Analysts Expect Adtalem Global Education Inc (ATGE) Will Post Quarterly Sales of $434.88 Million

Equities research analysts predict that Adtalem Global Education Inc (NYSE:ATGE) will announce sales of $434.88 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Adtalem Global Education’s earnings, with estimates ranging from $433.75 million to $436.00 million. Adtalem Global Education reported sales of $456.35 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.7%. The company is scheduled to report its next earnings report after the market closes on Tuesday, February 6th.

According to Zacks, analysts expect that Adtalem Global Education will report full-year sales of $434.88 million for the current fiscal year, with estimates ranging from $1.73 billion to $1.76 billion. For the next financial year, analysts expect that the company will post sales of $1.76 billion per share, with estimates ranging from $1.71 billion to $1.80 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.18). Adtalem Global Education had a return on equity of 10.24% and a net margin of 6.17%. The business had revenue of $421.03 million for the quarter, compared to analysts’ expectations of $428.00 million. During the same quarter in the previous year, the firm posted $0.45 EPS. Adtalem Global Education’s revenue was down 6.4% on a year-over-year basis.

A number of equities research analysts have recently weighed in on ATGE shares. BidaskClub upgraded Adtalem Global Education from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Piper Jaffray Companies restated a “buy” rating and set a $59.00 price target on shares of Adtalem Global Education in a research note on Monday, December 4th. BMO Capital Markets restated a “hold” rating and set a $49.00 price target on shares of Adtalem Global Education in a research note on Wednesday. Robert W. Baird restated a “hold” rating on shares of Adtalem Global Education in a research note on Thursday, December 7th. Finally, Zacks Investment Research lowered Adtalem Global Education from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $54.00.

In related news, SVP Donna Jennings sold 4,582 shares of Adtalem Global Education stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $45.00, for a total transaction of $206,190.00. Following the completion of the sale, the senior vice president now owns 16,794 shares of the company’s stock, valued at $755,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carlos Filgueiras sold 2,325 shares of Adtalem Global Education stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $36.92, for a total value of $85,839.00. Following the sale, the insider now directly owns 11,832 shares of the company’s stock, valued at approximately $436,837.44. The disclosure for this sale can be found here. Insiders own 3.04% of the company’s stock.

A number of large investors have recently made changes to their positions in ATGE. Schwab Charles Investment Management Inc. acquired a new position in Adtalem Global Education in the second quarter valued at approximately $12,129,000. Principal Financial Group Inc. acquired a new position in Adtalem Global Education in the second quarter valued at approximately $9,274,000. Swiss National Bank acquired a new position in Adtalem Global Education in the second quarter valued at approximately $3,776,000. JPMorgan Chase & Co. acquired a new position in Adtalem Global Education in the second quarter valued at approximately $2,065,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Adtalem Global Education in the second quarter valued at approximately $316,000.

Shares of Adtalem Global Education (ATGE) opened at $45.25 on Friday. Adtalem Global Education has a 52 week low of $30.15 and a 52 week high of $46.65. The firm has a market capitalization of $2,732.96, a PE ratio of 26.31, a PEG ratio of 1.92 and a beta of 0.98. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.08.

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Adtalem Global Education Company Profile

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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