William Blair Analysts Lower Earnings Estimates for Laureate Education Inc. (LAUR)
Laureate Education Inc. (NASDAQ:LAUR) – Research analysts at William Blair dropped their Q3 2017 earnings estimates for shares of Laureate Education in a research report issued on Monday. William Blair analyst B. Dobell now anticipates that the company will post earnings of ($0.51) per share for the quarter, down from their previous estimate of ($0.32). William Blair also issued estimates for Laureate Education’s FY2017 earnings at ($0.41) EPS and FY2018 earnings at $0.75 EPS.
LAUR has been the subject of a number of other reports. Zacks Investment Research raised Laureate Education from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Monday, May 1st. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of Laureate Education in a research report on Friday, July 7th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $19.00 price target on shares of Laureate Education in a research report on Friday, July 21st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.25.
Laureate Education (NASDAQ:LAUR) opened at 14.88 on Wednesday. The company’s 50-day moving average is $17.07 and its 200-day moving average is $15.28. The firm has a market capitalization of $2.51 billion and a P/E ratio of 20.99. Laureate Education has a one year low of $12.12 and a one year high of $18.96.
Laureate Education (NASDAQ:LAUR) last issued its earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.24 billion. The business’s quarterly revenue was up 3.7% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in Laureate Education during the second quarter worth approximately $122,000. Nationwide Fund Advisors acquired a new stake in shares of Laureate Education during the first quarter valued at about $146,000. Stifel Financial Corp acquired a new stake in shares of Laureate Education during the first quarter valued at about $147,000. Strs Ohio acquired a new stake in shares of Laureate Education during the first quarter valued at about $148,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of Laureate Education during the second quarter valued at about $150,000.
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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