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Apollo Group Inc. Reports 10-Q Quarterly Operating Results

June 26, 2012 | About:

Apollo Group Inc. reported its financial results for the fiscal third quarter of 2012 on June 25. Apollo Group Inc. has been providing higher education to working adults for over 25 years. Apollo Group Inc. has a market cap of $4.03 billion; its shares were traded at around $35.3 with a P/E ratio of 7.8 and P/S ratio of 0.9. Apollo Group Inc. had an annual average earnings growth of 21.9% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 5-star.

Apollo Group reported net revenues of $1.13 billion, with net income attributable to the company of $13 million. Earnings per share were $1.13 per share. Net revenues decreased 8.5% compared to the third quarter of fiscal year 2011, which was primarily caused by a decrease in the revenue generated by the University of Phoenix, caused by lower enrollment.

For the fiscal year 2012, Apollo Group expects to generate about $4.2 billion to $4.3 billion in total revenue and expects operating income to be around $700 million to $740 million. As of May 31, 2012, Apollo Group holds $602 million in cash, compared to $1.57 billion in cash as of Aug. 31, 2012. The decrease was primarily due to share repurchases, payments on loans and capital expenditures.

During the third quarter of fiscal 2012, Apollo Group repurchased $9 million worth of shares at an average price of $36.41, for a total cost of $329 million. In the nine months ended May 31, 2012, the company repurchased a total of $736 million worth of shares.

Rating: 2.7/5 (3 votes)


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GuruFocus has detected 4 Warning Signs with Apollo Education Group Inc $APOL.
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