Wall Street brokerages expect Adtalem Global Education Inc (NYSE:ATGE) to report sales of $261.95 million for the current quarter, according to Zacks. Two analysts have provided estimates for Adtalem Global Education’s earnings, with the highest sales estimate coming in at $263.89 million and the lowest estimate coming in at $260.00 million. Adtalem Global Education reported sales of $316.59 million in the same quarter last year, which indicates a negative year over year growth rate of 17.3%. The company is expected to report its next earnings results after the market closes on Tuesday, February 4th.
According to Zacks, analysts expect that Adtalem Global Education will report full-year sales of $1.07 billion for the current fiscal year. For the next year, analysts expect that the firm will post sales of $1.13 billion, with estimates ranging from $1.10 billion to $1.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Adtalem Global Education.
Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.12). The company had revenue of $254.60 million for the quarter, compared to the consensus estimate of $301.66 million. Adtalem Global Education had a return on equity of 11.44% and a net margin of 9.84%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share.
Several equities research analysts have recently weighed in on the company. Barrington Research reissued a “buy” rating and set a $42.00 price objective on shares of Adtalem Global Education in a research note on Tuesday, January 7th. Robert W. Baird set a $42.00 price objective on Adtalem Global Education and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, TheStreet cut Adtalem Global Education from a “b-” rating to a “c” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.75.
Shares of ATGE traded up $0.55 during trading hours on Friday, hitting $35.59. 589,763 shares of the company were exchanged, compared to its average volume of 387,636. The company has a market capitalization of $1.93 billion, a PE ratio of 17.36, a PEG ratio of 1.14 and a beta of 0.87. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a fifty day simple moving average of $35.05 and a 200-day simple moving average of $39.01. Adtalem Global Education has a one year low of $27.58 and a one year high of $51.79.
In related news, CFO Michael O. Randolfi bought 32,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $33.73 per share, for a total transaction of $1,079,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 78,090 shares in the company, valued at $2,633,975.70. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Holland Katherine Alice Boden bought 2,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were bought at an average price of $31.99 per share, for a total transaction of $63,980.00. Following the completion of the acquisition, the insider now owns 16,367 shares of the company’s stock, valued at $523,580.33. The disclosure for this purchase can be found here. 1.46% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of ATGE. Man Group plc increased its stake in shares of Adtalem Global Education by 122.1% in the third quarter. Man Group plc now owns 414,054 shares of the company’s stock worth $15,771,000 after purchasing an additional 227,659 shares during the period. California State Teachers Retirement System increased its stake in shares of Adtalem Global Education by 1.2% in the third quarter. California State Teachers Retirement System now owns 88,004 shares of the company’s stock worth $3,352,000 after purchasing an additional 1,051 shares during the period. California Public Employees Retirement System increased its stake in shares of Adtalem Global Education by 29.5% in the third quarter. California Public Employees Retirement System now owns 140,525 shares of the company’s stock worth $5,353,000 after purchasing an additional 32,000 shares during the period. State of Tennessee Treasury Department bought a new position in shares of Adtalem Global Education in the third quarter worth about $952,000. Finally, Dupont Capital Management Corp increased its stake in shares of Adtalem Global Education by 63.7% in the third quarter. Dupont Capital Management Corp now owns 6,647 shares of the company’s stock worth $253,000 after purchasing an additional 2,587 shares during the period. Institutional investors own 96.16% of the company’s stock.
Adtalem Global Education Company Profile
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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