Adtalem Global Education Inc (ATGE) Announces Quarterly Earnings Results, Misses Estimates By $0.16 EPS
Adtalem Global Education Inc (NASDAQ:ATGE) posted its quarterly earnings data on Thursday. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.16), Briefing.com reports. Adtalem Global Education had a net margin of 9.76% and a return on equity of 10.35%. The firm had revenue of $421.03 million during the quarter, compared to analysts’ expectations of $428.00 million. During the same quarter in the previous year, the company posted $0.45 EPS. Adtalem Global Education’s revenue for the quarter was down 6.4% on a year-over-year basis.
In other news, insider Susan Groenwald sold 5,887 shares of Adtalem Global Education stock in a transaction on Friday, August 25th. The shares were sold at an average price of $33.80, for a total transaction of $198,980.60. Following the transaction, the insider now owns 30,582 shares in the company, valued at approximately $1,033,671.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John P. Roselli sold 2,327 shares of Adtalem Global Education stock in a transaction on Friday, September 1st. The stock was sold at an average price of $33.99, for a total transaction of $79,094.73. Following the transaction, the insider now owns 13,730 shares in the company, valued at approximately $466,682.70. The disclosure for this sale can be found here. Insiders have sold a total of 11,328 shares of company stock worth $384,138 in the last quarter.
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Several equities analysts recently commented on the company. BidaskClub upgraded Adtalem Global Education from a “hold” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets reiterated a “market perform” rating and issued a $35.00 price objective (down previously from $40.00) on shares of Adtalem Global Education in a research note on Monday, August 21st. Finally, Zacks Investment Research downgraded Adtalem Global Education from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th.
About Adtalem Global Education
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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