American Public Education stock hits 52-week high of $21.09

American Public Education , Inc. (NASDAQ:APEI) has reached a new 52-week high, with its stock price climbing to $21.09. According to InvestingPro analysis, the company's financial health is rated as GOOD, with particularly strong price momentum scores. This milestone reflects a significant period of growth for the company, which has seen its stock value soar over the past year. The 1-year total return has exceeded 153%, with a remarkable YTD return of 115%. While InvestingPro data indicates the stock may be overbought, the company maintains healthy fundamentals with a current ratio of 2.65 and moderate debt levels. For deeper insights into APEI's valuation and growth prospects, investors can access 12+ additional ProTips and comprehensive analysis through InvestingPro's detailed research reports. This surge to a 52-week high underscores the company's success in navigating the challenges and opportunities within the industry, supported by a solid gross profit margin of 52% and expected net income growth this year.

In other recent news, American Public Education Inc. (APEI) reported steady growth in its third quarter earnings for 2024. The company's revenue saw a 1.5% increase year-over-year, reaching $153 million, marking its fourth consecutive quarter of growth. Net income reached $731,000, or $0.04 per diluted share, and adjusted EBITDA for the quarter exceeded guidance at $12.9 million.

Rasmussen University and Hondros College, both operated by APEI, saw enrollment increases of 4% and 19% respectively. The company's strategic focus on nursing and healthcare programs led to significant enrollment growth, particularly in online programs. Full-year 2024 guidance projects revenue between $620 million to $625 million and adjusted EBITDA from $64 million to $67 million.

Looking ahead, APEI anticipates a 3% to 4% increase in full-year revenue for 2024 compared to 2023, with adjusted EBITDA expected to grow by 7% to 12% from 2023. The company also forecasts strong enrollment growth, especially in online programs. These recent developments underline APEI's commitment to enhancing value for students and stakeholders.

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