ITT Educational Services Inc. (ESI) Trading Up 3.7%
ITT Educational Services Inc. (NYSE:ESI)’s share price was up 3.7% during trading on Monday . The stock traded as high as $2.24 and last traded at $2.22, with a volume of 152,669 shares. The stock had previously closed at $2.14.
Separately, Zacks Investment Research upgraded ITT Educational Services from a “sell” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Tuesday, May 17th.
The stock has a market capitalization of $53.49 million and a PE ratio of 2.63. The stock has a 50 day moving average of $2.02 and a 200 day moving average of $2.45.
ITT Educational Services (NYSE:ESI) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.22. The firm had revenue of $176.30 million for the quarter, compared to the consensus estimate of $179.05 million. ITT Educational Services’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 earnings per share. On average, equities research analysts forecast that ITT Educational Services Inc. will post $1.11 EPS for the current year.
In other news, major shareholder Yude Zhang purchased 114,188 shares of the stock in a transaction dated Wednesday, July 27th. The shares were purchased at an average cost of $2.10 per share, with a total value of $239,794.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
A hedge fund recently raised its stake in ITT Educational Services stock. Globeflex Capital L P boosted its stake in shares of ITT Educational Services Inc. (NYSE:ESI) by 1.1% during the fourth quarter, according to its most recent filing with the 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 approximately 1.30% of ITT Educational Services worth $1,148,000 as of its most recent filing with the SEC.
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.