Q3 2017 Earnings Estimate for Laureate Education Inc. Issued By Barrington Research (LAUR)
Laureate Education Inc. (NASDAQ:LAUR) – Investment analysts at Barrington Research cut their Q3 2017 earnings estimates for shares of Laureate Education in a research report issued on Monday. Barrington Research analyst A. Paris. Jr now anticipates that the company will post earnings of ($0.86) per share for the quarter, down from their prior forecast of ($0.65). Barrington Research also issued estimates for Laureate Education’s Q4 2017 earnings at $0.12 EPS, FY2017 earnings at ($1.46) EPS and FY2018 earnings at $0.70 EPS.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ 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. Laureate Education’s quarterly revenue was up 3.7% on a year-over-year basis.
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LAUR has been the topic of several other research reports. Piper Jaffray Companies reissued a “buy” rating and set a $17.00 price objective on shares of Laureate Education in a research note on Tuesday, August 29th. 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 research note on Friday, July 7th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Laureate Education presently has an average rating of “Buy” and an average target price of $17.28.
Shares of Laureate Education (LAUR) opened at 14.30 on Thursday. The stock has a market cap of $507.18 million and a P/E ratio of 30.43. Laureate Education has a 12 month low of $12.12 and a 12 month high of $15.20. The company has a 50 day moving average of $14.53 and a 200 day moving average of $14.53.
In related news, COO Ricardo M. Berckemeyer sold 47,983 shares of Laureate Education stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $14.29, for a total transaction of $685,677.07. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Patro sold 16,383 shares of Laureate Education stock in a transaction that occurred 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 owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in LAUR. Kohlberg Kravis Roberts & Co. L.P. bought a new position in Laureate Education in the first quarter valued at approximately $50,964,000. FMR LLC bought a new position in Laureate Education in the first quarter valued at approximately $49,947,000. Vanguard Group Inc. bought a new position in Laureate Education in the first quarter valued at approximately $35,401,000. TimesSquare Capital Management LLC bought a new position in Laureate Education in the first quarter valued at approximately $30,823,000. Finally, Franklin Resources Inc. lifted its stake in Laureate Education by 171.6% in the second quarter. Franklin Resources Inc. now owns 2,171,612 shares of the company’s stock valued at $38,068,000 after buying an additional 1,372,023 shares in the last quarter. 20.81% of the stock is currently owned by hedge funds and other institutional investors.
Laureate Education Company Profile
Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).
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