Equities analysts expect Adtalem Global Education Inc (NYSE:ATGE) to post $352.49 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Adtalem Global Education’s earnings, with the lowest sales estimate coming in at $350.98 million and the highest estimate coming in at $353.50 million. Adtalem Global Education reported sales of $451.47 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 21.9%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 16th.
On average, analysts expect that Adtalem Global Education will report full year sales of $1.36 billion for the current financial year. For the next fiscal year, analysts anticipate that the company will report sales of $1.41 billion per share, with estimates ranging from $1.39 billion to $1.43 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Adtalem Global Education.
Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $342.19 million during the quarter, compared to the consensus estimate of $342.79 million. Adtalem Global Education had a net margin of 0.89% and a return on equity of 10.06%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share.
A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Monday, June 11th. First Analysis upped their price objective on shares of Adtalem Global Education to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 29th. ValuEngine upgraded shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Barrington Research reiterated an “outperform” rating and issued a $57.00 price objective on shares of Adtalem Global Education in a research report on Friday, May 4th. They noted that the move was a valuation call. Finally, BMO Capital Markets upgraded shares of Adtalem Global Education from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday, May 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $52.80.
In related news, SVP Christopher C. Nash sold 5,450 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $46.76, for a total transaction of $254,842.00. Following the completion of the transaction, the senior vice president now owns 13,787 shares in the company, valued at approximately $644,680.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Donna Jennings sold 3,918 shares of the company’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $50.00, for a total transaction of $195,900.00. Following the transaction, the insider now owns 12,815 shares of the company’s stock, valued at approximately $640,750. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,248 shares of company stock valued at $1,333,760. Insiders own 3.04% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. acquired a new position in shares of Adtalem Global Education during the 4th quarter worth about $207,000. BlueCrest Capital Management Ltd purchased a new stake in Adtalem Global Education during the 4th quarter valued at about $209,000. Xact Kapitalforvaltning AB purchased a new stake in Adtalem Global Education during the 4th quarter valued at about $239,000. Bayesian Capital Management LP purchased a new stake in Adtalem Global Education during the 1st quarter valued at about $268,000. Finally, Evergreen Capital Management LLC purchased a new stake in Adtalem Global Education during the 1st quarter valued at about $313,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.
Shares of Adtalem Global Education stock remained flat at $$46.80 during trading hours on Friday. 270,091 shares of the company’s stock were exchanged, compared to its average volume of 478,071. The firm has a market capitalization of $2.88 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.31 and a beta of 0.91. Adtalem Global Education has a 1-year low of $30.15 and a 1-year high of $50.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42.
Adtalem Global Education Company Profile
Adtalem Global Education Inc provides educational services worldwide. It operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and U.S. Traditional Postsecondary. The Medical and Healthcare segment operates Chamberlain University, which provides pre and post-licensure bachelor's, master's, and doctorate degree programs in nursing through campus and online; American University of the Caribbean School of Medicine and Ross University School of Medicine, which provide medical education; and Ross University School of Veterinary Medicine that offers veterinary education.
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