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Last €3.25 EUR
Change Today -0.029 / -0.88%
Volume 0.0
CE1 On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 2:22 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

career education corp (CE1) Snapshot

Open
€3.11
Previous Close
€3.28
Day High
€3.25
Day Low
€3.11
52 Week High
01/2/15 - €5.78
52 Week Low
08/4/15 - €2.80
Market Cap
221.0M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
67.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CAREER EDUCATION CORP (CE1)

career education corp (CE1) Related Businessweek News

No Related Businessweek News Found

career education corp (CE1) Details

Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, on-ground, and hybrid learning program offerings in the United States. The company operates through four segments: Colorado Technical University (CTU), American InterContinental University (AIU), Career Colleges, and Transitional Group. Its institutions include CTU, AIU, Briarcliffe College, Brooks Institute, Harrington College of Design, Missouri College, and Sanford-Brown Institutes and Colleges. The company offers doctoral, master’s, bachelor’s, and associate degrees, as well as diploma and certificate programs. It provides academic programs in the career-oriented disciplines of business studies, information systems and technologies, criminal justice, computer science and engineering, health sciences, and design technologies, as well as visual communications, fashion design, photography, interior design, graphic design, and video production through campus based and online education. As of December 31, 2014, the company had a total student enrollment of approximately 41,400 students. Career Education Corporation was founded in 1994 and is based in Schaumburg, Illinois.

4,214 Employees
Last Reported Date: 03/3/15
Founded in 1994

career education corp (CE1) Top Compensated Officers

Chief University Education Officer and Senior...
Total Annual Compensation: $511.5K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $507.2K
Chief Transformation Officer and Senior Vice ...
Total Annual Compensation: $377.1K
Compensation as of Fiscal Year 2014.

career education corp (CE1) Key Developments

Career Education Corp. Receives Request for Information Pursuant to Civil Investigative Demand from the U.S. Federal Trade Commission

On August 20, 2015, Career Education Corporation received a request for information pursuant to a Civil Investigative Demand from the U.S. Federal Trade Commission. The request was made pursuant to a November 2013 resolution by the FTC directing an investigation to determine whether unnamed persons, partnerships, corporations, or others have engaged or are engaging in deceptive or unfair acts or practices in or affecting commerce in the advertising, marketing or sale of secondary or postsecondary educational products or services, or educational accreditation products or services. The information request requires the company to provide documents and information regarding a broad spectrum of the business and practices of its subsidiaries and institutions for the time period of January 1, 2010 to the present. The company is evaluating the request and intends to cooperate with the FTC. No assurance can be given regarding the timing or outcome of this inquiry.

Career Education Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Asset Impairment for the Second Quarter of 2015; Provides Earnings Guidance for the Year 2016

Career Education Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $174,780,000 against $186,172,000 against a year ago. Operating loss was $9,332,000 against $11,251,000 against a year ago. Pretax loss was $10,218,000 against $11,664,000 against a year ago. Loss from continuing operations was $9,471,000 against $13,518,000 against a year ago. Net loss was $20,723,000 against $46,564,000 against a year ago. Diluted loss from continuing operations was $0.14 against $0.20 a year ago. Net loss per share was $0.31 against $0.69 a year ago. Consolidated Adjusted EBITDA was $4,228,000 against $19,551,000 against a year ago. Net cash used in operating activities improved to $6.4 million for the second quarter of 2015, compared to $45.9 million in the prior year quarter. Capital expenditures decreased to $1.6 million compared to $3.6 million a year ago. For the six months, the company reported total revenue of $357,082,000 against $384,326,000 against a year ago. Operating loss was $33,933,000 against $33,200,000 against a year ago. Pretax loss was $35,208,000 against $33,106,000 against a year ago. Loss from continuing operations was $34,250,000 against $35,180,000 against a year ago. Net loss was $45,604,000 against $104,707,000 against a year ago. Diluted loss from continuing operations was $0.51 against $0.52 a year ago. Net loss per share was $0.67 against $1.56 a year ago. Net cash used in operating activities was $26,595,000 against $81,285,000 against a year ago. Purchases of property and equipment were $4,994,000 against $7,031,000 against a year ago. Asset impairment charges of $1.7 million were recorded during the second quarter of 2015. The company expects total operating margins to increase to mid-single digits in 2016 as it continue to make progress toward competitive operating margins.

Career Education Corporation Announces Management Changes, Effective August 12, 2015

Career Education Corporation announced that Todd Nelson has been selected to become its President and Chief Executive Officer. Mr. Nelson is expected to join the company on August 12, 2015 and will also be appointed to the Career Education Board of Directors. Mr. Nelson’s career includes leadership of several of the education companies in the US. He served as Chief Executive Officer and a director of Education Management Corporation, where he ultimately served as Chairman of the Board. Prior to his service at Education Management Corporation, Mr. Nelson held several roles of increasing responsibility at the University of Phoenix and Apollo Group Inc. (now known as Apollo Education Group Inc.), including serving as the Chairman, President and Chief Executive Officer of Apollo. Ron McCray, Chairman and Interim CEO, will maintain his role as Chairman of the Board upon the relinquishment of his Interim CEO responsibilities when Mr. Nelson’s employment with the Company commences.

 

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CE1 Competitors

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Company Last Change
American Public Education Inc $21.93 USD -0.43
Bridgepoint Education Inc $8.08 USD -0.10
ITT Educational Services Inc $3.81 USD -0.02
Strayer Education Inc $52.24 USD -0.63
Universal Technical Institute Inc $4.46 USD -0.03
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CE1

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Valuation CE1 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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