Laureate Education Inc. (NASDAQ:LAUR) Expected to Post Earnings of $0.54 Per Share
Brokerages predict that Laureate Education Inc. (NASDAQ:LAUR) will post earnings of $0.54 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Laureate Education’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.44. The business is expected to issue its next earnings report on Thursday, August 10th.
On average, analysts expect that Laureate Education will report full-year earnings of $0.15 per share for the current year, with EPS estimates ranging from ($0.06) to $0.31. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.72 per share, with EPS estimates ranging from $0.56 to $0.89. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Laureate Education.
Laureate Education (NASDAQ:LAUR) last released its quarterly earnings results on Thursday, May 11th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of ($0.95) by $0.10. The company had revenue of $855.90 million during the quarter, compared to analysts’ expectations of $832 million. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year.
LAUR has been the topic of a number of analyst reports. Zacks Investment Research raised Laureate Education from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Monday, May 1st. William Blair initiated coverage on Laureate Education in a report on Monday, March 20th. They set a “market perform” rating on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and set a $21.00 price objective (up previously from $20.00) on shares of Laureate Education in a report on Friday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $17.25.
Laureate Education (NASDAQ:LAUR) traded up 0.70% during trading on Friday, reaching $17.33. The company had a trading volume of 341,367 shares. Laureate Education has a 12 month low of $12.12 and a 12 month high of $18.96. The stock has a 50 day moving average of $17.10 and a 200-day moving average of $14.77. The company has a market capitalization of $613.66 million and a P/E ratio of 7.02.
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A number of hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors acquired a new stake in shares of Laureate Education during the first quarter valued at $146,000. Stifel Financial Corp acquired a new stake in shares of Laureate Education during the first quarter valued at $147,000. Strs Ohio acquired a new stake in shares of Laureate Education during the first quarter valued at $148,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Laureate Education during the first quarter valued at $241,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Laureate Education during the first quarter valued at $241,000. Hedge funds and other institutional investors own 95.74% of the company’s stock.
Laureate Education Company Profile
Laureate Education, Inc operates a network of degree-granting higher education institution. The Company operates in four segments: Latin America (LatAm); Europe; Asia, Middle East and Africa (AMEA), and Global Products and Services (GPS). The Company’s network includes approximately 70 institutions in over 25 countries on over 200 campuses, which the Company collectively refer to as the Laureate International Universities network.
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