Zacks: Analysts Anticipate Adtalem Global Education Inc (NYSE:ATGE) Will Announce Earnings of $0.96 Per Share

Equities research analysts expect Adtalem Global Education Inc (NYSE:ATGE) to post earnings per share of $0.96 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Adtalem Global Education’s earnings. The lowest EPS estimate is $0.95 and the highest is $0.97. Adtalem Global Education posted earnings per share of $0.86 in the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, August 22nd.

On average, analysts expect that Adtalem Global Education will report full-year earnings of $2.83 per share for the current fiscal year, with EPS estimates ranging from $2.82 to $2.84. For the next year, analysts expect that the company will post earnings of $3.10 per share, with EPS estimates ranging from $3.05 to $3.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Adtalem Global Education.

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

ATGE traded down $0.03 during midday trading on Thursday, reaching $47.67. 222,425 shares of the company were exchanged, compared to its average volume of 334,237. 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 one year low of $42.36 and a one year high of $58.80. The stock has a market capitalization of $2.70 billion, a P/E ratio of 17.15, a PEG ratio of 1.23 and a beta of 0.89. The stock’s 50-day simple moving average is $46.74 and its 200 day simple moving average is $46.79.

In related news, insider Patrick J. Unzicker sold 2,953 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $43.07, for a total transaction of $127,185.71. Following the completion of the sale, the insider now directly owns 36,070 shares in the company, valued at approximately $1,553,534.90. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.91% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ATGE. Wedge Capital Management L L P NC boosted its holdings in Adtalem Global Education by 5.3% in the second 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 in the last quarter. Wells Fargo & Company MN grew its position in shares of Adtalem Global Education by 3.7% in the first quarter. Wells Fargo & Company MN now owns 1,911,207 shares of the company’s stock valued at $88,527,000 after purchasing an additional 67,312 shares in the last quarter. Northern Trust Corp grew its position in shares of Adtalem Global Education by 5.4% in the second quarter. Northern Trust Corp now owns 1,519,511 shares of the company’s stock valued at $68,455,000 after purchasing an additional 77,397 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Adtalem Global Education by 32.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,354,156 shares of the company’s stock valued at $62,725,000 after purchasing an additional 334,931 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Adtalem Global Education by 31.8% in the second quarter. Victory Capital Management Inc. now owns 1,070,799 shares of the company’s stock valued at $48,239,000 after purchasing an additional 258,336 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

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.

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