Zacks: Analysts Anticipate Adtalem Global Education Inc (ATGE) Will Post Earnings of $0.96 Per Share

Equities research analysts expect Adtalem Global Education Inc (NYSE:ATGE) to announce earnings per share (EPS) of $0.96 for the current quarter, Zacks reports. Three analysts have made estimates for Adtalem Global Education’s earnings, with the lowest EPS estimate coming in at $0.95 and the highest estimate coming in at $0.97. Adtalem Global Education posted earnings per share of $0.86 during the same quarter last year, which suggests a positive year over year growth rate of 11.6%. The business is scheduled to announce its next earnings results on Thursday, August 15th.

On average, analysts expect that Adtalem Global Education will report full-year earnings of $2.83 per share for the current fiscal year, with EPS estimates ranging from $2.82 to $2.84. For the next year, analysts anticipate that the business will post earnings of $3.10 per share, with EPS estimates ranging from $3.05 to $3.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Thursday, May 2nd. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. The firm had revenue of $308.61 million during the quarter, compared to analyst estimates of $315.35 million. Adtalem Global Education had a net margin of 8.83% and a return on equity of 11.38%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS.

A number of research analysts have issued reports on ATGE shares. Barrington Research restated a “buy” rating and set a $55.00 target price on shares of Adtalem Global Education in a research report on Thursday, May 16th. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. ValuEngine downgraded shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $50.00 price objective on shares of Adtalem Global Education in a research note on Wednesday, May 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Adtalem Global Education presently has a consensus rating of “Buy” and a consensus target price of $55.60.

Adtalem Global Education stock traded up $0.34 during trading hours on Thursday, hitting $43.78. The company had a trading volume of 4,495 shares, compared to its average volume of 336,433. Adtalem Global Education has a one year low of $42.36 and a one year high of $58.80. The stock has a market cap of $2.47 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.16 and a beta of 0.86. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.

In related news, insider Patrick J. Unzicker sold 2,953 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $43.07, for a total value of $127,185.71. Following the completion of the transaction, the insider now owns 36,070 shares of the company’s stock, valued at approximately $1,553,534.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.91% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Penserra Capital Management LLC bought a new stake in shares of Adtalem Global Education in the fourth quarter valued at approximately $28,000. Fort L.P. purchased a new position in Adtalem Global Education during the fourth quarter valued at approximately $54,000. Marshall Wace North America L.P. purchased a new position in Adtalem Global Education during the first quarter valued at approximately $56,000. Enlightenment Research LLC purchased a new position in Adtalem Global Education during the fourth quarter valued at approximately $76,000. Finally, Bank of Montreal Can grew its stake in Adtalem Global Education by 17.8% during the fourth quarter. Bank of Montreal Can now owns 2,681 shares of the company’s stock valued at $126,000 after acquiring an additional 405 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.

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Earnings History and Estimates for Adtalem Global Education (NYSE:ATGE)

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