Laureate Education Inc. (LAUR) Announces Quarterly Earnings Results, Misses Expectations By $0.41 EPS
Laureate Education Inc. (NASDAQ:LAUR) issued its quarterly earnings data on Wednesday. The company reported ($1.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.41), RTT News reports. The company had revenue of $983.40 million for the quarter, compared to analysts’ expectations of $972.59 million. The business’s quarterly revenue was up 5.8% compared to the same quarter last year.
Laureate Education (LAUR) traded down $1.84 during trading on Thursday, reaching $11.61. 2,227,786 shares of the company’s stock traded hands, compared to its average volume of 603,696. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.88 and a current ratio of 0.88. Laureate Education has a 52-week low of $11.34 and a 52-week high of $18.96.
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Several brokerages recently weighed in on LAUR. Piper Jaffray Companies reiterated a “buy” rating and issued a $19.00 price objective on shares of Laureate Education in a research report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 price objective (down from $21.00) on shares of Laureate Education in a research report on Thursday. Zacks Investment Research downgraded shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Credit Suisse Group cut their price objective on shares of Laureate Education from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets cut their price objective on shares of Laureate Education from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Laureate Education presently has an average rating of “Buy” and an average target price of $17.03.
In other Laureate Education news, COO Ricardo M. Berckemeyer sold 47,983 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Patro sold 16,383 shares of the firm’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 disclosure for this sale can be found here. 13.10% of the stock is currently owned by company insiders.
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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