Career Education Corp. (CECO) Stock Price Down 4%
Shares of Career Education Corp. (NASDAQ:CECO) fell 4% on Wednesday . The company traded as low as $6.37 and last traded at $6.41, with a volume of 263,077 shares traded. The stock had previously closed at $6.68.
Separately, Piper Jaffray Cos. reissued a “neutral” rating and set a $11.00 price target (up previously from $6.00) on shares of Career Education Corp. in a research report on Friday, August 5th.
The company has a market capitalization of $447.72 million and a price-to-earnings ratio of 3.99. The firm has a 50 day moving average price of $6.95 and a 200-day moving average price of $5.49.
Career Education Corp. (NASDAQ:CECO) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.31. During the same quarter in the previous year, the business posted ($0.31) earnings per share. The business had revenue of $182.63 million for the quarter, compared to analyst estimates of $176.04 million. The company’s revenue was down 15.8% compared to the same quarter last year. On average, analysts expect that Career Education Corp. will post $0.03 EPS 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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