Laureate Education Inc. (LAUR) Announces Earnings Results, Misses Expectations By $0.25 EPS
Laureate Education Inc. (NASDAQ:LAUR) issued its quarterly earnings results on Tuesday. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.25, Briefing.com reports. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.24 billion. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year.
Shares of Laureate Education (NASDAQ:LAUR) traded down 0.82% during mid-day trading on Tuesday, hitting $16.85. The company’s stock had a trading volume of 567,547 shares. Laureate Education has a 52-week low of $12.12 and a 52-week high of $18.96. The company has a market cap of $2.84 billion and a price-to-earnings ratio of 7.57. The stock’s 50 day moving average price is $17.59 and its 200 day moving average price is $15.26.
Several institutional investors have recently added to or reduced their stakes in LAUR. Nationwide Fund Advisors purchased a new position in Laureate Education during the first quarter valued at $146,000. Stifel Financial Corp purchased a new position in Laureate Education during the first quarter valued at $147,000. Strs Ohio purchased a new position in Laureate Education during the first quarter valued at $148,000. First Mercantile Trust Co. purchased a new position in Laureate Education during the second quarter valued at $150,000. Finally, Legal & General Group Plc boosted its position in Laureate Education by 61.2% in the second quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock valued at $150,000 after buying an additional 3,240 shares during the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/08/08/laureate-education-inc-nasdaqlaur-releases-quarterly-earnings-results-misses-expectations-by-0-24-eps.html.
Several analysts have issued reports on the company. Piper Jaffray Companies restated a “buy” rating and issued a $19.00 target price on shares of Laureate Education in a research note on Friday, July 21st. Stifel Nicolaus restated a “buy” rating and issued a $21.00 target price (up from $20.00) on shares of Laureate Education in a research note on Friday, July 7th. Finally, Zacks Investment Research lowered Laureate Education from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Laureate Education currently has a consensus rating of “Buy” and an average price target of $17.25.
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.
Receive News & Ratings for Laureate Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laureate Education Inc. and related companies with MarketBeat.com's FREE daily email newsletter.