Zacks: Analysts Anticipate Career Education Corp. (CECO) to Announce $0.11 EPS
Wall Street brokerages forecast that Career Education Corp. (NASDAQ:CECO) will report $0.11 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Career Education Corp.’s earnings. Career Education Corp. reported earnings of $0.18 per share in the same quarter last year, which indicates a negative year over year growth rate of 38.9%. The firm is expected to report its next earnings results on Wednesday, August 2nd.
According to Zacks, analysts expect that Career Education Corp. will report full-year earnings of $0.01 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $0.53 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Career Education Corp..
Career Education Corp. (NASDAQ:CECO) last issued its earnings results on Wednesday, May 3rd. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. The business had revenue of $162.11 million for the quarter. Career Education Corp. had a return on equity of 45.37% and a net margin of 20.94%.
Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Career Education Corp. in a research note on Tuesday, February 14th.
In related news, SVP Jeffrey David Ayers sold 14,560 shares of Career Education Corp. stock in a transaction on Monday, May 8th. The shares were sold at an average price of $10.50, for a total value of $152,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.88% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in CECO. Alambic Investment Management L.P. raised its stake in Career Education Corp. by 69.3% in the third quarter. Alambic Investment Management L.P. now owns 169,051 shares of the company’s stock valued at $1,148,000 after buying an additional 69,200 shares during the last quarter. Wells Fargo & Company MN raised its position in Career Education Corp. by 52.1% in the third quarter. Wells Fargo & Company MN now owns 27,373 shares of the company’s stock worth $186,000 after buying an additional 9,379 shares in the last quarter. First Trust Advisors LP purchased a new position in Career Education Corp. during the third quarter worth $238,000. JPMorgan Chase & Co. raised its position in Career Education Corp. by 18,834.9% in the third quarter. JPMorgan Chase & Co. now owns 107,550 shares of the company’s stock worth $730,000 after buying an additional 106,982 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in Career Education Corp. by 4.8% in the third quarter. BlackRock Fund Advisors now owns 4,776,000 shares of the company’s stock worth $32,429,000 after buying an additional 216,994 shares in the last quarter. 71.36% of the stock is owned by institutional investors and hedge funds.
Career Education Corp. (NASDAQ:CECO) opened at 10.57 on Friday. The stock’s market capitalization is $729.63 million. Career Education Corp. has a 12 month low of $5.32 and a 12 month high of $12.59. The company has a 50 day moving average price of $9.49 and a 200 day moving average price of $9.33.
About Career Education Corp.
Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company’s American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels.
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