Zacks: Brokerages Expect Laureate Education Inc. (LAUR) to Post -$0.61 Earnings Per Share
Equities analysts expect Laureate Education Inc. (NASDAQ:LAUR) to announce ($0.61) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Laureate Education’s earnings. The highest EPS estimate is ($0.36) and the lowest is ($0.97). The company is scheduled to report its next earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that Laureate Education will report full year earnings of ($0.94) per share for the current year, with EPS estimates ranging from ($1.47) to ($0.41). For the next year, analysts forecast that the business will post earnings of $0.68 per share, with EPS estimates ranging from $0.35 to $0.92. Zacks’ EPS averages are an average based on a survey of analysts that follow Laureate Education.
Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.24 billion. The firm’s quarterly revenue was up 3.7% on a year-over-year basis.
Several analysts have recently issued reports on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 target price on shares of Laureate Education in a research report on Tuesday, August 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 target price (up previously from $20.00) on shares of Laureate Education in a research report on Friday, July 7th. Finally, Zacks Investment Research lowered shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Laureate Education has an average rating of “Buy” and a consensus target price of $17.28.
In related news, CEO Richard J. Patro sold 16,383 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $15.21, for a total transaction of $249,185.43. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Ricardo M. Berckemeyer sold 47,983 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total transaction of $685,677.07. The disclosure for this sale can be found here. Insiders own 13.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in Laureate Education during the second quarter worth about $122,000. Legal & General Group Plc boosted its position in Laureate Education by 61.2% during the second quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock worth $150,000 after acquiring an additional 3,240 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Laureate Education during the second quarter worth about $150,000. Nationwide Fund Advisors acquired a new position in Laureate Education during the first quarter worth about $146,000. Finally, Stifel Financial Corp acquired a new position in Laureate Education during the first quarter worth about $147,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.
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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