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

Adtalem Global Education (NYSE:ATGE) posted its quarterly earnings results on Thursday. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01, reports. The firm had revenue of $330.30 million during the quarter, compared to analyst estimates of $329.90 million. Adtalem Global Education had a return on equity of 11.38% and a net margin of 8.83%. Adtalem Global Education’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. Adtalem Global Education updated its FY 2020 guidance to $3.02-3.07 EPS.

Shares of NYSE:ATGE opened at $44.94 on Friday. Adtalem Global Education has a fifty-two week low of $42.36 and a fifty-two week high of $58.80. The business has a 50-day simple moving average of $47.37 and a two-hundred day simple moving average of $46.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

ATGE has been the subject of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Adtalem Global Education in a research report on Wednesday. Zacks Investment Research lowered Adtalem Global Education from a “hold” rating to a “sell” rating and set a $48.00 target price for the company. in a research report on Thursday, July 4th. Finally, BMO Capital Markets boosted their target price on Adtalem Global Education from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company presently 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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