ITT EDUCATIONAL SERVICES INC
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Financials
SEC XBRL · annual| FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|---|---|
| Revenue | $230.0M | $237.9M | $1.07B | $1.29B | $1.50B | $1.60B |
| Operating income | $27.6M | $13.0M | $61.2M | $230.4M | $509.3M | $613.5M |
| Net income | $10.4M | $759,000 | −$27.0M | $139.0M | $309.1M | $374.2M |
| Total assets | $664.0M | $752.8M | $806.9M | $675.2M | $728.8M | $674.8M |
| Total liabilities | $502.9M | $610.8M | $691.2M | $549.4M | $560.0M | $546.7M |
| Equity | $161.1M | $142.1M | $115.6M | $125.8M | $169.1M | $127.0M |
| EPS (diluted) | $0.44 | $0.03 | $-1.15 | $5.79 | $11.18 | $11.17 |
| Shares out. | 23.6M | 23.4M | 23.3M | 26.2M | 30.0M | 33.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2015- Operating margin
- 12.0%
- Net margin
- 4.5%
- Return on equity
- 6.5%
- Return on assets
- 1.6%
- Return on capital (ROCE)
- 8.3%
- Liabilities / assets
- 75.7%
- Debt / equity
- 3.12×
- Book value / share
- $6.84
- Revenue growth (YoY)
- −3.3%
- Net income growth (YoY)
- 1276.4%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2015- Altman Z″ (distress)
- 4.60safe
- Accruals / assets
- −10.0%clean
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 4 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Oct 12, 2016
- NT 10-Qmissed a reporting deadline ↗May 12, 2015
- NT 10-Kmissed a reporting deadline ↗Mar 17, 2015
- NT 10-Kmissed a reporting deadline ↗Mar 4, 2014
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Zhang Yude10% owner | Aug 29, 2016 | Sell | 1.2M | $0.47 |
| Tarasi Rocco F IiiOfficer — EVP, Chief Financial Officer | Aug 6, 2016 | Tax withholding | 1,764 | $2.14 |
| Zhang Yude10% owner | Jul 27, 2016 | Buy | 114,188 | $2.10 |
| Zhang Yude10% owner | Jul 18, 2016 | Buy | 98,613 | $2.08 |
| Zhang Yude10% owner | Jul 1, 2016 | Buy | 206,092 | $1.94 |
| Dean John EOfficer — Executive Chairman | May 21, 2016 | Tax withholding | 1,063 | $2.51 |
| Modany Kevin MOfficer — CEO | May 9, 2016 | Tax withholding | 2,977 | $2.13 |
| Tarasi Rocco F IiiOfficer — EVP, Chief Financial Officer | May 9, 2016 | Tax withholding | 232 | $2.13 |
| Tanner Glenn EOfficer — EVP, Chief Marketing Officer | May 9, 2016 | Tax withholding | 473 | $2.13 |
| Mccormack June MOfficer — EVP & President Online Div | May 9, 2016 | Tax withholding | 477 | $2.13 |
| Knowlton Angela KOfficer — SVP, Controller & Treasurer | May 9, 2016 | Tax withholding | 209 | $2.13 |
| Feichtner Eugene WOfficer — President & COO | May 9, 2016 | Tax withholding | 477 | $2.13 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Director / officer changeSep 19, 2016
- Debt acceleration / triggering event · Other material eventSep 14, 2016
- Terminated a material agreement · Costs from exit or disposal · Material impairment · Delisting / listing-standard noticeSep 12, 2016
- Regulation FD disclosureSep 2, 2016
- Debt acceleration / triggering event · Regulation FD disclosureSep 1, 2016
- Other material eventAug 26, 2016
- Regulation FD disclosureAug 18, 2016
- Entered a material agreementAug 17, 2016
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SC 13G/AFeb 13, 2017
- SC 13G/AFeb 10, 2017
- SC 13G/ASCHEDULE 13G/ANov 10, 2016
- NT 10-QFORM 12B-25Oct 12, 2016
- 8-K/AFORM 8-K/ASep 26, 2016
- 25-NSESep 21, 2016
- 8-KFORM 8-KSep 19, 2016
- 8-KFORM 8-KSep 14, 2016
- 8-KFORM 8-KSep 12, 2016
- 8-KFORM 8-KSep 2, 2016
- 8-KFORM 8-KSep 1, 2016
- 4OWNERSHIP DOCUMENTAug 31, 2016
- SC 13D/AAMENDMENT NO. 5 TO SCHEDULE 13DAug 31, 2016
- SC 13D/AAMENDMENT NO. 4 TO SCHEDULE 13DAug 30, 2016
- 8-KFORM 8-KAug 26, 2016
Event-driven situations (1)
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