LONDON, April 20, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free earnings review on Apollo Education Group Inc. (NASDAQ: APOL). On March 25, 2015, the company reported its financial results for Q2 FY15 and H1 FY15 (period ended February 28, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Apollo%20Education&d=20-Apr-2015&s=APOL to read our free earnings review on Apollo Education Group Inc. (Apollo Education). During Q2 FY15 and H1 FY15, the company reported net revenue of $578.57 million and $1.30 billion, respectively. Our free coverage report can be accessed at:
During Q2 FY15, Apollo Education's net revenue declined by $94.18 million from $672.75 million in Q2 FY14. The company's net revenue for Q2 FY15 missed Bloomberg analysts' forecasts of $584.56 million. In the reported quarter, Apollo Education's University of Phoenix's revenues were $487.77 million compared to $594.08 million in Q2 FY14. Further, Apollo Global's revenues increased $81.10 million in Q2 FY15 from $68.63 million reported in Q2 FY14.
In Q2 FY15, University of Phoenix New Degreed Enrollment was 28,300 compared to 32,500 in Q2 FY14. Moreover, Degreed Enrollment was 213,800 in Q2 FY15 versus 250,300 in Q2 FY14. Free research on APOL can be downloaded in PDF format at:
For Q2 FY15, Apollo Education's operating loss came in at $54.53 million compared to operating income of $10.30 million in Q2 FY14. Net loss attributable to Apollo Education for Q2 FY15 was $33.61 million, or $0.31 loss per diluted share, compared to net income attributable to Apollo Education of $14.61 million, or $0.13 per diluted share, in Q2 FY14. Analysts from Bloomberg had expected net loss attributable to Apollo Education of $19.86 million, or $0.18 loss per diluted share, in Q2 FY15.
The CEO of Apollo Education, Gregory W. Cappelli, stated that while the company faced challenges in Q2 FY15, it believes that it has the right long-term strategy in place. In a time of unprecedented change in the higher education industry, the company is focused on enhancing outcomes through a deep understanding of student and employer needs, he said. This includes differentiating University of Phoenix through its program-based colleges and diversifying its organization with the expansion of Apollo Global and other targeted growth initiatives, he further added.
In H1 FY15, Apollo Education's net revenue decreased by $223.28 million from $1.52 billion in H1 FY14. During H1 FY15, University of Phoenix reported revenues of $ 1.08 billion compared to $ 1.34 billion in H1 FY14. Furthermore, Apollo Global's revenues grew to $196.24 million in H1 FY15 from $159.79 million in H1 FY14. Sign up and read the free analyst's notes on APOL at:
For H1 FY15, Apollo Education's operating income was $5.97 million compared to $180.66 million in H1 FY14. Further, net income attributable to Apollo Education for H1 FY15 came in at $175,000, or $0.00 per diluted share, compared to $113.50 million, or $1.00 per diluted share, in H1 FY14.
During H1 FY15, Apollo Education reported net cash flows from operations of $55.11 million compared to $193.48 million in H1 FY14. As of February 28, 2015, Apollo Education's unrestricted cash and cash equivalents and short-term marketable securities totaled $759.8 million. In H1 FY15, the company repurchased shares worth $38.7 million (which includes $2.2 million of share repurchases for tax withholding requirements on restricted stock units).
In its full-year FY15 guidance, Apollo Education anticipates net revenue to be in the range of $2.63 billion and $2.68 billion with operating income (excluding the impact of special items) in the range of $200 million to $230 million. Further, for Q3 FY15, the company expects net revenue to be in the range of $690 million to $705 million and operating income (excluding the impact of special items) between $85 million and $95 million. Visit Investor-Edge and access the latest research on APOL at:
On the day of the earnings release, March 25, 2015, Apollo Education's stock plummeted 28.40% to end the session at $20.04. Since then, the stock has mostly witnessed a negative momentum. However, on the last close, Friday, April 17, 2015, the company's shares finished 1.25% higher at $17.82. A total of 3.14 million shares were traded which was above their three months average volume of 1.77 million shares. Over the last one month and over the past three months, the company's shares have plummeted 35.71% and 30.42%, respectively. Shares in Apollo Education are trading below their 50-day and 200-day moving averages of $23.97 and $27.29, respectively. Furthermore, the stock traded at a PE ratio of 12.19.
Sneak Peek to Corporate Insider Trading
In the last one month, there were 2 corporate insider transactions done by 2 individuals. Between April 01, 2015 and April 13, 2015, a total of 20,800 shares were disposed at an average price of $16.77 per share and for a total value of $348,782. On April 01, 2015, Frederick J. Newton, Senior Vice President, Chief Human Resources Officer at Apollo Education, sold 1,000 shares at an average price of $18.32 per share; and on April 13, 2015, Gregory W. Cappelli disposed 19,800 shares at an average price of $16.69 per share. Complimentary in-depth research on APOL is available at:
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.