American Public Stock Price, News & Analysis

Rasmussen University, part of American Public Education, Inc. (NASDAQ: APEI), has appointed Paula Singer as acting president and board member, effective immediately. Ms. Singer succeeds Javier Miyares, who served for 11 months. With extensive experience in higher education, Ms. Singer aims to enhance educational access and outcomes, particularly for underserved populations. The university serves over 14,000 students across 22 campuses and online, focusing on career-oriented programs, especially in nursing, with more than half of students enrolled in pre-licensure nursing programs. Ms. Singer expresses excitement about her new role and commitment to innovation in education.

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.

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.

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.