Education Management Corp. Rating Increased to Market Perform at BMO Capital Markets (EDMC)
Education Management Corp. (NASDAQ:EDMC) was upgraded by equities researchers at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
Separately, analysts at Zacks downgraded shares of Education Management Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, November 14th. They now have a $15.50 price target on the stock.
Education Management Corp. (NASDAQ:EDMC) opened at 5.60 on Friday. Education Management Corp. has a 1-year low of $3.12 and a 1-year high of $16.94. The stock’s 50-day moving average is $9.4 and its 200-day moving average is $9.86. The company’s market cap is $700.4 million.
Education Management Corp. (NASDAQ:EDMC) last released its earnings data on Thursday, February 6th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.02. The company had revenue of $593.70 million for the quarter, compared to the consensus estimate of $605.85 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts predict that Education Management Corp. will post $0.24 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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