Wall Street brokerages expect Adtalem Global Education Inc (NYSE:ATGE) to announce sales of $318.71 million for the current quarter, according to Zacks. Three analysts have made estimates for Adtalem Global Education’s earnings. The highest sales estimate is $319.00 million and the lowest is $318.50 million. Adtalem Global Education posted sales of $337.24 million during the same quarter last year, which indicates a negative year-over-year growth rate of 5.5%. The firm is expected to issue its next earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that Adtalem Global Education will report full year sales of $1.27 billion for the current financial year, with estimates ranging from $1.27 billion to $1.28 billion. For the next year, analysts expect that the business will report sales of $1.35 billion, with estimates ranging from $1.34 billion to $1.36 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Adtalem Global Education.
Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, November 1st. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. Adtalem Global Education had a net margin of 0.89% and a return on equity of 11.43%. The business had revenue of $284.19 million for the quarter, compared to analyst estimates of $296.12 million. During the same period last year, the business posted $0.41 EPS. Adtalem Global Education’s revenue was down 3.1% compared to the same quarter last year.
Several research firms have issued reports on ATGE. Barrington Research restated a “buy” rating and issued a $60.00 price target on shares of Adtalem Global Education in a research report on Friday, October 5th. Zacks Investment Research upgraded shares of Adtalem Global Education from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Robert W. Baird raised their price target on shares of Adtalem Global Education from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. BMO Capital Markets raised their price target on shares of Adtalem Global Education from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, November 5th. Finally, Piper Jaffray Companies raised their price target on shares of Adtalem Global Education to $63.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Adtalem Global Education currently has a consensus rating of “Buy” and an average target price of $58.20.
In other news, SVP Christopher C. Nash sold 28,161 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $57.57, for a total transaction of $1,621,228.77. Following the completion of the transaction, the senior vice president now directly owns 33,117 shares of the company’s stock, valued at approximately $1,906,545.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donna Jennings sold 6,950 shares of the firm’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $57.83, for a total transaction of $401,918.50. Following the transaction, the insider now directly owns 19,080 shares of the company’s stock, valued at $1,103,396.40. The disclosure for this sale can be found here. Insiders have sold a total of 40,044 shares of company stock valued at $2,299,291 over the last ninety days. 1.91% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in shares of Adtalem Global Education by 772.5% in the third quarter. Tower Research Capital LLC TRC now owns 2,792 shares of the company’s stock worth $134,000 after acquiring an additional 2,472 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of Adtalem Global Education in the second quarter worth about $209,000. Seven Eight Capital LP bought a new position in shares of Adtalem Global Education in the third quarter worth about $213,000. Hartford Investment Management Co. bought a new position in shares of Adtalem Global Education in the third quarter worth about $228,000. Finally, Jane Street Group LLC bought a new position in shares of Adtalem Global Education in the second quarter worth about $231,000. 98.27% of the stock is owned by hedge funds and other institutional investors.
NYSE:ATGE opened at $52.76 on Friday. Adtalem Global Education has a 1 year low of $41.76 and a 1 year high of $58.80. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.21 billion, a P/E ratio of 18.95, a PEG ratio of 1.45 and a beta of 0.76.
Adtalem Global Education Company Profile
Adtalem Global Education, Inc engages in the provision of educational services. It operates through the following segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment includes the operations of Ross University medical and veterinary schools, Chamberlain College of Nursing and Carrington.
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