Zacks: Brokerages Expect Laureate Education Inc (LAUR) Will Post Quarterly Sales of $1.21 Billion

Wall Street brokerages predict that Laureate Education Inc (NASDAQ:LAUR) will announce $1.21 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Laureate Education’s earnings, with the lowest sales estimate coming in at $1.20 billion and the highest estimate coming in at $1.22 billion. Laureate Education reported sales of $1.26 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 4%. The firm is expected to report its next earnings results on Tuesday, March 19th.

According to Zacks, analysts expect that Laureate Education will report full-year sales of $4.27 billion for the current fiscal year, with estimates ranging from $4.26 billion to $4.29 billion. For the next year, analysts forecast that the firm will report sales of $4.08 billion, with estimates ranging from $3.81 billion to $4.20 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Laureate Education.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Thursday, November 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.04. The business had revenue of $787.10 million during the quarter, compared to the consensus estimate of $929.30 million. Laureate Education had a net margin of 11.22% and a return on equity of 13.74%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.02) EPS.

A number of brokerages have recently issued reports on LAUR. Zacks Investment Research downgraded shares of Laureate Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Barclays reiterated a “hold” rating and issued a $17.00 price target on shares of Laureate Education in a report on Friday, August 10th. ValuEngine upgraded shares of Laureate Education from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Citigroup increased their price target on shares of Laureate Education from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Finally, Barrington Research reiterated a “buy” rating and issued a $20.00 price target on shares of Laureate Education in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Laureate Education currently has an average rating of “Buy” and an average price target of $18.39.

In related news, CEO Paula R. Singer sold 23,109 shares of the stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $16.00, for a total value of $369,744.00. Following the sale, the chief executive officer now directly owns 76,067 shares of the company’s stock, valued at approximately $1,217,072. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Paula R. Singer sold 7,703 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $15.31, for a total transaction of $117,932.93. Following the completion of the sale, the chief executive officer now directly owns 68,364 shares in the company, valued at $1,046,652.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,515 shares of company stock worth $602,375. 13.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of LAUR. Tower Research Capital LLC TRC acquired a new stake in shares of Laureate Education during the 2nd quarter worth about $312,000. Fox Run Management L.L.C. boosted its stake in shares of Laureate Education by 78.0% during the 2nd quarter. Fox Run Management L.L.C. now owns 25,619 shares of the company’s stock worth $367,000 after purchasing an additional 11,226 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Laureate Education during the 2nd quarter worth about $440,000. JPMorgan Chase & Co. boosted its stake in shares of Laureate Education by 206.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,373 shares of the company’s stock worth $515,000 after purchasing an additional 22,482 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of Laureate Education during the 3rd quarter worth about $520,000. 35.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LAUR opened at $15.90 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $3.44 billion, a PE ratio of -13.25, a P/E/G ratio of 1.88 and a beta of 0.93. Laureate Education has a 52-week low of $10.46 and a 52-week high of $17.15.

About Laureate Education

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.

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