Brokerages Expect Laureate Education Inc (LAUR) Will Post Earnings of $0.26 Per Share

Wall Street analysts expect Laureate Education Inc (NASDAQ:LAUR) to report earnings per share of $0.26 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Laureate Education’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.25. Laureate Education reported earnings of $0.48 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 45.8%. The business is expected to announce its next earnings results on Tuesday, March 19th.

On average, analysts expect that Laureate Education will report full-year earnings of $2.00 per share for the current year. For the next financial year, analysts expect that the business will report earnings of $0.43 per share, with EPS estimates ranging from $0.35 to $0.56. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Laureate Education.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Thursday, November 8th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.04. Laureate Education had a return on equity of 14.99% and a net margin of 11.83%. The company had revenue of $787.10 million during the quarter, compared to analysts’ expectations of $929.30 million. During the same period in the prior year, the business earned ($1.02) earnings per share. Laureate Education’s revenue for the quarter was down 3.8% compared to the same quarter last year.

Several equities research analysts have recently weighed in on LAUR shares. ValuEngine cut Laureate Education from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Barrington Research reissued a “buy” rating and issued a $20.00 price objective on shares of Laureate Education in a research report on Friday, August 10th. Citigroup increased their price objective on Laureate Education from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. Barclays reaffirmed a “hold” rating and issued a $17.00 target price on shares of Laureate Education in a research report on Friday, August 10th. Finally, Zacks Investment Research cut Laureate Education from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $18.44.

In other Laureate Education news, CEO Paula R. Singer sold 7,703 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $14.14, for a total transaction of $108,920.42. Following the completion of the transaction, the chief executive officer now directly owns 52,958 shares in the company, valued at $748,826.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alberta Lp Wengen sold 14,087,500 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $13.44, for a total value of $189,336,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,110,609 shares of company stock valued at $189,677,551. 4.59% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates raised its stake in Laureate Education by 5.2% during the second quarter. Raymond James & Associates now owns 95,215 shares of the company’s stock worth $1,364,000 after acquiring an additional 4,738 shares in the last quarter. Legal & General Group Plc raised its stake in Laureate Education by 63.8% during the third quarter. Legal & General Group Plc now owns 13,423 shares of the company’s stock worth $207,000 after acquiring an additional 5,230 shares in the last quarter. Chicago Equity Partners LLC raised its stake in Laureate Education by 2.2% during the third quarter. Chicago Equity Partners LLC now owns 289,965 shares of the company’s stock worth $4,477,000 after acquiring an additional 6,210 shares in the last quarter. Swiss National Bank raised its stake in Laureate Education by 10.0% during the second quarter. Swiss National Bank now owns 94,300 shares of the company’s stock worth $1,351,000 after acquiring an additional 8,600 shares in the last quarter. Finally, Blair William & Co. IL acquired a new position in Laureate Education during the third quarter worth $156,000. Hedge funds and other institutional investors own 35.68% of the company’s stock.

LAUR opened at $15.46 on Friday. Laureate Education has a 1-year low of $11.98 and a 1-year high of $17.15. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $3.30 billion, a PE ratio of -12.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.

Laureate Education Company Profile

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.

Read More: What is a Swap?

Get a free copy of the Zacks research report on Laureate Education (LAUR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Laureate Education (NASDAQ:LAUR)

Receive News & Ratings for Laureate Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laureate Education and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit