Wall Street analysts forecast that Adtalem Global Education Inc (NYSE:ATGE) will report $0.76 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Adtalem Global Education’s earnings, with the lowest EPS estimate coming in at $0.72 and the highest estimate coming in at $0.79. Adtalem Global Education reported earnings per share of $0.85 in the same quarter last year, which indicates a negative year over year growth rate of 10.6%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 6th.
According to Zacks, analysts expect that Adtalem Global Education will report full year earnings of $2.84 per share for the current financial year, with EPS estimates ranging from $2.80 to $2.89. For the next fiscal year, analysts expect that the company will report earnings of $3.21 per share, with EPS estimates ranging from $3.12 to $3.28. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Adtalem Global Education.
Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.18). The company had revenue of $421.03 million during the quarter, compared to analyst estimates of $428.00 million. Adtalem Global Education had a net margin of 6.17% and a return on equity of 10.24%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS.
Several equities research analysts recently commented on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $49.00 target price on shares of Adtalem Global Education in a research note on Wednesday. BidaskClub upgraded Adtalem Global Education from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Piper Jaffray Companies restated a “buy” rating and issued a $59.00 target price on shares of Adtalem Global Education in a report on Monday, December 4th. Zacks Investment Research lowered Adtalem Global Education from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Adtalem Global Education in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $54.00.
Adtalem Global Education (ATGE) traded down $0.75 during midday trading on Thursday, reaching $45.60. The company had a trading volume of 675,100 shares, compared to its average volume of 886,609. Adtalem Global Education has a fifty-two week low of $30.15 and a fifty-two week high of $46.65. The firm has a market capitalization of $2,811.82, a PE ratio of 26.51, a P/E/G ratio of 1.98 and a beta of 0.98. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.08.
In other news, SVP Donna Jennings sold 4,582 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total transaction of $206,190.00. Following the transaction, the senior vice president now directly owns 16,794 shares of the company’s stock, valued at approximately $755,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Carlos Filgueiras sold 2,325 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $36.92, for a total value of $85,839.00. Following the transaction, the insider now directly owns 11,832 shares in the company, valued at $436,837.44. The disclosure for this sale can be found here. Corporate insiders own 3.04% of the company’s stock.
Hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Adtalem Global Education during the second quarter valued at about $229,924,000. Dimensional Fund Advisors LP bought a new stake in Adtalem Global Education in the second quarter worth about $200,183,000. Vanguard Group Inc. bought a new stake in Adtalem Global Education in the second quarter worth about $184,918,000. Fairpointe Capital LLC bought a new stake in shares of Adtalem Global Education during the second quarter valued at approximately $78,818,000. Finally, State Street Corp bought a new stake in shares of Adtalem Global Education during the second quarter valued at approximately $75,205,000.
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Adtalem Global Education Company Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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