Wall Street brokerages forecast that Adtalem Global Education Inc (NYSE:ATGE) will report sales of $261.95 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Adtalem Global Education’s earnings, with the lowest sales estimate coming in at $260.00 million and the highest estimate coming in at $263.89 million. Adtalem Global Education reported sales of $316.59 million in the same quarter last year, which would suggest a negative year over year growth rate of 17.3%. The company is expected to announce its next quarterly earnings results on Thursday, February 6th.
According to Zacks, analysts expect that Adtalem Global Education will report full-year sales of $1.07 billion for the current fiscal year. For the next fiscal year, analysts expect that the firm will report sales of $1.13 billion, with estimates ranging from $1.10 billion to $1.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Adtalem Global Education.
Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.12). The company had revenue of $254.60 million for the quarter, compared to analyst estimates of $301.66 million. Adtalem Global Education had a return on equity of 11.44% and a net margin of 9.84%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share.
Shares of NYSE:ATGE opened at $33.66 on Monday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The company has a 50 day moving average of $33.75 and a two-hundred day moving average of $41.32. Adtalem Global Education has a 52-week low of $27.58 and a 52-week high of $54.64. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.39.
In other news, CFO Michael O. Randolfi acquired 32,000 shares of Adtalem Global Education stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of $33.73 per share, for a total transaction of $1,079,360.00. Following the completion of the purchase, the chief financial officer now directly owns 78,090 shares of the company’s stock, valued at approximately $2,633,975.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Holland Katherine Alice Boden acquired 2,000 shares of Adtalem Global Education stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average price of $31.99 per share, for a total transaction of $63,980.00. Following the completion of the purchase, the insider now directly owns 16,367 shares of the company’s stock, valued at $523,580.33. The disclosure for this purchase can be found here. 1.46% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC boosted its holdings in shares of Adtalem Global Education by 0.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 78,749 shares of the company’s stock valued at $3,548,000 after buying an additional 281 shares during the period. Swiss National Bank raised its stake in Adtalem Global Education by 0.4% during the second quarter. Swiss National Bank now owns 107,500 shares of the company’s stock worth $4,843,000 after acquiring an additional 400 shares during the period. Verition Fund Management LLC lifted its holdings in Adtalem Global Education by 6.4% in the second quarter. Verition Fund Management LLC now owns 7,420 shares of the company’s stock worth $334,000 after acquiring an additional 444 shares during the last quarter. First Trust Advisors LP lifted its holdings in Adtalem Global Education by 1.3% in the third quarter. First Trust Advisors LP now owns 47,579 shares of the company’s stock worth $1,812,000 after acquiring an additional 615 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Adtalem Global Education by 1.2% in the third quarter. California State Teachers Retirement System now owns 88,004 shares of the company’s stock valued at $3,352,000 after acquiring an additional 1,051 shares during the period. Hedge funds and other institutional investors own 97.06% of the company’s stock.
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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