Career Education (CECO) to Release Quarterly Earnings on Wednesday

Career Education (NASDAQ:CECO) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Career Education (NASDAQ:CECO) last released its earnings results 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 company 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%. Career Education’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. On average, analysts expect Career Education to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ CECO opened at $18.29 on Tuesday. The firm has a market cap of $1.27 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.27 and a beta of 1.68. Career Education has a fifty-two week low of $11.01 and a fifty-two week high of $19.07.

Several equities analysts recently weighed in on the company. BidaskClub downgraded Career Education from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Zacks Investment Research upgraded Career Education from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, February 6th. Finally, Barrington Research reiterated a “buy” rating and set a $18.00 target price on shares of Career Education in a research report on Thursday, February 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Career Education has an average rating of “Buy” and an average target price of $19.83.

In related news, SVP John Robert Kline sold 4,700 shares of Career Education stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $15.20, for a total transaction of $71,440.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.58% of the stock is currently owned by insiders.

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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 for Career Education (NASDAQ:CECO)

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