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.
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.
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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