Career Education (CECO) Set to Announce Quarterly Earnings on Wednesday

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Career Education (NASDAQ:CECO) will announce its Q2 2019 earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Career Education has set its Q2 guidance at $0.29-0.31 EPS and its FY19 guidance at $1.11-1.15 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Career Education (NASDAQ:CECO) last posted its earnings results on Wednesday, May 8th. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. Career Education had a net margin of 10.57% and a return on equity of 21.14%. The firm had revenue of $157.85 million for the quarter, compared to analyst estimates of $154.07 million. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. 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 $18.49 on Tuesday. The company has a fifty day moving average price of $19.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.04 and a current ratio of 3.05. Career Education has a 52 week low of $11.01 and a 52 week high of $20.39. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.31 and a beta of 1.56.

A number of equities research analysts have recently commented on the stock. Barrington Research reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Career Education in a research note on Tuesday, May 14th. TheStreet raised shares of Career Education from a “c+” rating to a “b” rating in a research note on Wednesday, April 17th. BidaskClub lowered shares of Career Education from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. Sidoti set a $24.00 price objective on shares of Career Education and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, Zacks Investment Research lowered shares of Career Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Career Education presently has an average rating of “Hold” and a consensus price target of $23.33.

In related news, SVP John Robert Kline sold 4,789 shares of Career Education stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $19.63, for a total value of $94,008.07. Following the sale, the senior vice president now owns 170,999 shares in the company, valued at $3,356,710.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.58% of the company’s stock.

About Career Education

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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