Career Education (CECO) Earning Somewhat Favorable News Coverage, Report Finds
Media headlines about Career Education (NASDAQ:CECO) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Career Education earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.5017122442043 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Career Education (CECO) opened at $12.54 on Wednesday. The firm has a market capitalization of $873.34, a P/E ratio of 53.13 and a beta of 2.70. Career Education has a 1-year low of $7.62 and a 1-year high of $13.92.
Career Education (NASDAQ:CECO) last issued its earnings results on Thursday, November 2nd. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. The business had revenue of $145.00 million during the quarter, compared to the consensus estimate of $149.10 million. Career Education had a positive return on equity of 4.99% and a negative net margin of 3.35%. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. equities analysts expect that Career Education will post 0.18 EPS for the current fiscal year.
Separately, BidaskClub downgraded Career Education from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th.
In other Career Education news, SVP Andrew Hurst sold 3,889 shares of Career Education stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $12.81, for a total value of $49,818.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Robert Kline sold 2,700 shares of Career Education stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $12.12, for a total value of $32,724.00. Following the completion of the sale, the senior vice president now owns 96,718 shares of the company’s stock, valued at $1,172,222.16. The disclosure for this sale can be found here. Insiders own 5.01% of the company’s stock.
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Career Education Company Profile
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.
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