Adtalem Global Education Inc (ATGE) Releases Quarterly Earnings Results, Misses Estimates By $0.16 EPS

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.

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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.

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