Last $7.22 USD
Change Today -0.08 / -1.10%
Volume 123.7K
ESI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

itt educational services inc (ESI) Snapshot

Open
$7.25
Previous Close
$7.30
Day High
$7.45
Day Low
$7.21
52 Week High
03/4/14 - $31.80
52 Week Low
10/15/14 - $3.66
Market Cap
169.3M
Average Volume 10 Days
272.0K
EPS TTM
$-2.74
Shares Outstanding
23.4M
EX-Date
10/9/87
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ITT EDUCATIONAL SERVICES INC (ESI)

itt educational services inc (ESI) Details

itt Educational Services Inc. offers postsecondary-degree programs in the U.S. that provide diplomas as well as associate’s, bachelor’s, and master’s degrees in information technology, electronics technology, drafting and design, business, criminal justice, and health sciences. As of Mar. 22, the company operated 90 itt Technical Institutes in 33 states that primarily offer career-oriented degree programs to about 47,000 students. Headquartered in Carmel, Ind., itt was started in 1946.

4,900 Employees
Last Reported Date: 10/16/14
Founded in 1946

itt educational services inc (ESI) Top Compensated Officers

President and Chief Operating Officer
Total Annual Compensation: $309.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $391.9K
Executive Vice President and President of Onl...
Total Annual Compensation: $258.6K
Chief Marketing Officer and Executive Vice Pr...
Total Annual Compensation: $258.6K
Compensation as of Fiscal Year 2013.

itt educational services inc (ESI) Key Developments

Pomerantz LLP Files Class Action Lawsuit Against ITT Educational Services, Inc. and Certain of its Officers

Pomerantz LLP has filed class action lawsuit against ITT Educational Services Inc. and certain of its officers. The class action, filed in United States District Court, Southern District of Indiana, Indianapolis Division, and docketed under 14-cv-01651, is on behalf of a class consisting of all persons or entities who purchased ITT securities between April 26, 2013 and September 19, 2014, inclusive (the Class Period). This class action seeks to recover damages against defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the Exchange Act). The complaint alleges that throughout the class period, defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) ITT's financial statements contained errors related to the accounting of its PEAKS Trust and PEAKS Program; (2) the company lacked adequate internal controls over financial reporting; and (3) as a result of the foregoing, the company's financial statements were materially false and misleading at all relevant times.

ITT Educational Services Inc. Announces Resignation of PricewaterhouseCoopers LLP as Auditors

On October 29, 2014, ITT Educational Services Inc.'s independent registered public accounting firm, PricewaterhouseCoopers LLP (PWC"), notified the company that PWC will not stand for reappointment as the company's independent registered public accounting firm to audit the company's financial statements for the fiscal year ending December 31, 2014. As a result, PWC's engagement will end effective upon the company's filing of its quarterly reports on form 10-Q for the fiscal quarters ended March 31, 2014 and June 30, 2014.

Brower Piven Announces Class Action Lawsuit against ITT Educational Services Inc

Brower Piven announced that a class action lawsuit has been commenced in the United States District Court for the Southern District of Indiana on behalf of purchasers of ITT Educational Services Inc. securities during the period between February 26, 2013 and September 18, 2014, inclusive (the 'Class Period'). Investors who wish to become proactively involved in the litigation have until December 2, 2014 to seek appointment as lead plaintiff. The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that the Company's financial statements contained errors related to the accounting of the PEAKS Trust and PEAKS Program. According to the complaint, following the Company's announcement that it was withdrawing its 2014 financial forecast and investors should no longer rely upon it due to uncertainties surrounding the accounting of its PEAKS private student loan program, the June 24, 2014 disclosure that its quarterly reports for the first three quarters of 2013 should not be relied upon and had to be restated, and the September 19, 2014 revelation that the Company was notified by the Securities and Exchange Commission that it has made a preliminary determination to recommend an enforcement action against the Company concerning two private education loan programs for its students, the value of ITT shares declined significantly.

 

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ESI Competitors

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Company Last Change
Bridgepoint Education Inc $9.92 USD -0.05
Career Education Corp $5.13 USD -0.21
Corinthian Colleges Inc $0.02 USD +0.0011
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Monster Worldwide Inc $6.72 USD +0.04
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Industry Analysis

ESI

Industry Average

Valuation ESI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 1.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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