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ITT Educational Services
Shares of Angie's List, ITT skyrocket after reports
April 26, 2013
IBJ Staff and Associated PressIn the heart of a mediocre earnings season for public companies, Indianapolis-based firms Angie's List and ITT Educational
Services on Thursday shot to the top of the stock ticker.
MoreSinking enrollment still a drag on ITT Educational
April 25, 2013
IBJ StaffProfit and revenue fell dramatically in the first quarter as students continued to steer away from the Carmel company, one
of the country's largest for-profit colleges.
MorePROXY CORNER: ITT Educational Services
March 30, 2013
Carmel-based ITT Educational Services Inc. provides technology-oriented, post-secondary education, including associate’s,
bachelor’s and master’s degrees as well as non-degree programs.
MoreITT Educational shares sink after SEC seeks loan documents
February 25, 2013
Bloomberg NewsShares of ITT Educational Services Inc., one of the country's largest for-profit colleges, tumbled nearly 17 percent Monday
after it disclosed that U.S. regulators subpoenaed documents related to private loan programs for its students.
MoreCEO convinces investors that ITT is on the rebound
January 24, 2013
J.K. WallFor a guy whose company's stock price has lost 75 percent of its value, Kevin Modany, the CEO of ITT Educational Services
Inc., sounds pretty upbeat. And it seemed to rub off on investors Thursday.
MoreITT suffers tough quarter on enrollment drop, loan losses
January 24, 2013
J.K. WallITT Educational Services Inc. shares swooned Thursday morning after the private educator reported sinking revenue and a $9.5
million loss in the fourth quarter. But the stock rebounded strongly later Thursday.
MoreITT agrees to pay Sallie Mae $46M to settle suit
January 7, 2013
Scott OlsonWall Street reacted unfavorably to the settlement Monday, as ITT shares fell as much as 22 percent, to $15 a share. Shares
traded for more than $66 about 10 months ago.
MoreProfit tumbles 36 percent at ITT as enrollment craters
October 25, 2012
J.K. WallITT Educational Services Inc. will not close any of its campuses in response to plummeting student enrollment, but it likely
will spend more of its own money to give scholarships to students, company officials said Thursday.
MoreNew student-loan effort adding to ITT backlash
August 11, 2012
Greg AndrewsFor-profit school operator ITT Educational Services Inc. told investors late last month that it had worked out a tentative
deal with an outside party that would provide $100 million in loans to its students.
MoreDemocratic report blasts for-profit colleges; ITT stock sinks
July 30, 2012
Bloomberg News, Associated PressFor-profit colleges put revenues above education, and charge students high tuition and loan rates that could leave them in
debt for years, a Senate Democratic report said Monday. Stock in for-profit colleges tumbled after the report.
MoreITT stock sinks after profit plunges 42 percent
July 26, 2012
J.K. WallITT Educational Services Inc.'s stock took a licking Thursday after its quarterly earnings report badly missed expectations
of Wall Street analysts.
MoreLargest Indiana public companies mostly fared well in 2011
June 16, 2012
Performance varied widely as industries ebbed, flowed.
MoreProfit plummets at ITT Educational, but tops analyst expectations
April 26, 2012
J.K. WallFirst-quarter profit and revenue plunged at Carmel-based ITT Educational Services Inc. as enrollment of new students declined
for the seventh straight quarter.
MoreJudge slaps down attorneys behind ITT fraud lawsuit
April 21, 2012
Greg AndrewsJudge Tanya Walton Pratt late last month granted ITT’s motion for attorney’s fees and sanctions against Mississippi
attorney Timothy Matusheski, as well as two law firms that worked with him on the case—Motley Rice LLC in Los Angeles
and Plews Shadley Racher & Braun LLP in Indianapolis.
MoreColleges could be banned from using tax funds for marketing
April 19, 2012
Bloomberg NewsFor-profit U.S. colleges, including Carmel-based ITT Educational Services Inc., would be barred from spending federal taxpayer
money on advertising, marketing and recruiting under a Senate bill targeting the education-based businesses.
MoreFor-profit colleges lose incentive to target vets under bills
February 16, 2012
Bloomberg NewsFor-profit college operators such as Carmel-based ITT Educational Services Inc.would lose a financial incentive to enroll
soldiers and veterans under U.S. Senate and House bills aimed at curbing what sponsors call aggressive marketing of subpar
programs.
MoreITT Educational's profit plunges, but tops analyst expectations
January 26, 2012
J.K. WallThe Carmel-based operator of for-profit colleges earned $76 million in the quarter compared with $97.5 million in the same
quarter of 2010. Revenue fell 10 percent.
MoreFor-profit colleges face curbs on aid in new veterans bill
January 23, 2012
For-profit colleges like Carmel-based ITT Educational Services would be forced to rely less on federal money under a bill
aimed at curbing the marketing of degrees to soldiers and veterans.
MoreITT Educational’s enrollment, profit fall again
October 20, 2011
The Carmel-based operator of for-profit colleges posted a 27.8-percent drop in earnings while new-student enrollment fell
14.1 percent.
MoreU.S. student-loan default rates jump sharply
September 13, 2011
Associated PressThe national two-year default rate rose to 8.8 percent last year, from 7 percent in fiscal 2008, according to the Department
of Education. Driving the increase was an especially sharp increase among students who borrow from the government to attend
for-profit colleges.
MoreITT Educational continues enrollment, profit slide
July 21, 2011
IBJ StaffIn the second quarter, the Carmel-based operator of for-profit colleges saw enrollment drop 19.9 percent and profit sink 17.7
percent. But the company posted strong earnings per share by continuing to buy back shares.
MoreITT Educational's stock price leaps as feds ease crackdown
June 2, 2011
IBJ Staff and Bloomberg NewsThe Obama administration gave for-profit colleges more time to comply with rules that will cut off federal aid to institutions
whose students struggle the most to repay their government loans.
MoreFirms' faith in stock buybacks not always well-placed
May 7, 2011
Greg AndrewsThe ultimate test of whether buybacks are good deals for shareholders hinges on whether the price paid for the stock proves
over time to have been a bargain or inflated.
MoreEnrollment, profit fall at ITT Educational
April 21, 2011
J.K. WallThe Carmel-based operator of for-profit colleges earned $85.4 million in the three months ended March 31, a 2.4-percent decline
from the same quarter a year ago.
MoreShares of embattled ITT may not have hit bottom
April 16, 2011
Greg AndrewsSome analysts believe the thrashing ITT investors have taken since the federal government unveiled a tougher regulatory scheme
for for-profit schools a year ago is only the start.
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If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.
John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.
I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.
Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.
David Copperfield!