ITT Educational Services (ESI) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.15. The company posted revenue of $191.50 million in the period, compared to analysts expectations of $189.40 million. The company’s revenue was down -16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
ITT Educational Services opened for trading at $2.41 and hit $2.605 on the upside on Wednesday, eventually ending the session at $2.56, with a gain of 7.11% or 0.17 points. The heightened volatility saw the trading volume jump to 5,91,759 shares. Company has a market cap of $61 M.
ITT Educational Services Inc. is a provider of postsecondary degree programs in the United States. The Company had approximately 144 college locations in 39 states and offered one or more of its online programs to students who are located in all 50 states. The Company offers master bachelor and associate degree programs to around 53000 students and short-term information technology and business learning solutions for career advancers and other professionals. The Company designs its education programs after consultation with employers and other constituents to allow graduates prepare for careers in different fields involving their areas of study. The Company provides career-oriented education programs under the ITT Technical Institute name and the Daniel Webster College name. The Company’s education programs also include general education courses in the humanities composition mathematics the sciences and the social sciences.