Education Management Corp. Sets New 1-Year High at $11.00 (EDMC)
Education Management Corp. (NASDAQ:EDMC) set a new 52-week high during trading hours on Wednesday, Stock Ratings News reports. The company traded as high as $11.00 and last traded at $10.99, with a volume of 18,235 shares. The stock had previously closed at $10.86.
A number of research firms have recently commented on EDMC. Analysts at Zacks upgraded shares of Education Management Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $11.60 price target on the stock. Separately, analysts at Barrington Research reiterated an “outperform” rating on shares of Education Management Corp. 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. Finally, analysts at BMO Capital Markets raised their price target on shares of Education Management Corp. 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $7.12.
Education Management Corp. has a 52-week low of $2.87 and a 52-week high of $11.00. The stock has a 50-day moving average of $9.09 and a 200-day moving average of $7.00. The company’s market cap is $1.365 billion.
Education Management Corp. (NASDAQ:EDMC) last released its earnings data on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, analysts predict that Education Management Corp. will post $0.26 earnings per share 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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