Career Education (NASDAQ:CECO) Updates Q1 2019 Earnings Guidance

Career Education (NASDAQ:CECO) issued an update on its first quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.30-0.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.30. Career Education also updated its FY 2019 guidance to $1.11-1.15 EPS.

A number of research firms have recently weighed in on CECO. BidaskClub raised Career Education from a hold rating to a buy rating in a research note on Monday, February 25th. Zacks Investment Research raised Career Education from a hold rating to a buy rating and set a $18.00 target price on the stock in a research report on Friday, February 22nd. ValuEngine raised Career Education from a hold rating to a buy rating in a research report on Friday, February 22nd. Finally, Barrington Research reaffirmed a buy rating and set a $18.00 price objective on shares of Career Education in a research report on Thursday, February 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $19.13.

NASDAQ:CECO opened at $16.32 on Friday. Career Education has a 1 year low of $11.01 and a 1 year high of $19.07. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.14 and a beta of 1.68.

Career Education (NASDAQ:CECO) last released its quarterly earnings data on Wednesday, February 20th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The business had revenue of $145.50 million for the quarter, compared to the consensus estimate of $144.63 million. Career Education had a return on equity of 19.78% and a net margin of 9.49%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. On average, sell-side analysts expect that Career Education will post 1.14 earnings per share for the current year.

In related news, SVP Jeffrey David Ayers sold 10,903 shares of the business’s stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $13.00, for a total transaction of $141,739.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Robert Kline sold 4,700 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $15.20, for a total value of $71,440.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,521 shares of company stock worth $352,820. Corporate 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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Earnings History and Estimates for Career Education (NASDAQ:CECO)

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