$0.71 Earnings Per Share Expected for Adtalem Global Education (ATGE) This Quarter

Brokerages expect that Adtalem Global Education (NYSE:ATGE) will report earnings per share (EPS) of $0.71 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Adtalem Global Education’s earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.72. Adtalem Global Education reported earnings per share of $0.70 in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, May 3rd.

According to Zacks, analysts expect that Adtalem Global Education will report full year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.76 to $2.79. For the next year, analysts anticipate that the business will post earnings of $3.20 per share, with EPS estimates ranging from $3.15 to $3.23. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Adtalem Global Education.

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Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. The business had revenue of $337.24 million for the quarter, compared to the consensus estimate of $435.56 million. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS.

Several brokerages recently issued reports on ATGE. ValuEngine raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Robert W. Baird raised their target price on Adtalem Global Education from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets lowered their target price on Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Adtalem Global Education presently has an average rating of “Buy” and a consensus target price of $50.33.

In related news, insider Lisa W. Wardell sold 61,056 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $49.80, for a total value of $3,040,588.80. Following the sale, the insider now directly owns 168,157 shares in the company, valued at approximately $8,374,218.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ronald L. Taylor sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $45.33, for a total value of $4,533,000.00. Following the completion of the sale, the insider now owns 643,620 shares in the company, valued at $29,175,294.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 295,286 shares of company stock worth $13,851,648. 3.04% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB acquired a new position in shares of Adtalem Global Education during the 4th quarter valued at $239,000. William Blair Investment Management LLC increased its position in shares of Adtalem Global Education by 15.5% during the 4th quarter. William Blair Investment Management LLC now owns 4,101,805 shares of the company’s stock valued at $172,481,000 after purchasing an additional 550,779 shares during the period. HighPoint Advisor Group LLC acquired a new position in shares of Adtalem Global Education during the 4th quarter valued at $737,000. MetLife Investment Advisors LLC acquired a new position in shares of Adtalem Global Education during the 4th quarter valued at $2,767,000. Finally, Vident Investment Advisory LLC increased its position in shares of Adtalem Global Education by 6.5% during the 4th quarter. Vident Investment Advisory LLC now owns 81,542 shares of the company’s stock valued at $3,429,000 after purchasing an additional 4,983 shares during the period.

Shares of NYSE ATGE opened at $49.50 on Friday. The company has a market capitalization of $2,983.71, a P/E ratio of 17.74, a P/E/G ratio of 1.93 and a beta of 0.91. Adtalem Global Education has a 12-month low of $30.15 and a 12-month high of $50.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.58 and a current ratio of 1.58.

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About Adtalem Global Education

Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.

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