Career Education Corp. Hits New 52-Week High at $6.71 (CECO)
Shares of Career Education Corp. (NASDAQ:CECO) hit a new 52-week high on Wednesday, American Banking & Market News reports. The company traded as high as $6.71 and last traded at $6.70, with a volume of 799,847 shares trading hands. The stock had previously closed at $6.24.
Separately, analysts at Wells Fargo & Co. upgraded shares of Career Education Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, October 25th.
Career Education Corp. has a 52 week low of $2.03 and a 52 week high of $6.50. The stock’s 50-day moving average is $5.2 and its 200-day moving average is $3.89. The company’s market cap is $444.6 million.
Career Education Corp. (NASDAQ:CECO) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.65) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.53) by $0.12. The company had revenue of $251.30 million for the quarter, compared to the consensus estimate of $255.50 million. During the same quarter last year, the company posted ($0.47) earnings per share. Career Education Corp.’s revenue was down 20.5% compared to the same quarter last year. Analysts expect that Career Education Corp. will post $-1.49 EPS for the current fiscal year.
Career Education Corporation through its colleges, schools and universities offers education to a student population of more than 75,000 students across the world in a variety of career-oriented disciplines through online, on-ground and hybrid learning program offerings.
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