Laureate Education Inc. (NASDAQ:LAUR) announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.25, Briefing.com reports. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.24 billion. Laureate Education’s revenue was up 3.7% compared to the same quarter last year.
Laureate Education (NASDAQ:LAUR) opened at 14.16 on Friday. The company has a market cap of $2.39 billion and a PE ratio of 19.97. Laureate Education has a 52-week low of $12.12 and a 52-week high of $18.96. The firm’s 50 day moving average is $16.72 and its 200 day moving average is $15.26.
In other Laureate Education news, CEO Richard J. Patro sold 16,383 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $15.21, for a total value of $249,185.43. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.10% of the stock is currently owned by corporate insiders.
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A number of research analysts have recently commented on LAUR shares. Zacks Investment Research upgraded Laureate Education from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, May 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $19.00 price target on shares of Laureate Education in a research note on Friday, July 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of Laureate Education in a research note on Friday, July 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.25.
About Laureate Education
Laureate Education, Inc operates a network of degree-granting higher education institution. The Company operates in four segments: Latin America (LatAm); Europe; Asia, Middle East and Africa (AMEA), and Global Products and Services (GPS). The Company’s network includes approximately 70 institutions in over 25 countries on over 200 campuses, which the Company collectively refer to as the Laureate International Universities network.
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