Adtalem Global Education Inc (ATGE) Expected to Post Quarterly Sales of $327.46 Million

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.

Further Reading: How does new data get added to a blockchain?

Get a free copy of the Zacks research report on Adtalem Global Education (ATGE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Adtalem Global Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education and related companies with MarketBeat.com's FREE daily email newsletter.