Career Education (CECO) Earns Daily Coverage Optimism Score of 0.10

Press coverage about Career Education (NASDAQ:CECO) has trended somewhat positive on Sunday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Career Education earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.1852378555148 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Separately, BidaskClub lowered Career Education from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd.

Career Education (CECO) opened at $12.20 on Friday. Career Education has a 12-month low of $7.62 and a 12-month high of $13.92. The stock has a market capitalization of $842.95, a P/E ratio of -39.35 and a beta of 2.72.

Career Education (NASDAQ:CECO) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. Career Education had a positive return on equity of 4.99% and a negative net margin of 3.35%. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $149.10 million. During the same period in the previous year, the firm earned $0.21 EPS. Career Education’s quarterly revenue was down 13.5% compared to the same quarter last year.

In other Career Education news, SVP John Robert Kline sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $12.12, for a total transaction of $32,724.00. Following the completion of the transaction, the senior vice president now owns 96,718 shares of the company’s stock, valued at approximately $1,172,222.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Andrew Hurst sold 3,889 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $12.81, for a total value of $49,818.09. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by insiders.

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Career Education Company Profile

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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