Zacks: Analysts Anticipate Adtalem Global Education Inc (NYSE:ATGE) to Announce $0.46 EPS

Brokerages expect Adtalem Global Education Inc (NYSE:ATGE) to announce earnings of $0.46 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Adtalem Global Education’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.45. Adtalem Global Education reported earnings per share of $0.45 in the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The company is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, October 29th.

According to Zacks, 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 fiscal year, analysts anticipate that the firm will report earnings of $3.39 per share, with EPS estimates ranging from $3.29 to $3.49. Zacks’ EPS averages are a mean average based on a survey of research firms that cover 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 consensus estimate of $0.96 by $0.01. The firm had revenue of $330.30 million during the quarter, compared to the consensus estimate of $329.90 million. Adtalem Global Education had a net margin of 7.68% and a return on equity of 11.81%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.86 earnings per share.

Several equities analysts have recently weighed in on ATGE shares. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Zacks Investment Research downgraded shares of Adtalem Global Education from a “hold” rating to a “sell” rating and set a $44.00 target price for the company. in a research note on Wednesday, September 18th. Barrington Research set a $58.00 target price on shares of Adtalem Global Education and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Sidoti assumed coverage on shares of Adtalem Global Education in a research note on Thursday, September 12th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Adtalem Global Education currently has a consensus rating of “Hold” and an average price target of $54.80.

In related news, insider Patrick J. Unzicker sold 2,297 shares of the business’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 filing with the SEC, which is available through this hyperlink. 1.91% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Marshall Wace North America L.P. purchased a new position in Adtalem Global Education during the first quarter valued at approximately $56,000. Royal Bank of Canada grew its stake in Adtalem Global Education by 222.1% during the second quarter. Royal Bank of Canada now owns 2,938 shares of the company’s stock valued at $133,000 after acquiring an additional 2,026 shares in the last quarter. Bank of Montreal Can grew its stake in Adtalem Global Education by 66.7% during the first quarter. Bank of Montreal Can now owns 4,470 shares of the company’s stock valued at $207,000 after acquiring an additional 1,789 shares in the last quarter. AMP Capital Investors Ltd purchased a new position in Adtalem Global Education during the second quarter valued at approximately $256,000. Finally, Verition Fund Management LLC grew its stake in Adtalem Global Education by 6.4% during the second quarter. Verition Fund Management LLC now owns 7,420 shares of the company’s stock valued at $334,000 after acquiring an additional 444 shares in the last quarter. 98.40% of the stock is owned by institutional investors.

Shares of ATGE traded down $0.93 during trading hours on Monday, hitting $36.76. The company’s stock had a trading volume of 435,037 shares, compared to its average volume of 387,160. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.62 and a quick ratio of 1.62. The business has a 50 day simple moving average of $42.47 and a two-hundred day simple moving average of $45.32. Adtalem Global Education has a 52-week low of $36.65 and a 52-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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