Media stories about Career Education Corporation (NASDAQ:CECO) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Career Education Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.2844560748849 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
CECO has been the topic of several research analyst reports. BidaskClub raised shares of Career Education Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 24th. Piper Jaffray Companies reissued a “hold” rating and set a $13.00 price target on shares of Career Education Corporation in a research note on Friday, July 21st.
Career Education Corporation (NASDAQ:CECO) traded up 0.56% during mid-day trading on Wednesday, hitting $10.76. 39,033 shares of the stock traded hands. The company has a 50 day moving average price of $10.02 and a 200-day moving average price of $9.57. Career Education Corporation has a one year low of $6.55 and a one year high of $12.59. The stock’s market capitalization is $743.26 million.
Career Education Corporation (NASDAQ:CECO) last posted its earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.11. Career Education Corporation had a negative net margin of 3.82% and a positive return on equity of 3.73%. The firm had revenue of $146.20 million for the quarter, compared to analyst estimates of $147.80 million. During the same period in the previous year, the firm posted $0.17 EPS. The company’s revenue for the quarter was down 19.9% compared to the same quarter last year. Equities analysts anticipate that Career Education Corporation will post $0.18 earnings per share for the current fiscal year.
In other Career Education Corporation news, Director Gregory L. Jackson bought 10,000 shares of Career Education Corporation stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $8.78 per share, with a total value of $87,800.00. Following the acquisition, the director now directly owns 30,866 shares of the company’s stock, valued at approximately $271,003.48. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.01% of the company’s stock.
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About Career Education Corporation
Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company’s American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels.