Zacks: Analysts Expect Adtalem Global Education Inc (NYSE:ATGE) to Post $0.96 EPS

Analysts predict that Adtalem Global Education Inc (NYSE:ATGE) will post $0.96 earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for Adtalem Global Education’s earnings, with the lowest EPS estimate coming in at $0.95 and the highest estimate coming in at $0.97. Adtalem Global Education posted earnings per share of $0.86 during the same quarter last year, which indicates a positive year-over-year growth rate of 11.6%. The firm is expected to announce its next earnings results on Thursday, August 15th.

According to Zacks, analysts expect that Adtalem Global Education will report full year earnings of $2.83 per share for the current financial year, with EPS estimates ranging from $2.82 to $2.84. For the next fiscal year, analysts expect that the firm will report earnings of $3.10 per share, with EPS estimates ranging from $3.05 to $3.19. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. Adtalem Global Education had a return on equity of 11.38% and a net margin of 8.83%. The company had revenue of $308.61 million for the quarter, compared to the consensus estimate of $315.35 million. During the same quarter last year, the business posted $0.70 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year.

A number of equities research analysts recently issued reports on ATGE shares. Zacks Investment Research upgraded Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Barrington Research reiterated a “buy” rating and issued a $55.00 price objective on shares of Adtalem Global Education in a research report on Thursday, May 16th. ValuEngine downgraded Adtalem Global Education from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $50.00 price objective on shares of Adtalem Global Education in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $55.50.

In related news, insider Patrick J. Unzicker sold 2,953 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $43.07, for a total value of $127,185.71. Following the transaction, the insider now owns 36,070 shares of the company’s stock, valued at $1,553,534.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.91% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC bought a new position in Adtalem Global Education in the fourth quarter valued at $28,000. Fort L.P. bought a new position in Adtalem Global Education in the fourth quarter valued at $54,000. Marshall Wace North America L.P. bought a new position in Adtalem Global Education in the first quarter valued at $56,000. Enlightenment Research LLC bought a new position in shares of Adtalem Global Education during the fourth quarter valued at about $76,000. Finally, Bank of Montreal Can grew its stake in shares of Adtalem Global Education by 17.8% during the fourth quarter. Bank of Montreal Can now owns 2,681 shares of the company’s stock valued at $126,000 after buying an additional 405 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of ATGE stock traded up $0.43 on Friday, reaching $44.68. The company’s stock had a trading volume of 225,720 shares, compared to its average volume of 280,461. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 1.75. Adtalem Global Education has a 12-month low of $42.36 and a 12-month high of $58.80. The company has a market capitalization of $2.50 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94.

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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Earnings History and Estimates for Adtalem Global Education (NYSE:ATGE)

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