Career Education (NASDAQ:CECO) updated its first quarter 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.30-0.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.30. Career Education also updated its FY 2019 guidance to $1.11-1.15 EPS.
A number of research firms recently issued reports on CECO. Zacks Investment Research raised Career Education from a hold rating to a buy rating and set a $14.00 price objective for the company in a research report on Wednesday, January 16th. Barrington Research started coverage on Career Education in a research report on Sunday, December 9th. They set an outperform rating and a $13.49 price objective for the company. BidaskClub upgraded Career Education from a sell rating to a hold rating in a report on Wednesday, October 24th. Finally, ValuEngine lowered Career Education from a buy rating to a hold rating in a report on Friday, November 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $18.38.
Get Career Education alerts:NASDAQ CECO traded up $0.07 during trading on Wednesday, hitting $13.94. 489,747 shares of the company traded hands, compared to its average volume of 245,019. Career Education has a 12 month low of $11.01 and a 12 month high of $19.07. The firm has a market cap of $967.57 million, a P/E ratio of 44.97, a price-to-earnings-growth ratio of 1.02 and a beta of 1.75.
In other news, SVP Jeffrey David Ayers sold 10,903 shares of Career Education stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $13.00, for a total value of $141,739.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew Hurst sold 16,531 shares of Career Education stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $14.00, for a total value of $231,434.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,352 shares of company stock worth $512,814. 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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