Career Education Corp. (CECO) Shares Down 4%
Career Education Corp. (NASDAQ:CECO) shares fell 4% during mid-day trading on Wednesday . The company traded as low as $6.37 and last traded at $6.41, with a volume of 263,077 shares trading hands. The stock had previously closed at $6.68.
Separately, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $11.00 target price (up from $6.00) on shares of Career Education Corp. in a research report on Friday, August 5th.
The company’s 50 day moving average price is $6.94 and its 200 day moving average price is $5.50. The stock has a market capitalization of $452.51 million and a price-to-earnings ratio of 4.03.
Career Education Corp. (NASDAQ:CECO) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.31. During the same period last year, the business posted ($0.31) earnings per share. The company had revenue of $182.63 million for the quarter, compared to the consensus estimate of $176.04 million. The firm’s quarterly revenue was down 15.8% compared to the same quarter last year. On average, equities research 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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