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Last $0.09 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

education management corp (EDMC) Snapshot

Open
$0.09
Previous Close
$0.09
Day High
$0.11
Day Low
$0.09
52 Week High
08/22/14 - $1.86
52 Week Low
06/30/15 - $0.05
Market Cap
10.8M
Average Volume 10 Days
18.7K
EPS TTM
$1.58
Shares Outstanding
126.1M
EX-Date
--
P/E TM
0.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for EDUCATION MANAGEMENT CORP (EDMC)

education management corp (EDMC) Related Businessweek News

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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 segment offers 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, digital filmmaking and video production, interior design, audio production, fashion design, game art and design, baking and pastry, and fashion marketing. The Argosy University segment provides doctoral, master’s, and undergraduate degree academic programs in psychology and behavioral sciences, business, legal, education, and health sciences disciplines. The Brown Mackie Colleges segment offers associate’s and non-degree diploma programs in fields that comprise medical assisting, business, criminal justice, occupational therapy assistant, healthcare administration, and veterinary technology. The South University segment provides doctoral, master’s, bachelor’s, and associate’s degree academic programs in health profession and business disciplines, including business administration, health sciences, nursing, criminal justice, psychology, information technology, and healthcare management. The company operates 110 school locations. Education Management Corporation was founded in 1962 and is headquartered in Pittsburgh, Pennsylvania.

11,000 Employees
Last Reported Date: 10/31/14
Founded in 1962

education management corp (EDMC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $709.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
President of Brown Mackie Colleges
Total Annual Compensation: $450.0K
Chief Legal, Privacy, Security & Administrati...
Total Annual Compensation: $1.1M
Chief Compliance Officer and Senior Vice Pres...
Total Annual Compensation: $637.5K
Compensation as of Fiscal Year 2014.

education management corp (EDMC) Key Developments

Education Management Corporation Cuts 300 Employees Nationwide

Education Management Corp. announced that it laid off another 300 people, including about 70 in the Pittsburgh region, as it struggles with declining enrollment and making its offerings more affordable. The company confirmed the cuts, which represent less than 2% of its 21,000-employee workforce. It said the layoffs were across EDMC's entire system and included some faculty members.

Education Management Corp. to Close 15 Art Institute Locations, Including One in Houston

Education Management Corp. is closing 15 of its Art Institute campuses, including a branch in Houston. The Art Institute Houston - North, at 10740 N. Gessner Drive, is one of the campuses that will close, affecting 310 students. However, the main campus, at 4140 Southwest Freeway, will not close. A total of 5,432 students are enrolled among the campuses that are slated to close, according to a list provided by EDMC. The company will undergo a teach out process at each location, meaning each campus will continue to offer courses, student services and placement assistance until the last student has graduated, according to Hardman. Campuses were notified of the closures May 6, 2015.

Eight Members Leave the Board of Education Management Corporation

Education Management Corp. has completed its debt restructuring. As a result, eight members of the company's 11-member board of directors resigned in connection with the completion of the restructuring. Members that have left the board include Roman Bejger, Samuel Cowley, Adrian Jones, Jeffrey Leeds, John McKernan, Leo Mullin, Brian Napack and Peter Wilde.

 

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EDMC Competitors

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Company Last Change
Apollo Education Group Inc $13.29 USD +0.14
DeVry Education Group Inc $30.85 USD -0.15
ITT Educational Services Inc $3.90 USD -1.77
K12 Inc $13.24 USD -0.27
Scholastic Corp $43.14 USD +0.25
View Industry Companies
 

Industry Analysis

EDMC

Industry Average

Valuation EDMC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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