ITT Educational Services Inc. Sets New 1-Year High at $32.77 (ESI)
ITT Educational Services (NYSE:ESI) set a new 52-week high during mid-day trading on Tuesday, AnalystRatings.Net reports. The stock traded as high as $32.77 and last traded at $31.66, with a volume of 438,621 shares. The stock had previously closed at $31.00.
ESI has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of ITT Educational Services (NYSE:ESI) from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, August 28th. Separately, analysts at FBR Capital Markets upgraded shares of ITT Educational Services (NYSE:ESI) from an “underperform” rating to a “market perform” rating in a research note to investors on Monday, August 5th. Finally, analysts at Barclays Capital raised their price target on shares of ITT Educational Services (NYSE:ESI) from $27.00 to $33.00 in a research note to investors on Monday, August 5th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.55.
In other ITT Educational Services news, major shareholder Blum Capital Partners Lp sold 7,833 shares of ITT Educational Services stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $31.01, for a total value of $242,901.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
ITT Educational Services has a 52 week low of $11.69 and a 52 week high of $31.96. The stock has a 50-day moving average of $29.06 and a 200-day moving average of $23.57. The company has a market cap of $733.8 million and a price-to-earnings ratio of 8.54.
ITT Educational Services (NYSE:ESI) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.89 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.90 by $0.01. The company had revenue of $259.90 million for the quarter, compared to the consensus estimate of $272.40 million. During the same quarter last year, the company posted $1.96 earnings per share. ITT Educational Services’s revenue was down 21.2% compared to the same quarter last year. Analysts expect that ITT Educational Services will post $3.86 EPS for the current fiscal year.
ITT Educational Services, Inc (NYSE:ESI) is a provider of postsecondary degree programs in the United States.
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