$787.63 Million in Sales Expected for Laureate Education Inc (NASDAQ:LAUR) This Quarter

Wall Street brokerages forecast that Laureate Education Inc (NASDAQ:LAUR) will report $787.63 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Laureate Education’s earnings, with the lowest sales estimate coming in at $780.00 million and the highest estimate coming in at $803.10 million. Laureate Education reported sales of $787.10 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.1%. The business is expected to issue its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Laureate Education will report full year sales of $3.34 billion for the current fiscal year, with estimates ranging from $3.32 billion to $3.35 billion. For the next year, analysts forecast that the firm will post sales of $3.46 billion, with estimates ranging from $3.35 billion to $3.63 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Laureate Education.

Laureate Education (NASDAQ:LAUR) last posted its earnings results on Thursday, August 8th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.11). The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $998.46 million. Laureate Education had a negative return on equity of 0.85% and a net margin of 28.57%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $1.00 EPS.

A number of research firms have recently commented on LAUR. Zacks Investment Research cut shares of Laureate Education from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. TheStreet raised shares of Laureate Education from a “c” rating to a “b-” rating in a report on Friday, April 26th. BMO Capital Markets increased their target price on shares of Laureate Education from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Barrington Research reissued an “outperform” rating and issued a $22.00 target price (up previously from $20.00) on shares of Laureate Education in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $19.75.

Shares of LAUR stock traded up $0.36 on Monday, reaching $17.02. The company had a trading volume of 914,200 shares, compared to its average volume of 1,001,759. The stock has a market capitalization of $3.72 billion, a PE ratio of -567.33, a price-to-earnings-growth ratio of 2.12 and a beta of 0.27. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 0.68. Laureate Education has a one year low of $13.58 and a one year high of $17.97. The business’s 50-day moving average is $16.28 and its 200 day moving average is $15.76.

In other news, major shareholder Alberta Lp Wengen sold 10,955,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $15.30, for a total value of $167,611,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Paula R. Singer sold 3,348 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $16.12, for a total value of $53,969.76. Following the completion of the transaction, the chief executive officer now directly owns 36,622 shares of the company’s stock, valued at approximately $590,346.64. The disclosure for this sale can be found here. Insiders sold 11,666,863 shares of company stock valued at $178,511,173 in the last ninety days. 2.97% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in shares of Laureate Education by 45.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,352 shares of the company’s stock valued at $36,000 after buying an additional 735 shares during the period. Assenagon Asset Management S.A. bought a new stake in Laureate Education in the 1st quarter valued at $235,000. FMR LLC boosted its holdings in Laureate Education by 19.4% in the 1st quarter. FMR LLC now owns 13,450,964 shares of the company’s stock valued at $201,362,000 after purchasing an additional 2,184,985 shares during the period. SeaTown Holdings Pte. Ltd. bought a new position in shares of Laureate Education during the 1st quarter worth about $1,647,000. Finally, Spark Investment Management LLC bought a new position in shares of Laureate Education during the 1st quarter worth about $3,708,000. 44.33% of the stock is owned by institutional investors.

About Laureate Education

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.

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