Career Education (CECO) Updates FY19 Earnings Guidance

Career Education (NASDAQ:CECO) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.11-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.11. Career Education also updated its FY 2019 guidance to $1.11-1.15 EPS.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Career Education from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Wednesday, February 6th. Barrington Research restated a buy rating and issued a $18.00 price target on shares of Career Education in a research report on Thursday, February 7th. Finally, ValuEngine lowered shares of Career Education from a buy rating to a hold rating in a research note on Friday, November 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Career Education currently has a consensus rating of Hold and a consensus price target of $18.38.

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Career Education stock traded up $0.07 during trading hours on Wednesday, hitting $13.94. The company had a trading volume of 489,747 shares, compared to its average volume of 245,019. The firm has a market cap of $967.57 million, a PE ratio of 44.97, a P/E/G ratio of 1.02 and a beta of 1.75. Career Education has a fifty-two week low of $11.01 and a fifty-two week high of $19.07.

Career Education (NASDAQ:CECO) last released its quarterly earnings data on Wednesday, February 20th. The company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The firm had revenue of $145.50 million for the quarter, compared to analyst estimates of $144.63 million. Career Education had a negative net margin of 0.57% and a positive return on equity of 16.59%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. Research analysts expect that Career Education will post 0.91 EPS for the current fiscal year.

In other Career Education news, SVP Andrew Hurst sold 16,531 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $14.00, for a total value of $231,434.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeffrey David Ayers sold 10,918 shares of the stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $12.79, for a total transaction of $139,641.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,352 shares of company stock worth $512,814. Company insiders own 5.70% of the company’s stock.

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Career Education Company Profile

Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. The company operates through three segments: Colorado Technical University (CTU), American InterContinental University (AIU), and All Other Campuses.

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