Adtalem Global Education Inc (NYSE:ATGE) Expected to Post Quarterly Sales of $261.95 Million

Equities research analysts predict that Adtalem Global Education Inc (NYSE:ATGE) will post $261.95 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Adtalem Global Education’s earnings, with the lowest sales estimate coming in at $260.00 million and the highest estimate coming in at $263.89 million. Adtalem Global Education reported sales of $316.59 million in the same quarter last year, which indicates a negative year over year growth rate of 17.3%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 6th.

On average, analysts expect that Adtalem Global Education will report full-year sales of $1.07 billion for the current year. For the next financial year, analysts forecast that the business will report sales of $1.13 billion, with estimates ranging from $1.10 billion to $1.15 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.12). Adtalem Global Education had a return on equity of 11.44% and a net margin of 9.84%. The firm had revenue of $254.60 million for the quarter, compared to analyst estimates of $301.66 million. During the same period last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year.

A number of research firms recently weighed in on ATGE. TheStreet downgraded Adtalem Global Education from a “b-” rating to a “c” rating in a research note on Tuesday, October 29th. Robert W. Baird set a $42.00 price objective on Adtalem Global Education and gave the stock a “hold” rating in a report on Monday, October 21st. Barrington Research reissued a “buy” rating on shares of Adtalem Global Education in a report on Thursday, October 31st. Zacks Investment Research lowered Adtalem Global Education from a “hold” rating to a “sell” rating and set a $44.00 price objective for the company. in a report on Wednesday, September 18th. Finally, Sidoti started coverage on Adtalem Global Education in a report on Thursday, September 12th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Adtalem Global Education currently has an average rating of “Hold” and a consensus price target of $49.75.

In other Adtalem Global Education news, insider Holland Katherine Alice Boden bought 2,000 shares of Adtalem Global Education stock in a transaction dated Monday, November 11th. The stock was bought at an average cost of $31.99 per share, with a total value of $63,980.00. Following the completion of the acquisition, the insider now directly owns 16,367 shares in the company, valued at approximately $523,580.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Patrick J. Unzicker sold 2,297 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $45.40, for a total value of $104,283.80. Following the completion of the transaction, the insider now directly owns 32,908 shares of the company’s stock, valued at $1,494,023.20. The disclosure for this sale can be found here. Insiders own 1.46% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia grew its holdings in shares of Adtalem Global Education by 45.2% in the second quarter. Commonwealth Bank of Australia now owns 8,564 shares of the company’s stock valued at $385,000 after acquiring an additional 2,664 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in Adtalem Global Education by 6.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 331,601 shares of the company’s stock valued at $14,939,000 after purchasing an additional 20,000 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Adtalem Global Education by 5.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 60,820 shares of the company’s stock valued at $2,740,000 after purchasing an additional 3,380 shares during the period. First Trust Advisors LP bought a new position in Adtalem Global Education during the second quarter valued at $2,116,000. Finally, UBS Asset Management Americas Inc. grew its holdings in Adtalem Global Education by 0.6% during the second quarter. UBS Asset Management Americas Inc. now owns 304,644 shares of the company’s stock valued at $13,724,000 after purchasing an additional 1,767 shares during the period. 98.75% of the stock is owned by institutional investors.

ATGE stock traded up $0.48 during trading on Friday, reaching $33.60. 706,177 shares of the stock were exchanged, compared to its average volume of 721,460. The firm’s 50 day moving average is $35.06 and its 200 day moving average is $42.61. Adtalem Global Education has a twelve month low of $27.58 and a twelve month high of $58.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39. The firm has a market cap of $1.82 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82.

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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