Career Education Corp. (NASDAQ:CECO) insider Michele A. Peppers sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $21.56, for a total value of $107,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of CECO stock traded up $0.20 during trading hours on Friday, hitting $22.08. 443,900 shares of the company’s stock were exchanged, compared to its average volume of 513,453. The firm has a 50 day moving average of $19.76 and a two-hundred day moving average of $17.87. Career Education Corp. has a fifty-two week low of $11.01 and a fifty-two week high of $22.26. The company has a quick ratio of 2.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.50 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.17 and a beta of 1.56.
Career Education (NASDAQ:CECO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.10. Career Education had a return on equity of 25.42% and a net margin of 8.78%. The firm had revenue of $156.44 million during the quarter, compared to the consensus estimate of $148.10 million. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that Career Education Corp. will post 1.22 earnings per share for the current fiscal year.
CECO has been the subject of several research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $26.00 target price (up from $24.00) on shares of Career Education in a research note on Thursday, August 8th. TheStreet downgraded Career Education from a “b” rating to a “c+” rating in a research note on Thursday, August 8th. BidaskClub raised Career Education from a “sell” rating to a “hold” rating in a research note on Saturday. Sidoti set a $24.00 target price on Career Education and gave the stock a “buy” rating in a research note on Friday, June 7th. Finally, Zacks Investment Research downgraded Career Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Career Education presently has a consensus rating of “Buy” and a consensus price target of $24.00.
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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