Education Management Corp. Hits New 52-Week High at $9.19 (EDMC)
Education Management Corp. (NASDAQ:EDMC) set a new 52-week high during trading on Monday, AnalystRatingsNetwork reports. The stock traded as high as $9.19 and last traded at $9.14, with a volume of 20,653 shares. The stock had previously closed at $8.94.
EDMC has been the subject of a number of recent research reports. Analysts at Barrington Research reiterated an “outperform” rating on shares of Education Management Corp. (NASDAQ:EDMC) in a research note to investors on Tuesday, August 13th. They now have a $9.00 price target on the stock, up previously from $7.00. Analysts at BMO Capital Markets raised their price target on shares of Education Management Corp. (NASDAQ:EDMC) from $5.00 to $7.00 in a research note to investors on Friday, August 9th. They now have a “market perform” rating on the stock.
Education Management Corp. has a 1-year low of $2.87 and a 1-year high of $9.16. The stock has a 50-day moving average of $8.16 and a 200-day moving average of $6.43. The company’s market cap is $1.137 billion.
Education Management Corp. (NASDAQ:EDMC) last announced its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.03. The company had revenue of $595.24 million for the quarter, compared to the consensus estimate of $583.79 million. During the same quarter last year, the company posted $0.10 earnings per share. Education Management Corp.’s revenue was down 6.9% compared to the same quarter last year. Analysts expect that Education Management Corp. will post $0.26 EPS for the current fiscal year.
Education Management Corporation (NASDAQ:EDMC) is a provider of post-secondary education in North America, with approximately 151,200 enrolled students as of October 2011.
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