Adtalem Global Education Inc (NYSE:ATGE) – Analysts at Piper Jaffray Companies lowered their Q1 2019 earnings estimates for shares of Adtalem Global Education in a research report issued to clients and investors on Monday, August 6th, Zacks Investment Research reports. Piper Jaffray Companies analyst P. Appert now anticipates that the company will earn $0.46 per share for the quarter, down from their previous forecast of $0.48. Piper Jaffray Companies also issued estimates for Adtalem Global Education’s Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.84 EPS, Q4 2019 earnings at $1.04 EPS, FY2019 earnings at $3.14 EPS, FY2020 earnings at $3.68 EPS and FY2021 earnings at $4.21 EPS.
A number of other equities analysts have also issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $57.00 target price on shares of Adtalem Global Education in a research report on Friday, May 4th. They noted that the move was a valuation call. ValuEngine lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 4th. BMO Capital Markets raised shares of Adtalem Global Education from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, May 7th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Adtalem Global Education from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. Finally, First Analysis boosted their target price on shares of Adtalem Global Education to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Adtalem Global Education currently has a consensus rating of “Buy” and a consensus price target of $55.60.
Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, August 16th. The company reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.05). Adtalem Global Education had a return on equity of 10.49% and a net margin of 2.38%. The firm had revenue of $319.80 million during the quarter, compared to analyst estimates of $352.68 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Adtalem Global Education’s quarterly revenue was up 1.5% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the business. Brown Advisory Inc. bought a new stake in Adtalem Global Education in the 2nd quarter valued at $209,000. Jane Street Group LLC bought a new stake in shares of Adtalem Global Education in the 2nd quarter worth about $231,000. Xact Kapitalforvaltning AB bought a new stake in shares of Adtalem Global Education in the 4th quarter worth about $239,000. Bayesian Capital Management LP bought a new stake in shares of Adtalem Global Education in the 1st quarter worth about $268,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Adtalem Global Education in the 2nd quarter worth about $294,000. 94.09% of the stock is currently owned by hedge funds and other institutional investors.
In other Adtalem Global Education news, insider Ronald L. Taylor sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $48.64, for a total value of $2,432,000.00. Following the sale, the insider now owns 450,615 shares of the company’s stock, valued at approximately $21,917,913.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Carlos Filgueiras sold 12,426 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $48.32, for a total transaction of $600,424.32. Following the completion of the sale, the insider now directly owns 16,482 shares in the company, valued at approximately $796,410.24. The disclosure for this sale can be found here. Insiders have sold 90,433 shares of company stock worth $4,438,615 in the last ninety days. 3.04% of the stock is currently owned by insiders.
About Adtalem Global Education
Adtalem Global Education Inc provides educational services worldwide. It operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and U.S. Traditional Postsecondary. The Medical and Healthcare segment operates Chamberlain University, which provides pre and post-licensure bachelor's, master's, and doctorate degree programs in nursing through campus and online; American University of the Caribbean School of Medicine and Ross University School of Medicine, which provide medical education; and Ross University School of Veterinary Medicine that offers veterinary education.
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