Zacks Research Brokers Lower Earnings Estimates for Adtalem Global Education Inc. (NYSE:ATGE)

Adtalem Global Education Inc. (NYSE:ATGE) – Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of Adtalem Global Education in a report issued on Tuesday, April 16th. Zacks Research analyst S. Mukherjee now expects that the company will post earnings per share of $4.61 for the year, down from their previous estimate of $4.62. The consensus estimate for Adtalem Global Education’s current full-year earnings is $4.64 per share. Zacks Research also issued estimates for Adtalem Global Education’s FY2025 earnings at $5.20 EPS, Q3 2026 earnings at $1.54 EPS and FY2026 earnings at $5.91 EPS.

Several other equities analysts have also recently weighed in on ATGE. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Barrington Research increased their price target on Adtalem Global Education from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $56.67.

Adtalem Global Education Price Performance

NYSE ATGE opened at $45.99 on Thursday. The business’s fifty day moving average price is $49.01 and its 200-day moving average price is $52.53. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Adtalem Global Education has a 1-year low of $33.59 and a 1-year high of $62.99.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Wednesday, January 31st. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.00 by $0.23. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The business had revenue of $393.24 million for the quarter, compared to the consensus estimate of $372.79 million. During the same period last year, the business posted $1.17 EPS. The company’s revenue was up 8.4% compared to the same quarter last year.

Hedge Funds Weigh In On Adtalem Global Education

A number of institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its holdings in Adtalem Global Education by 13.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 756,328 shares of the company’s stock worth $44,586,000 after purchasing an additional 90,161 shares during the period. Virtu Financial LLC bought a new position in Adtalem Global Education in the 4th quarter worth $585,000. GTS Securities LLC bought a new position in Adtalem Global Education in the 4th quarter worth $363,000. Mercer Global Advisors Inc. ADV raised its holdings in Adtalem Global Education by 13.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,574 shares of the company’s stock worth $388,000 after purchasing an additional 765 shares during the period. Finally, Barclays PLC raised its holdings in Adtalem Global Education by 192.0% in the 4th quarter. Barclays PLC now owns 66,580 shares of the company’s stock worth $3,924,000 after purchasing an additional 43,782 shares during the period. 98.84% of the stock is owned by institutional investors.

About Adtalem Global Education

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.