Zacks: Analysts Anticipate Adtalem Global Education Inc (ATGE) Will Post Quarterly Sales of $434.88 Million

Equities analysts predict that Adtalem Global Education Inc (NYSE:ATGE) will report sales of $434.88 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Adtalem Global Education’s earnings, with the lowest sales estimate coming in at $433.75 million and the highest estimate coming in at $436.00 million. Adtalem Global Education posted sales of $456.35 million in the same quarter last year, which suggests a negative year over year growth rate of 4.7%. The firm is expected to report its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Adtalem Global Education will report full-year sales of $434.88 million for the current fiscal year, with estimates ranging from $1.73 billion to $1.76 billion. For the next year, analysts forecast that the business will post sales of $1.76 billion per share, with estimates ranging from $1.71 billion to $1.80 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.16). Adtalem Global Education had a net margin of 6.17% and a return on equity of 10.24%. The business had revenue of $421.03 million for the quarter, compared to analyst estimates of $428.00 million. During the same quarter last year, the firm posted $0.45 earnings per share. Adtalem Global Education’s revenue was down 6.4% on a year-over-year basis.

A number of brokerages have recently issued reports on ATGE. BidaskClub upgraded shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. BMO Capital Markets upped their target price on shares of Adtalem Global Education from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Adtalem Global Education from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Piper Jaffray Companies restated a “buy” rating and set a $59.00 target price on shares of Adtalem Global Education in a report on Monday, December 4th. Finally, ValuEngine cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Adtalem Global Education has a consensus rating of “Hold” and an average target price of $48.50.

Adtalem Global Education (NYSE ATGE) opened at $45.30 on Friday. The company has a market cap of $2,720.82, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.92 and a beta of 0.99. Adtalem Global Education has a 12-month low of $30.10 and a 12-month high of $45.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.20 and a quick ratio of 1.20.

In related news, insider Carlos Filgueiras sold 2,325 shares of Adtalem Global Education stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $36.92, for a total transaction of $85,839.00. Following the sale, the insider now directly owns 11,832 shares in the company, valued at approximately $436,837.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Donna Jennings sold 4,582 shares of Adtalem Global Education stock in a transaction that occurred 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 sale, the senior vice president now owns 16,794 shares in the company, valued at $755,730. The disclosure for this sale can be found here. Company insiders own 3.04% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in Adtalem Global Education during the 2nd quarter worth approximately $2,398,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Adtalem Global Education in the 2nd quarter valued at $422,000. Great West Life Assurance Co. Can bought a new stake in shares of Adtalem Global Education in the 2nd quarter valued at $1,309,000. Retirement Systems of Alabama bought a new stake in shares of Adtalem Global Education in the 2nd quarter valued at $2,788,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Adtalem Global Education in the 2nd quarter valued at $12,129,000.

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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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