Education Management Corp. (NASDAQ:EDMC) was downgraded by equities researchers at BMO Capital Markets to an “underperform” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
Shares of Education Management Corp. (NASDAQ:EDMC) opened at 15.302 on Friday. Education Management Corp. has a 1-year low of $2.87 and a 1-year high of $16.94. The stock has a 50-day moving average of $10.69 and a 200-day moving average of $7.76. The company’s market cap is $1.907 billion.
Education Management Corp. (NASDAQ:EDMC) last released its earnings data on Thursday, October 31st. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.09) by $0.02. The company had revenue of $580.40 million for the quarter, compared to the consensus estimate of $575.17 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts predict that Education Management Corp. will post $0.26 earnings per share for the current fiscal year.
EDMC has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Education Management Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 16th. They now have a $11.60 price target on the stock. Analysts at Barrington Research reiterated an “outperform” rating on shares of Education Management Corp. in a research note to investors on Tuesday, August 13th. They now have a $9.00 price target on the stock, up previously from $7.00. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Education Management Corp. currently has a consensus rating of “Hold” and a consensus target price of $7.15.
Education Management Corporation (NASDAQ:EDMC) is a provider of post-secondary education in North America, with approximately 151,200 enrolled students as of October 2011.
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