Equities research analysts expect Adtalem Global Education Inc (NYSE:ATGE) to post sales of $327.46 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Adtalem Global Education’s earnings. The lowest sales estimate is $324.77 million and the highest is $329.00 million. Adtalem Global Education reported sales of $319.79 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The firm is expected to issue its next quarterly earnings results on Thursday, August 15th.
On average, analysts expect that Adtalem Global Education will report full year sales of $1.24 billion for the current financial year, with estimates ranging from $1.23 billion to $1.24 billion. For the next year, analysts expect that the company will post sales of $1.30 billion, with estimates ranging from $1.29 billion to $1.30 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Adtalem Global Education.
Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The firm had revenue of $308.61 million during the quarter, compared to the consensus estimate of $315.35 million. Adtalem Global Education had a net margin of 8.83% and a return on equity of 11.38%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share.
ATGE has been the subject of a number of analyst reports. ValuEngine downgraded shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Zacks Investment Research downgraded shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Barrington Research reissued a “buy” rating and set a $62.00 target price on shares of Adtalem Global Education in a research note on Friday, May 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $50.00 target price on shares of Adtalem Global Education in a research note on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $55.60.
NYSE ATGE traded up $0.34 during mid-day trading on Friday, reaching $43.78. 4,495 shares of the stock were exchanged, compared to its average volume of 336,433. Adtalem Global Education has a one year low of $42.36 and a one year high of $58.80. The company has a market capitalization of $2.47 billion, a PE ratio of 15.76, a P/E/G ratio of 1.16 and a beta of 0.86. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.
In other Adtalem Global Education news, insider Patrick J. Unzicker sold 2,953 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $43.07, for a total value of $127,185.71. Following the completion of the sale, the insider now directly owns 36,070 shares in the company, valued at $1,553,534.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.91% of the company’s stock.
Large investors have recently bought and sold shares of the business. Natixis Advisors L.P. raised its stake in Adtalem Global Education by 31.3% during the fourth quarter. Natixis Advisors L.P. now owns 76,416 shares of the company’s stock worth $3,616,000 after buying an additional 18,228 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Adtalem Global Education by 1.8% during the fourth quarter. BlackRock Inc. now owns 6,812,266 shares of the company’s stock valued at $322,355,000 after buying an additional 123,662 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Adtalem Global Education by 39.8% during the fourth quarter. Two Sigma Advisers LP now owns 42,000 shares of the company’s stock valued at $1,987,000 after buying an additional 11,954 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Adtalem Global Education during the fourth quarter valued at about $1,659,000. Finally, United Services Automobile Association grew its holdings in shares of Adtalem Global Education by 3.9% during the fourth quarter. United Services Automobile Association now owns 13,089 shares of the company’s stock valued at $619,000 after buying an additional 486 shares during the last quarter. Institutional investors and hedge funds own 97.71% 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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