EDMC 2011- Education Management Corp (EDMC) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Education Management Corp (EDMC) announced its quarterly results on Wednesday. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.03. The company’s quarterly revenue was up 2.4% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Education Management Corp in a research note to investors on Thursday, September 15th. Analysts at Morgan Stanley (NYSE: MS) upgraded shares of Education Management Corp from an “underweight” rating to an “equal weight” rating in a research note to investors on Friday, September 2nd. They now have a $16.00 price target on the stock. Also, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Education Management Corp from $27.00 to $24.00 in a research note to investors on Wednesday, August 24th. They now have an “overweight” rating on the stock.

Shares of Education Management Corp (EDMC) traded down 0.26% during mid-day trading on Wednesday, hitting $19.52. Education Management Corp (EDMC) has a 52 week low of $9.76 and a 52 week high of $28.61. The stock’s 50-day moving average is $16.64 and its 200-day moving average is $20.05. The company has a market cap of $2.497 billion and a price-to-earnings ratio of 11.79.

Education Management Corporation (EDMC) is a provider of post-secondary education in North America, with approximately 136,000 enrolled students as of October 2009. The Company offers academic programs to its students through campus-based and online instruction, or through a combination of both. The Company’s educational institutions offer students the opportunity to earn undergraduate and graduate degrees, including doctoral degrees, and certain specialized non-degree diplomas in a range of disciplines. These disciplines include design, media arts, health sciences, psychology and behavioral sciences, culinary, fashion, business, legal, education and information technology. Each of its schools located in the United States is licensed or permitted to offer post-secondary programs in the state in which it is located, accredited by a national or regional accreditation agency and certified by the United States Department of Education.