Career Education Corporation (CECO) Issues Quarterly Earnings Results

Career Education Corporation (NASDAQ:CECO) announced its quarterly earnings data on Thursday. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06, reports. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $149.10 million. Career Education Corporation had a positive return on equity of 5.03% and a negative net margin of 3.35%. The company’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share.

Career Education Corporation (CECO) opened at $11.95 on Friday. The stock has a market cap of $741.37 million, a P/E ratio of 44.71 and a beta of 2.66.

Several equities analysts have commented on CECO shares. BidaskClub raised Career Education Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Piper Jaffray Companies reissued a “hold” rating and set a $13.00 price objective on shares of Career Education Corporation in a research report on Friday, July 21st.

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In other news, Director Gregory L. Jackson acquired 10,000 shares of the stock in a transaction on Monday, August 14th. The stock was acquired at an average price of $8.78 per share, with a total value of $87,800.00. Following the completion of the transaction, the director now owns 30,866 shares of the company’s stock, valued at approximately $271,003.48. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.01% of the company’s stock.

About Career Education Corporation

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.

Earnings History for Career Education Corporation (NASDAQ:CECO)

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