Analysts Expect Adtalem Global Education Inc (ATGE) to Announce $0.67 Earnings Per Share

Equities research analysts expect Adtalem Global Education Inc (NYSE:ATGE) to report earnings of $0.67 per share for the current quarter, according to Zacks. Three analysts have made estimates for Adtalem Global Education’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.73. Adtalem Global Education reported earnings per share of $0.72 in the same quarter last year, which would indicate a negative year over year growth rate of 6.9%. The company is scheduled to report its next quarterly earnings results on Thursday, May 2nd.

On average, analysts expect that Adtalem Global Education will report full-year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.84 to $2.87. For the next financial year, analysts expect that the firm will post earnings of $3.26 per share, with EPS estimates ranging from $3.21 to $3.30. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, February 7th. The company reported $0.74 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.74. The firm had revenue of $316.60 million for the quarter, compared to analysts’ expectations of $318.95 million. Adtalem Global Education had a net margin of 8.70% and a return on equity of 11.41%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 earnings per share.

Several analysts recently weighed in on ATGE shares. Barrington Research reaffirmed a “buy” rating and issued a $60.00 target price on shares of Adtalem Global Education in a report on Tuesday, October 23rd. BMO Capital Markets raised their target price on shares of Adtalem Global Education from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, November 5th. Piper Jaffray Companies raised their target price on shares of Adtalem Global Education to $63.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Robert W. Baird raised their target price on shares of Adtalem Global Education from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research cut shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $58.60.

Shares of NYSE:ATGE opened at $48.24 on Thursday. The company has a market capitalization of $2.76 billion, a P/E ratio of 17.35, a PEG ratio of 1.26 and a beta of 0.94. Adtalem Global Education has a fifty-two week low of $43.50 and a fifty-two week high of $58.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.07 and a current ratio of 2.07.

In other Adtalem Global Education news, insider Donna Jennings sold 6,950 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $57.83, for a total transaction of $401,918.50. Following the sale, the insider now owns 19,080 shares of the company’s stock, valued at $1,103,396.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.91% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in shares of Adtalem Global Education during the second quarter worth approximately $231,000. Public Employees Retirement System of Ohio purchased a new position in shares of Adtalem Global Education during the second quarter worth approximately $294,000. Schroder Investment Management Group grew its position in shares of Adtalem Global Education by 3.5% during the second quarter. Schroder Investment Management Group now owns 211,166 shares of the company’s stock worth $9,883,000 after acquiring an additional 7,103 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Adtalem Global Education by 81.3% during the second quarter. Bank of New York Mellon Corp now owns 1,281,046 shares of the company’s stock worth $61,617,000 after acquiring an additional 574,347 shares during the last quarter. Finally, United Services Automobile Association grew its position in shares of Adtalem Global Education by 11.1% during the second quarter. United Services Automobile Association now owns 12,012 shares of the company’s stock worth $578,000 after acquiring an additional 1,197 shares during the last quarter. 99.65% of the stock is currently owned by institutional investors.

About Adtalem Global Education

Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.

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