Brokerages Expect Career Education Corp. (CECO) Will Post Earnings of $0.33 Per Share

Analysts expect Career Education Corp. (NASDAQ:CECO) to post earnings per share of $0.33 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Career Education’s earnings. Career Education posted earnings of $0.25 per share during the same quarter last year, which would indicate a positive year over year growth rate of 32%. The firm is scheduled to announce its next earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Career Education will report full-year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.16. For the next financial year, analysts expect that the business will report earnings of $1.28 per share, with EPS estimates ranging from $1.25 to $1.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Career Education.

Career Education (NASDAQ:CECO) last announced its quarterly earnings results on Wednesday, February 20th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. The firm had revenue of $145.50 million during 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 firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 earnings per share.

CECO has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Career Education from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Barrington Research reaffirmed a “buy” rating and issued a $18.00 price target on shares of Career Education in a report on Thursday, February 7th. Finally, ValuEngine raised Career Education from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $19.83.

CECO traded down $0.45 on Friday, reaching $17.76. The company’s stock had a trading volume of 885,893 shares, compared to its average volume of 449,325. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67. Career Education has a fifty-two week low of $11.01 and a fifty-two week high of $19.07.

In other news, SVP John Robert Kline sold 4,700 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $15.20, for a total value of $71,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey David Ayers sold 10,918 shares of the stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $12.79, for a total value of $139,641.22. The disclosure for this sale can be found here. Insiders sold 26,521 shares of company stock valued at $352,820 over the last ninety days. 5.58% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. SG Capital Management LLC bought a new stake in Career Education during the 4th quarter worth approximately $12,005,000. BlackRock Inc. grew its position in Career Education by 7.9% during the 3rd quarter. BlackRock Inc. now owns 10,104,062 shares of the company’s stock worth $150,854,000 after acquiring an additional 742,938 shares during the last quarter. FMR LLC grew its position in Career Education by 41.0% during the 3rd quarter. FMR LLC now owns 2,366,933 shares of the company’s stock worth $35,338,000 after acquiring an additional 687,761 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Career Education during the 4th quarter worth approximately $27,000. Finally, Vanguard Group Inc grew its position in Career Education by 6.4% during the 3rd quarter. Vanguard Group Inc now owns 4,188,013 shares of the company’s stock worth $62,526,000 after acquiring an additional 253,599 shares during the last quarter. 80.96% of the stock is owned by institutional investors and hedge funds.

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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