$970.79 Million in Sales Expected for Laureate Education Inc (LAUR) This Quarter
Brokerages expect Laureate Education Inc (NASDAQ:LAUR) to post sales of $970.79 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Laureate Education’s earnings. The lowest sales estimate is $965.56 million and the highest is $979.00 million. The firm is scheduled to announce its next earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that Laureate Education will report full-year sales of $970.79 million for the current year, with estimates ranging from $4.35 billion to $4.40 billion. For the next year, analysts expect that the company will post sales of $4.59 billion per share, with estimates ranging from $4.52 billion to $4.69 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Laureate Education.
Laureate Education (NASDAQ:LAUR) last issued its earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.25. Laureate Education had a net margin of 9.17% and a return on equity of 13.83%. 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% on a year-over-year basis.
A number of analysts have recently issued reports on LAUR shares. Stifel Nicolaus reiterated a “buy” rating and set a $21.00 price objective (up previously from $20.00) on shares of Laureate Education in a research note on Friday, July 7th. Piper Jaffray Companies reiterated a “buy” rating and set a $19.00 price objective on shares of Laureate Education in a research note on Friday, July 21st. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $17.10.
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In other Laureate Education news, COO Ricardo M. Berckemeyer sold 47,983 shares of Laureate Education stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $14.29, for a total value of $685,677.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard J. Patro sold 16,383 shares of Laureate Education stock in a transaction on Monday, August 14th. The stock was sold at an average price of $15.21, for a total transaction of $249,185.43. The disclosure for this sale can be found here. 13.10% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in Laureate Education in the second quarter worth $122,000. Legal & General Group Plc boosted its holdings in Laureate Education by 61.2% in the second quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock worth $150,000 after purchasing an additional 3,240 shares during the period. First Mercantile Trust Co. acquired a new position in Laureate Education in the second quarter worth $150,000. Nationwide Fund Advisors acquired a new position in Laureate Education in the first quarter worth $146,000. Finally, Stifel Financial Corp acquired a new position in Laureate Education in the first quarter worth $147,000. 98.91% of the stock is owned by hedge funds and other institutional investors.
Laureate Education (NASDAQ:LAUR) opened at 14.58 on Friday. The firm has a market cap of $2.46 billion and a PE ratio of 235.16. Laureate Education has a one year low of $12.12 and a one year high of $18.96. The stock has a 50 day moving average of $15.59 and a 200 day moving average of $15.37.
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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