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

Headlines about Career Education Corp. (NASDAQ:CECO) have trended positive on Saturday, according to AlphaOne Sentiment Analysis. The research firm, a unit of Accern, identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Career Education Corp. earned a media sentiment score of 0.25 on AlphaOne’s scale. AlphaOne also assigned news headlines about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.

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

Separately, Needham & Company LLC reiterated 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 related news, SVP Jeffrey David Ayers sold 14,560 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $10.50, for a total transaction of $152,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.88% of the company’s stock.

Career Education Corp. 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.

12 Month Chart for NASDAQ:CECO

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