ITT Educational Services Inc. (NYSE:ESI) shares dropped 3.1% on Tuesday . The company traded as low as $2.14 and last traded at $2.16, with a volume of 139,682 shares trading hands. The stock had previously closed at $2.23.

Separately, Zacks Investment Research raised ITT Educational Services from a “sell” rating to a “buy” rating and set a $2.50 price objective on the stock in a research report on Tuesday, May 17th.

The company has a market cap of $52.29 million and a PE ratio of 2.57. The firm’s 50-day moving average price is $2.03 and its 200-day moving average price is $2.44.

ITT Educational Services (NYSE:ESI) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.22. The business earned $176.30 million during the quarter, compared to analysts’ expectations of $179.05 million. During the same quarter last year, the business posted $0.03 earnings per share. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. Equities analysts predict that ITT Educational Services Inc. will post $1.11 earnings per share for the current year.

In other ITT Educational Services news, major shareholder Yude Zhang purchased 206,092 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was bought at an average cost of $1.94 per share, for a total transaction of $399,818.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

A hedge fund recently raised its stake in ITT Educational Services stock. Globeflex Capital L P raised its position in shares of ITT Educational Services Inc. (NYSE:ESI) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

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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