ITT Educational Services Inc. (ESI) Trading 2.3% Higher
ITT Educational Services Inc. (NYSE:ESI) traded up 2.3% during trading on Friday . The stock traded as high as $2.25 and last traded at $2.25, with a volume of 145,137 shares changing hands. The stock had previously closed at $2.20.
Separately, Zacks Investment Research downgraded ITT Educational Services from a “hold” rating to a “sell” rating in a report on Monday, May 2nd.
The stock’s 50 day moving average is $2.10 and its 200 day moving average is $2.42. The firm has a market capitalization of $53.97 million and a price-to-earnings ratio of 2.65.
ITT Educational Services (NYSE:ESI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.22. During the same period last year, the firm posted $0.03 earnings per share. The business earned $176.30 million during the quarter, compared to analyst estimates of $179.05 million. ITT Educational Services’s quarterly revenue was down 17.7% compared to the same quarter last year. On average, analysts expect that ITT Educational Services Inc. will post $1.82 earnings per share for the current fiscal year.
In other ITT Educational Services news, major shareholder Yude Zhang purchased 206,092 shares of the company’s stock in a transaction on Friday, July 1st. The shares were purchased at an average cost of $1.94 per share, with a total value of $399,818.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
ITT Educational Services, Inc is a provider of postsecondary degree programs in the United States. The Company offers master, bachelor and associate degree programs to over 45,000 students, and short-term information technology and business learning solutions for career advancers and other professionals.
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