Brokerages Anticipate Adtalem Global Education Inc (NYSE:ATGE) Will Post Quarterly Sales of $326.89 Million

Wall Street analysts expect Adtalem Global Education Inc (NYSE:ATGE) to post sales of $326.89 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Adtalem Global Education’s earnings. The highest sales estimate is $329.00 million and the lowest is $324.77 million. Adtalem Global Education posted sales of $319.79 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The firm is expected to announce its next earnings report after the market closes on Thursday, August 22nd.

On average, analysts expect that Adtalem Global Education will report full-year sales of $1.24 billion for the current fiscal year, with estimates ranging from $1.23 billion to $1.24 billion. For the next financial year, analysts expect that the company will post sales of $1.30 billion, with estimates ranging from $1.29 billion to $1.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Adtalem Global Education.

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

ATGE has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Adtalem Global Education from a “hold” rating to a “sell” rating and set a $48.00 price target on the stock. in a report on Thursday, July 4th. BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 price target on shares of Adtalem Global Education in a report on Wednesday, May 15th. Finally, Barrington Research reaffirmed a “buy” rating and set a $55.00 price target on shares of Adtalem Global Education in a report on Thursday, May 16th. One equities 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 presently has an average rating of “Hold” and an average target price of $54.00.

In related news, insider Patrick J. Unzicker sold 2,953 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 is accessible through this link. Company insiders own 1.91% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ATGE. Swiss National Bank increased its stake in shares of Adtalem Global Education by 0.4% in the 2nd quarter. Swiss National Bank now owns 107,500 shares of the company’s stock worth $4,843,000 after acquiring an additional 400 shares during the last quarter. Comerica Bank increased its stake in shares of Adtalem Global Education by 7.9% in the 2nd quarter. Comerica Bank now owns 388,028 shares of the company’s stock worth $18,086,000 after acquiring an additional 28,344 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Adtalem Global Education by 15.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 22,185 shares of the company’s stock worth $1,008,000 after acquiring an additional 2,949 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Adtalem Global Education by 5.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 2,818,199 shares of the company’s stock worth $126,960,000 after acquiring an additional 140,896 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Adtalem Global Education in the 2nd quarter worth $2,116,000. 97.81% of the stock is currently owned by institutional investors.

Shares of NYSE ATGE traded down $0.89 during trading on Friday, reaching $46.39. 168,769 shares of the company traded hands, compared to its average volume of 338,348. The firm’s 50 day moving average price is $46.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $2.77 billion, a PE ratio of 16.69, a PEG ratio of 1.19 and a beta of 0.90. Adtalem Global Education has a 52-week low of $42.36 and a 52-week high of $58.80.

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.

Further Reading: Calculate Your Return on Investment (ROI)

Get a free copy of the Zacks research report on Adtalem Global Education (ATGE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Adtalem Global Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education and related companies with MarketBeat.com's FREE daily email newsletter.