Career Education Corp. (CECO) Trading Down 1.5%
Shares of Career Education Corp. (NASDAQ:CECO) dropped 1.5% during trading on Tuesday . The stock traded as low as $7.08 and last traded at $7.11, with a volume of 463,609 shares. The stock had previously closed at $7.22.
Separately, Piper Jaffray Cos. reiterated a “neutral” rating and issued a $11.00 price target (up previously from $6.00) on shares of Career Education Corp. in a research note on Friday, August 5th.
The stock’s 50 day moving average is $6.87 and its 200 day moving average is $5.32. The firm has a market cap of $486.74 million and a PE ratio of 4.33.
Career Education Corp. (NASDAQ:CECO) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.31. The business earned $182.63 million during the quarter, compared to analyst estimates of $176.04 million. During the same quarter in the previous year, the company earned ($0.31) EPS. The firm’s revenue was down 15.8% compared to the same quarter last year. On average, equities analysts anticipate that Career Education Corp. will post $0.03 earnings per share for the current fiscal year.
Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company’s American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels.
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