Adtalem Global Education Inc (NASDAQ:ATGE) released its quarterly earnings results on Thursday. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.16), Briefing.com reports. The firm had revenue of $421.03 million for the quarter, compared to the consensus estimate of $428.00 million. Adtalem Global Education had a return on equity of 10.35% and a net margin of 9.76%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS.
Shares of Adtalem Global Education (NASDAQ:ATGE) opened at $35.65 on Friday.
ATGE has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. BMO Capital Markets restated a “market perform” rating and set a $35.00 price target (down previously from $40.00) on shares of Adtalem Global Education in a research report on Monday, August 21st. Finally, BidaskClub upgraded shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a research report on Thursday.
In other Adtalem Global Education news, insider John P. Roselli sold 2,327 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $33.99, for a total value of $79,094.73. Following the sale, the insider now directly owns 13,730 shares of the company’s stock, valued at approximately $466,682.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Eric P. Dirst sold 3,114 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $34.06, for a total transaction of $106,062.84. Following the completion of the sale, the insider now directly owns 14,800 shares in the company, valued at $504,088. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,328 shares of company stock worth $384,138.
About Adtalem Global Education
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.
What are top analysts saying about Adtalem Global Education Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Adtalem Global Education Inc and related companies.