5 Reasons We Are Long CECO Into Q2 Results
Aug. 7, 2015, 12:44 PM
Aug. 6, 2015, 4:57 PM
- Career Education (NASDAQ:CECO): Q2 EPS of -$0.14 beats by $0.36.
- Revenue of $174.78M (-6.1% Y/Y) beats by $17.13M.
Aug. 5, 2015, 5:35 PM
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Jul. 27, 2015, 11:57 AM
- For-profit stocks are jumpy with new federal regulations aiming to curb abusive practices now in effect.
- The sector could take its future direction from which way the U.S. Presidential election goes next year.
- Current estimates of 1.4K schools being closed in the future due to the new regulations tied to gainful employment could be dialed back if a GOP candidate wins the general election.
- Though not a front-runner, Republican Carly Fiorina said in a recent interview that the government needs to play a "far less heavy-handed role" in the for-profit sector.
- Today's for-profit movers: ITT Educational Services (NYSE:ESI) +4.6%, Capella Education (NASDAQ:CPLA) +1.4%, Apollo Education (NASDAQ:APOL) +1.1%, Lincoln Education (NASDAQ:LINC) -7.7%, Career Education (NASDAQ:CECO) -3.3%.
Jun. 29, 2015, 3:47 PM
- Education stocks trade sharply lower.
- The biggest development in the for-profit sector lately has been proposed spending cuts by the Department of Education on federal education programs.
- The for-profit sector is also affected by a court ruling upholding tighter funding standards related to debt ratio levels of graduates.
- Decliners: DeVry (NYSE:DV) -6.8%, Career Education Corp. (NASDAQ:CECO) -5.5%, Strayer Education (NASDAQ:STRA) -4.6%, American Public Education (NASDAQ:APEI) -3.8%, Bridgepoint Education (NYSE:BPI) -3.4%.
Jun. 18, 2015, 7:40 AM
- Career Education (NASDAQ:CECO) announces it worked out a deal to transfer Brooks Institute to gphomestay.
- Brooks Institute has campuses in Santa Barbara and Ventura, California.
- Terms of the deal weren't disclosed.
May 7, 2015, 12:49 PM
May 6, 2015, 5:27 PM
- Career Education (NASDAQ:CECO): Q1 EPS of -$0.37 may not be comparable to consensus of -$0.24.
- Revenue of $182.3M (-8.0% Y/Y) misses by $0.5M.
May 5, 2015, 5:35 PM
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Apr. 27, 2015, 1:37 PM
- For-profit education stocks are getting bashed after Corinithian Colleges (COCO -25.9%) closes all of its schools in a development that throws a spotlight on the sector.
- CNBC reports it's the largest shutdown in the history of higher education in the U.S.
- Previously: Education stocks on watch after Corinthian Colleges shuts down (Apr. 27 2015)
- Decliners: Apollo Education (NASDAQ:APOL) -1.5%, Career Education (NASDAQ:CECO) -7.1%, Strayer Education (NASDAQ:STRA) -1.7%, Lincoln Education (NASDAQ:LINC) -1.3%, Education Management (NASDAQ:EDMC) -4.1%, National American University Holdings (NASDAQ:NAUH) -1.8%, American Public Education (NASDAQ:APEI) -1.3%.
Apr. 27, 2015, 7:27 AM
- For-profit education stocks could see some volatility after Corinthian Colleges (NASDAQ:COCO) decides to shut down 28 schools in a move that will displace close to 10K students.
- The abrupt closure is receiving significant attention from student advocacy groups and increase the chances of politicians stepping into the for-profit fray.
- On watch: APOL, CECO, DV, STRA, ESI, LOPE, APEI, LINC, BPI, LRN, EDU, NAUH.
Mar. 31, 2015, 10:35 AM
- A group of Corinthian College (NASDAQ:COCO) students are attempting to back out of their student loan obligations after the company closed campuses to diminish the value of degrees from the institution.
- The students have some support from the CFPB in their bid for debt relief, although the federal agency won't advocate for non-payment.
- The development is another bright spotlight on a sector already reeling from enrollment losses.
- "I just turned 22 and I have this much debt and I have nothing to show for it," summed up one Corinthian student on her plight.
- On watch: Career Education (CECO -2.3%), ITT Educational Services (ESI -2.2%), Education Management (EDMC -7.3%), Strayer Education (STRA -1%), DeVry Education (DV -0.5%).
Mar. 27, 2015, 5:38 PM
Mar. 23, 2015, 7:11 PM
- Less than a year after being named Career Education's (NASDAQ:CECO) CFO, Reid Simpson is leaving to become the CFO of retail analytics provider ShopperTrak, effective March 31.
- David Rawden, a director at turnaround/restructuring advisory firm AlixPartners, will serve as interim CFO. A search for a permanent CFO will start after CECO names a new CEO to replace the departed Scott Steffey.
Mar. 12, 2015, 9:34 AM
- The Treasury Department and Department of Education are looking into a proposal to make it easier for student loans to be included in bankruptcies.
- Though the bankruptcy angle is only a small portion of the comprehensive Student Aid Bill of Rights aimed at the lending industry, it's expected to be one of the most controversial aspects of the proposed legislation.
- For-profit education stocks: APOL, CECO, COCO, DV, STRA, ESI, LOPE, APEI, LINC, BPI, LRN, EDU,
Mar. 4, 2015, 1:03 PM
- Career Education ((NASDAQ:CECO) +17.4%) skyrockets after reporting a better-than-anticipated bottom line for Q4.
- Total enrollment was down 2.8% to 41.4K during the quarter.
- The company cut its loss in the career colleges segment in half.
- Previously: Career Education reports Q4 results (Mar. 03 2015)
Career Education Corp. engages in the provision of educational services. It operates through the following segments: Colorado Technical University (CTU), American InterContinental University (AIU), Career Colleges, Culinary Arts, Transitional Schools, and Corporate and Other. The CTU segment... More
Industry: Education & Training Services
Country: United States
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