Adtalem Global Education (NYSE:ATGE) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Adtalem Global Education (NYSE:ATGE) announced its quarterly earnings results on Thursday. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01, reports. Adtalem Global Education had a net margin of 7.68% and a return on equity of 11.74%. The company had revenue of $330.30 million during the quarter, compared to the consensus estimate of $329.90 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Adtalem Global Education updated its FY 2020 guidance to $3.02-3.07 EPS.

ATGE stock opened at $44.94 on Friday. The company has a market capitalization of $2.88 billion, a P/E ratio of 17.94, a PEG ratio of 1.32 and a beta of 0.89. The company has a 50-day simple moving average of $47.37 and a 200 day simple moving average of $46.84. Adtalem Global Education has a fifty-two week low of $42.36 and a fifty-two week high of $58.80. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Adtalem Global Education from a “hold” rating to a “sell” rating and set a $48.00 price target for the company. in a report on Thursday, July 4th. Barrington Research reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Adtalem Global Education in a report on Wednesday. Finally, BMO Capital Markets upped their price objective on shares of Adtalem Global Education from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $55.00.

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 for Adtalem Global Education (NYSE:ATGE)

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