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

Wall Street analysts expect Adtalem Global Education Inc (NYSE:ATGE) to report $0.96 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued 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 reported earnings of $0.86 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.6%. The firm is scheduled to announce its next quarterly 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 financial year, with EPS estimates ranging from $2.82 to $2.84. For the next financial year, analysts anticipate that the company will post earnings of $3.10 per share, with EPS estimates ranging from $3.05 to $3.19. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Adtalem Global Education.

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

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. Barrington Research reissued a “buy” rating and issued a $55.00 target price on shares of Adtalem Global Education in a research note on Thursday, May 16th. BMO Capital Markets reissued an “outperform” rating and issued a $50.00 target price on shares of Adtalem Global Education in a research note on Wednesday, May 15th. Finally, ValuEngine cut shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $55.60.

In other Adtalem Global Education news, insider Patrick J. Unzicker sold 2,953 shares of Adtalem Global Education stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $43.07, for a total transaction of $127,185.71. Following the completion of the transaction, the insider now directly owns 36,070 shares of the company’s stock, valued at $1,553,534.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.91% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ATGE. Man Group plc lifted its holdings in shares of Adtalem Global Education by 4.7% during the first quarter. Man Group plc now owns 160,344 shares of the company’s stock worth $7,426,000 after buying an additional 7,204 shares in the last quarter. SEI Investments Co lifted its holdings in shares of Adtalem Global Education by 14.3% during the first quarter. SEI Investments Co now owns 160,019 shares of the company’s stock worth $7,386,000 after buying an additional 19,999 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Adtalem Global Education by 0.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,000,476 shares of the company’s stock worth $92,662,000 after buying an additional 9,460 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Adtalem Global Education by 6.8% during the first quarter. Geode Capital Management LLC now owns 668,055 shares of the company’s stock worth $30,944,000 after buying an additional 42,447 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Adtalem Global Education by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 580,711 shares of the company’s stock worth $26,899,000 after buying an additional 12,115 shares in the last quarter. 96.83% of the stock is owned by hedge funds and other institutional investors.

NYSE:ATGE opened at $43.24 on Thursday. Adtalem Global Education has a 1-year low of $42.36 and a 1-year high of $58.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market capitalization of $2.45 billion, a P/E ratio of 15.55, a PEG ratio of 1.15 and a beta of 0.86.

About Adtalem Global Education

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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