Career Education Corp. (CECO) Earning Somewhat Positive News Coverage, AlphaOne Reports

Media coverage about Career Education Corp. (NASDAQ:CECO) has been trending somewhat positive on Saturday, Alpha One Sentiment Analysis reports. The research firm, a unit of Accern, rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Career Education Corp. earned a media sentiment score of 0.16 on Alpha One’s scale. Alpha One also gave news headlines about the company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the near term.

Shares of Career Education Corp. (NASDAQ:CECO) traded down 0.21% during trading on Friday, reaching $9.49. 494,812 shares of the company were exchanged. The stock’s 50-day moving average is $9.77 and its 200-day moving average is $9.45. Career Education Corp. has a 52-week low of $5.32 and a 52-week high of $12.59. The firm’s market cap is $655.08 million.

Career Education Corp. (NASDAQ:CECO) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $162.11 million during the quarter. Career Education Corp. had a net margin of 20.94% and a return on equity of 45.37%. Equities research analysts predict that Career Education Corp. will post $0.07 earnings per share for the current fiscal year.

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 target price on shares of Career Education Corp. in a research note on Tuesday, February 14th.

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In other Career Education Corp. news, SVP Jeffrey David Ayers sold 14,560 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $10.50, for a total value of $152,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.88% of the company’s stock.

About Career Education Corp.

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.

12 Month Chart for NASDAQ:CECO

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