including stock-based compensation expense, to be approximately $23.5 million or approximately $1.24 per fully diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenues of $44.03 million, net income of $7.8 million and EPS of $0.41 for fourth quarter of 2009; revenues of $148.9 million, net income of $23.6 million and EPS of $1.24 for fiscal 2009.
American Public Education, Inc. Issues Q3 2009 Guidance Below Analysts' Estimates; Lowers Upper End Of Prior FY 2009 Revenue Guidance; Raises Lower End Of Prior FY 2009 Earnings Guidance
American Public Education, Inc. announced that for the third quarter 2009, it expects revenue to be between $35.0-$36.0 million and net income, including stock-based compensation expense, between $4.8-$5.2 million or between $0.25-$0.27 per diluted share. For fiscal 2009, the Company expects revenues to be between $147-$150 million and net income, including stock-based compensation expense, between $23.0-$23.9 million or between $1.20-$1.26 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $38.3 million, net profit of $5.9 million and EPS of $0.31 for the third quarter 2009; revenue of $150 million, net profit of $23.7 million and EPS of $1.24 for fiscal 2009.
American Public Education, Inc. Issues Q2 2009 Guidance In Line With Analysts' Estimates; Raises FY 2009 Guidance
American Public Education, Inc. announced that for second quarter of 2009, it expects revenue to be in the range of $33.8-$35.0 million, net income, including stock-based compensation expense, to be in the range of $4.8-$5.2 million or $0.25-$0.27 per diluted share (EPS). For fiscal 2009, it expects revenue to be in the range of $147-$151 million, net income, including stock-based compensation expense, to be in the range of $22.9-$23.9 million or $1.19-$1.26 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $35.0 million, net income of $5.0 million and EPS of $0.26 for second quarter of 2009; revenue of $151 million, net income of $23.0 million and EPS of $1.21 for the fiscal 2009.
American Public Education, Inc. Issues Q1, FY 2009 Guidance; Revenue Guidance Below Analysts' Estimates
American Public Education, Inc. announced that for first quarter of 2009, it expects revenues of to be between $31.8-$32.5 million, net income, including stock-based compensation expense, to be between $4.6-$4.8 million or between $0.24 and $0.26 per diluted share. For fiscal 2009, it expects revenues to be between $146-$150 million, net income, including stock-based compensation expense, to be between $22.2-$22.8 million or between $1.16 and $1.20 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenues of $33.6 million, net profit of $4.8 million and EPS of $0.25 for first quarter of 2009; revenues of $151 million, net profit of $22.8 million and EPS of $1.19 for fiscal 2009.
American Public Education, Inc. Announces Closing Of Public Offering Of Common Stock
American Public Education, Inc. announced the closing of its public offering of shares of its common stock at $37.50 per share (before the underwriting discount). The 4,227,952 shares sold in the offering consist of 15,000 shares that were sold by the Company and 4,212,952 shares that were sold by ABS Capital Partners and its affiliated funds. The Company is using the proceeds it received primarily to pay the estimated offering expenses. Any remaining proceeds to the Company will be used for working capital and other general corporate purposes. The Company did not receive any of the proceeds from the sale of common stock by ABS Capital Partners and its affiliated funds. The sale of 4,212,952 shares by ABS Capital Partners and its affiliated funds includes the exercise in full of the underwriters’ option to purchase up to an additional 421,295 shares at the public offering price to cover over-allotments. William Blair & Company, L.L.C. acted as sole book-running lead manager, Piper Jaffray & Co. acted as co-lead manager, and Stifel, Nicolaus & Company, Incorporated, BMO Capital Markets Corp., Signal Hill Capital Group LLC, ThinkEquity LLC, Barrington Research Associates, Inc. and First Analysis Securities Corporation acted as co-managers for this offering.
