Brokerages Expect Adtalem Global Education Inc (NYSE:ATGE) to Post $0.46 Earnings Per Share

Equities research analysts expect Adtalem Global Education Inc (NYSE:ATGE) to post earnings of $0.46 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Adtalem Global Education’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.47. Adtalem Global Education posted earnings of $0.45 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The business is expected to issue its next earnings results on Thursday, November 7th.

On average, analysts expect that Adtalem Global Education will report full year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $3.04 to $3.06. For the next financial year, analysts forecast that the business will post earnings of $3.39 per share, with EPS estimates ranging from $3.29 to $3.49. Zacks’ EPS averages are an average based on a survey of research analysts that follow Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, August 22nd. The company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The business had revenue of $330.30 million for the quarter, compared to analyst estimates of $329.90 million. Adtalem Global Education had a net margin of 7.68% and a return on equity of 11.81%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 EPS.



Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded Adtalem Global Education from a “hold” rating to a “sell” rating and set a $48.00 price target for the company. in a research note on Thursday, July 4th. BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, Barrington Research set a $58.00 target price on shares of Adtalem Global Education and gave the company a “buy” rating in a report on Friday, August 23rd. One 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. The stock has a consensus rating of “Hold” and a consensus target price of $55.60.

In other Adtalem Global Education news, insider Patrick J. Unzicker sold 2,297 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $45.40, for a total transaction of $104,283.80. Following the completion of the transaction, the insider now owns 32,908 shares of the company’s stock, valued at $1,494,023.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.91% of the company’s stock.

Large investors have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. raised its position in shares of Adtalem Global Education by 32.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,354,156 shares of the company’s stock worth $62,725,000 after acquiring an additional 334,931 shares in the last quarter. Victory Capital Management Inc. raised its stake in Adtalem Global Education by 31.8% during the second quarter. Victory Capital Management Inc. now owns 1,070,799 shares of the company’s stock worth $48,239,000 after purchasing an additional 258,336 shares during the period. Marshall Wace LLP acquired a new position in shares of Adtalem Global Education during the 2nd quarter valued at $11,168,000. D. E. Shaw & Co. Inc. boosted its holdings in Adtalem Global Education by 94.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 504,708 shares of the company’s stock worth $22,737,000 after acquiring an additional 244,825 shares during the period. Finally, Nuveen Asset Management LLC purchased a new position in Adtalem Global Education in the 2nd quarter valued at about $10,343,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

ATGE traded down $0.12 during trading on Friday, hitting $40.88. 3,970 shares of the company’s stock were exchanged, compared to its average volume of 490,894. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $46.17 and its two-hundred day moving average is $46.34. The stock has a market cap of $2.24 billion, a P/E ratio of 14.49, a PEG ratio of 1.07 and a beta of 0.91. Adtalem Global Education has a fifty-two week low of $40.35 and a fifty-two 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.

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

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