Laureate Education Inc. (LAUR) Set to Announce Quarterly Earnings on Wednesday

Laureate Education Inc. (NASDAQ:LAUR) is set to issue its quarterly earnings data after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of ($0.61) per share for the quarter.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.25). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.24 billion. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts expect Laureate Education to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Laureate Education Inc. (NASDAQ:LAUR) traded up $0.25 during trading on Monday, reaching $13.50. The company had a trading volume of 120,994 shares, compared to its average volume of 317,472. Laureate Education Inc. has a 1-year low of $12.12 and a 1-year high of $18.96. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 2.33.

Several research analysts have weighed in on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $19.00 price objective on shares of Laureate Education in a research report on Friday, July 21st. Zacks Investment Research cut Laureate Education from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Laureate Education presently has an average rating of “Buy” and a consensus target price of $17.28.

In other news, COO Ricardo M. Berckemeyer sold 47,983 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total transaction of $685,677.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard J. Patro sold 16,383 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $15.21, for a total value of $249,185.43. The disclosure for this sale can be found here. 13.10% of the stock is owned by corporate insiders.

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Laureate Education Company Profile

Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).

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