Last $4.14 USD
Change Today +0.09 / 2.22%
Volume 64.9K
EDMC On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

education management corp (EDMC) Snapshot

Open
$4.01
Previous Close
$4.05
Day High
$4.20
Day Low
$3.95
52 Week High
10/30/13 - $16.94
52 Week Low
04/15/14 - $3.55
Market Cap
521.3M
Average Volume 10 Days
100.8K
EPS TTM
$0.28
Shares Outstanding
125.9M
EX-Date
--
P/E TM
14.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for EDUCATION MANAGEMENT CORP (EDMC)

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education management corp (EDMC) Details

Education Management Corporation provides post-secondary education in North America. The company offers academic programs to students through campus-based and online instruction to earn undergraduate and graduate degrees, including doctoral degrees, and specialized non-degree diplomas in a range of disciplines. It operates through four segments: The Art Institutes, Argosy University, Brown Mackie Colleges, and South University. The Art Institutes offer associate’s, bachelor’s, and master’s degree programs, as well as selective non-degree diploma programs in creative professions, such as graphic design, media arts and animation, culinary arts, photography, interior design, digital filmmaking and video production, audio production, Website development, baking and pastry, fashion design and marketing, and game art and design. The Argosy University provides doctoral, master’s, and undergraduate degree academic programs in psychology and behavioral sciences, business, education, and health sciences disciplines. Brown Mackie Colleges offer associate’s and non-degree diploma programs in fields that comprise medical assisting, criminal justice, nursing, business, legal support, and information technology. The South University provides doctoral, master’s, bachelor’s, and associate’s degree academic programs in health sciences and business disciplines, including business administration, criminal justice, nursing, information technology, psychology, pharmacy, and medical assisting. The company operates 110 locations across 32 states of the United States and Canada. Education Management Corporation was founded in 1962 and is headquartered in Pittsburgh, Pennsylvania.

12,700 Employees
Last Reported Date: 09/3/13
Founded in 1962

education management corp (EDMC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $568.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $97.5K
Executive Vice President of Education Systems...
Total Annual Compensation: $377.5K
Senior Vice President, Chancellor of South Un...
Total Annual Compensation: $364.7K
Chief Legal, Privacy, Security & Administrati...
Total Annual Compensation: $262.9K
Compensation as of Fiscal Year 2013.

education management corp (EDMC) Key Developments

Education Management Corporation Reports Earnings and Operating Results for the Second Quarter Ended December 31, 2013

Education Management Corporation reported earnings and operating results For the second quarter ended December 31, 2013. For the quarter, the company's revenue was $371.5 million at the Art Institutes, a 9.7% decline from the $411.5 million the company reported in same quarter in 2012. Net income of $1.1 million, or 1 cent per share, a 96% drop from $31.1 million, or 25 cents per share, in the second quarter of 2013. For the quarter, the company's average student enrollment for the Art Institute education system for the quarter was 64,560, a 7% decrease from 69,400 in 2012.

Education Management Corporation Cuts About 150 Jobs

Education Management Corp. has laid off about 150 employees, including about 40 in Pittsburgh. The layoffs are related to its Argosy University system of schools. EDMC operates 28 Argosy locations in 13 states. EDMC has been facing challenges with declining enrollment. In October, the company cut a few hundred jobs, and in June, the company cut 90 positions at its downtown Pittsburgh office.

Education Management Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended December 31, 2013; Provides Earnings Guidance for the Third Quarter Ending March 31, 2014 and Full Year Ending June 30, 2014; Announces Impairment Charges for the Second Quarter Ended December 31, 2013

Education Management Corporation reported unaudited consolidated earnings results for the second quarter ended December 31, 2013. For the quarter, the company reported net revenue of $593,673,000 compared to $654,895,000 a year ago. Income before interest and income taxes was $29,232,000 compared to $84,073,000 a year ago. Loss before income taxes was $2,383,000 compared to income before income taxes of $53,064,000 a year ago. Net income was $1,089,000 or $0.01 per basic and diluted share compared to $31,144,000 or $0.25 per basic and diluted share. EBITDA was $67,825,000 compared to $123,328,000 a year ago. The revenue decrease was primarily due to the decline in average enrolled student body, a higher amount of scholarships awarded and fewer revenue days in the current quarter compared to the prior year quarter. For the six months, the company reported net revenue of $1,174,053,000 compared to $1,264,459,000 a year ago. Income before interest and income taxes was $41,149,000 compared to $93,704,000 a year ago. Loss before income taxes was $22,332,000 compared to income before income taxes of $31,243,000 a year ago. Net loss was $8,426,000 or $0.07 per basic and diluted share compared to net income of $18,051,000 or $0.14 per basic and diluted share. Net cash flows provided by operating activities was $39,690,000 compared to $93,177,000 a year ago. Expenditures for long-lived assets were $31,331,000 compared to $39,458,000 a year ago. EBITDA was $118,347,000 compared to $177,104,000 a year ago. The decrease in cash flow from operations in the current quarter compared to the prior year quarter was primarily due to lower operating results. For the third quarter ending March 31, 2014, the company expects EBITDA to be between $97 million and $101 million, net income to be between $17 million and $20 million and earnings per diluted share to be between $0.13 per diluted share and $0.15 per diluted share. For the full year ending June 30, 2014, the company expects EBITDA excluding expenses related to restructuring charges, settlement-related costs and long-lived asset impairments to be between $310 million and $320 million, net income to be between $11 million and $17 million, Earnings per diluted share to be between $0.09 and $0.13 per diluted share. Capital expenditures are projected to be approximately $80 million, compared to $83.2 million in the fiscal year ended June 30, 2013. For the quarter, long-lived asset impairments were $3,847,000.

 

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EDMC Competitors

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Company Last Change
Career Education Corp $7.32 USD +0.09
Corinthian Colleges Inc $1.25 USD -0.01
ITT Educational Services Inc $26.58 USD -0.11
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EDMC

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Valuation EDMC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 2.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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