Brokers Set Expectations for Laureate Education Inc.’s Q2 2017 Earnings (LAUR)
Laureate Education Inc. (NASDAQ:LAUR) – Stock analysts at Barrington Research reduced their Q2 2017 earnings estimates for Laureate Education in a research report issued on Thursday. Barrington Research analyst A. Paris. Jr now forecasts that the company will post earnings of $0.57 per share for the quarter, down from their prior forecast of $0.62. Barrington Research also issued estimates for Laureate Education’s Q4 2017 earnings at $0.44 EPS.
Laureate Education (NASDAQ:LAUR) last posted its 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 business had revenue of $855.90 million during the quarter, compared to analysts’ expectations of $832 million. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year.
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Several other equities research analysts have also issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price target (up previously from $20.00) on shares of Laureate Education in a research note on Friday. Zacks Investment Research lowered Laureate Education from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, William Blair assumed coverage on Laureate Education in a research note on Monday, March 20th. They set a “market perform” rating for the company. Four equities research 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 a consensus price target of $17.25.
Laureate Education (LAUR) opened at 17.33 on Monday. The company has a market capitalization of $613.66 million and a P/E ratio of 7.02. The firm has a 50-day moving average price of $17.10 and a 200 day moving average price of $14.77. Laureate Education has a 52-week low of $12.12 and a 52-week high of $18.96.
Large investors have recently added to or reduced their stakes in the stock. Blair William & Co. IL bought a new stake in Laureate Education during the first quarter worth $313,000. Waterfront Capital Partners LLC bought a new stake in Laureate Education during the first quarter worth $4,048,000. Stifel Financial Corp bought a new stake in Laureate Education during the first quarter worth $147,000. JPMorgan Chase & Co. bought a new stake in Laureate Education during the first quarter worth $326,000. Finally, Hood River Capital Management LLC bought a new stake in Laureate Education during the first quarter worth $17,687,000. 95.74% of the stock is owned by institutional investors.
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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