Apollo Group (APOL) Likely to Continue to Disappoint Investors - Analyst

June 26, 2013 3:31 PM EDT
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Price: $10.00 +0.60%

Rating Summary:
    5 Buy, 13 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Barrington Research today maintained a Market Perform rating on Apollo Group (NASDAQ: APOL). Comments follow disappointed Q4 results after the bell on Tuesday. While EPS topped estimates, revenue fell short and with new degreed enrollment was down 25%.

"Our biggest concern for the stock remains growth, as underlying enrollment trends show no sign of improving. While we believe management is doing many of the rights things (focusing on quality and retention, while cutting costs), we believed the company will continue to disappoint investors as macroeconomic trends and company‚Äźspecific issues continue to put pressure on student starts," said analyst Joe Janssen.

For an analyst ratings summary and ratings history on Apollo Education (NASDAQ: APOL) click here. For more ratings news on Apollo Education click here.

Shares of Apollo Education closed at $19.38 yesterday.

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