Capella Education Company (NASDAQ:CPLA) posted its quarterly earnings results on Tuesday, July 25th. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.10, MarketWatch Earnings reports. The business had revenue of $109.60 million for the quarter, compared to analysts’ expectations of $109.89 million. Capella Education had a return on equity of 20.23% and a net margin of 10.49%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share.
Capella Education (CPLA) remained flat at $66.95 on Friday. The stock had a trading volume of 41,268 shares. The firm has a 50-day moving average of $79.60 and a 200-day moving average of $83.92. The firm has a market cap of $781.37 million, a price-to-earnings ratio of 17.28 and a beta of 0.49. Capella Education has a 1-year low of $56.88 and a 1-year high of $99.25.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, August 25th will be given a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.64 annualized dividend and a yield of 2.45%. Capella Education’s dividend payout ratio is currently 42.38%.
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In other news, CEO J Kevin Gilligan sold 2,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $82.18, for a total value of $164,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 18,000 shares of company stock valued at $1,543,760 over the last 90 days. Insiders own 3.56% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. OxFORD Asset Management LLP purchased a new position in shares of Capella Education during the second quarter valued at $300,000. Renaissance Technologies LLC increased its position in shares of Capella Education by 2.0% in the second quarter. Renaissance Technologies LLC now owns 946,425 shares of the company’s stock valued at $81,014,000 after buying an additional 18,625 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of Capella Education by 22.2% in the second quarter. Parametric Portfolio Associates LLC now owns 57,636 shares of the company’s stock valued at $4,934,000 after buying an additional 10,463 shares during the period. M&T Bank Corp increased its position in shares of Capella Education by 4.9% in the second quarter. M&T Bank Corp now owns 3,312 shares of the company’s stock valued at $283,000 after buying an additional 155 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Capella Education by 7.9% in the second quarter. California Public Employees Retirement System now owns 47,900 shares of the company’s stock valued at $4,100,000 after buying an additional 3,500 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.
A number of brokerages have recently weighed in on CPLA. BidaskClub lowered Capella Education from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. BMO Capital Markets cut their price objective on Capella Education from $86.00 to $79.45 and set an “outperform” rating for the company in a research report on Wednesday, July 26th. Barrington Research raised their price objective on Capella Education from $85.00 to $98.00 and gave the company an “outperform” rating in a research report on Tuesday, April 25th. Finally, Zacks Investment Research lowered Capella Education from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Capella Education currently has an average rating of “Hold” and an average price target of $87.69.
Capella Education Company Profile
Capella Education Company is an education services company. The Company provides direct path between learning and employment through its online postsecondary education offerings and through programs to develop job-ready skills for demand markets. The company’s segments include post-secondary segment and job-ready skills segment.
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