Adtalem Global Education (NYSE:CVSA) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Adtalem Global Education (NYSE:CVSA) released its quarterly earnings data on Thursday. The company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.19, FiscalAI reports. The business had revenue of $501.38 million for the quarter. Adtalem Global Education had a net margin of 12.26% and a return on equity of 20.19%. Adtalem Global Education updated its FY 2027 guidance to 8.900-9.150 EPS.

Adtalem Global Education Stock Performance

CVSA traded down $3.81 during trading on Thursday, reaching $125.10. The company had a trading volume of 547,627 shares, compared to its average volume of 369,634. The company has a 50-day moving average of $124.15. Adtalem Global Education has a 12-month low of $86.97 and a 12-month high of $156.26. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $4.26 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 0.98 and a beta of 0.62.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CVSA shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Adtalem Global Education in a report on Friday, May 22nd. Wall Street Zen downgraded Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Barrington Research reiterated an “outperform” rating and set a $170.00 price target on shares of Adtalem Global Education in a research report on Monday, June 8th. Finally, Truist Financial raised their price target on Adtalem Global Education from $130.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Adtalem Global Education has an average rating of “Moderate Buy” and a consensus target price of $155.00.

Insiders Place Their Bets

In other Adtalem Global Education news, CEO Stephen W. Beard sold 2,529 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $130.78, for a total transaction of $330,742.62. Following the completion of the sale, the chief executive officer directly owned 424,033 shares in the company, valued at approximately $55,455,035.74. This trade represents a 0.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Douglas G. Beck sold 2,439 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $135.34, for a total transaction of $330,094.26. Following the sale, the senior vice president owned 33,070 shares of the company’s stock, valued at approximately $4,475,693.80. This represents a 6.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 53,183 shares of company stock valued at $6,914,570 in the last 90 days. Insiders own 2.50% of the company’s stock.

Adtalem Global Education Company Profile

Adtalem Global Education (NYSE: CVSA) is a provider of higher education and workforce solutions focused primarily on programs that prepare students for professional careers in healthcare, medicine, veterinary medicine and related fields. The company operates campus-based and online degree programs, continuing professional education, clinical training and exam-preparation offerings designed to support students seeking licensure and employment in regulated professions.

Adtalem’s portfolio includes institution brands that deliver undergraduate, graduate and professional training across nursing, medicine, veterinary medicine and allied health disciplines.