ITT Educational Services (ESI) Posts Q4 EPS of $0.44; Will Restate Certain Financials

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Go back to ITT Educational Services (ESI) Posts Q4 EPS of $0.44; Will Restate Certain Financials

Piper Jaffray Remains Sidelined as Cost Cuts Drive ITT Educational Services' (ESI) EPS Beat

March 15, 2016 7:42 AM EDT

Piper Jaffray reiterated a Neutral rating on ITT Educational Services (NYSE: ESI), and raised the price target to $4.75 (from $3.50), following the company's 4Q earnings report. 4Q Revenue of $202.4M was ahead of $201.5M estimates, driven by slightly better-than-anticipated new enrollments. EPS of $0.44, beat $0.09 estimates... More