ITT Educational Services Inc. (ESI) Shares Up 3.4%
ITT Educational Services Inc. (NYSE:ESI)’s share price shot up 3.4% during mid-day trading on Wednesday . The stock traded as high as $2.14 and last traded at $2.13, with a volume of 303,565 shares trading hands. The stock had previously closed at $2.06.
Separately, Zacks Investment Research cut ITT Educational Services from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd.
The company has a market capitalization of $52.37 million and a price-to-earnings ratio of 3.15. The firm’s 50 day moving average price is $1.93 and its 200 day moving average price is $2.48.
ITT Educational Services (NYSE:ESI) last issued its earnings results on Friday, April 29th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $191.50 million for the quarter, compared to analyst estimates of $190.85 million. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities research analysts predict that ITT Educational Services Inc. will post $0.43 earnings per share for the current year.
In related news, major shareholder Yude Zhang bought 350,642 shares of ITT Educational Services stock in a transaction dated Tuesday, July 5th. The shares were acquired at an average cost of $1.92 per share, with a total value of $673,232.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
An institutional investor recently raised its position in ITT Educational Services stock. Globeflex Capital L P raised its stake in shares of ITT Educational Services Inc. (NYSE:ESI) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,651 shares of the company’s stock after buying an additional 3,213 shares during the period. Globeflex Capital L P owned 1.30% of ITT Educational Services worth $1,148,000 at the end of the most recent reporting period.
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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