Career Education Corp. (NASDAQ:CECO) – Equities research analysts at Piper Jaffray Companies boosted their Q1 2019 EPS estimates for Career Education in a report released on Friday, April 12th. Piper Jaffray Companies analyst P. Appert now anticipates that the company will earn $0.33 per share for the quarter, up from their previous forecast of $0.32. Piper Jaffray Companies also issued estimates for Career Education’s Q3 2019 earnings at $0.31 EPS, Q1 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.33 EPS, FY2020 earnings at $1.25 EPS and FY2021 earnings at $1.37 EPS.
Career Education (NASDAQ:CECO) last posted its earnings results on Wednesday, February 20th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $145.50 million for the quarter, compared to the consensus estimate of $144.63 million. Career Education had a net margin of 9.49% and a return on equity of 19.78%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS.
CECO has been the topic of a number of other research reports. BidaskClub downgraded shares of Career Education from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Zacks Investment Research raised shares of Career Education from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, February 6th. Finally, Barrington Research reissued a “buy” rating and set a $18.00 target price on shares of Career Education in a research report on Thursday, February 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $20.13.
NASDAQ CECO opened at $17.66 on Monday. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67. Career Education has a one year low of $11.01 and a one year high of $19.07.
In other news, SVP Jeffrey David Ayers sold 10,903 shares of the firm’s stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $13.00, for a total value of $141,739.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Robert Kline sold 4,700 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $15.20, for a total transaction of $71,440.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,521 shares of company stock worth $352,820 in the last three months. Insiders own 5.58% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in shares of Career Education by 44.3% in the 4th quarter. Deutsche Bank AG now owns 301,083 shares of the company’s stock valued at $3,435,000 after buying an additional 92,482 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Career Education in the 4th quarter valued at about $411,000. Geode Capital Management LLC boosted its holdings in shares of Career Education by 10.9% in the 4th quarter. Geode Capital Management LLC now owns 803,253 shares of the company’s stock valued at $9,173,000 after buying an additional 79,206 shares in the last quarter. FMR LLC boosted its holdings in shares of Career Education by 16.3% in the 4th quarter. FMR LLC now owns 2,752,020 shares of the company’s stock valued at $31,428,000 after buying an additional 385,087 shares in the last quarter. Finally, Amalgamated Bank acquired a new stake in Career Education in the 4th quarter worth approximately $125,000. Institutional investors and hedge funds own 80.96% of the company’s stock.
Career Education Company Profile
Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. The company operates through three segments: Colorado Technical University (CTU), American InterContinental University (AIU), and All Other Campuses.
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