Analysts Anticipate Adtalem Global Education Inc (NYSE:ATGE) Will Announce Earnings of $0.96 Per Share

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Analysts expect that Adtalem Global Education Inc (NYSE:ATGE) will post earnings of $0.96 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Adtalem Global Education’s earnings, with the lowest EPS estimate coming in at $0.95 and the highest estimate coming in at $0.97. Adtalem Global Education reported earnings of $0.86 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.6%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, August 22nd.

On average, analysts expect that Adtalem Global Education will report full-year earnings of $2.83 per share for the current financial year, with EPS estimates ranging from $2.82 to $2.84. For the next fiscal year, analysts expect that the company will post earnings of $3.10 per share, with EPS estimates ranging from $3.05 to $3.19. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Adtalem Global Education.

Several brokerages have issued reports on ATGE. Zacks Investment Research downgraded shares of Adtalem Global Education from a “hold” rating to a “sell” rating and set a $48.00 price objective for the company. in a research report on Thursday, July 4th. Barrington Research restated a “buy” rating and set a $55.00 price objective on shares of Adtalem Global Education in a research report on Thursday, May 16th. Finally, BMO Capital Markets restated an “outperform” rating and set a $50.00 price objective on shares of Adtalem Global Education in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $54.00.

Adtalem Global Education stock traded down $0.05 during midday trading on Thursday, reaching $49.96. 7,958 shares of the company’s stock were exchanged, compared to its average volume of 251,486. The stock’s 50-day simple moving average is $47.07 and its 200 day simple moving average is $46.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 1.26 and a beta of 0.89. Adtalem Global Education has a 52 week low of $42.36 and a 52 week high of $58.80.

In other Adtalem Global Education news, insider Patrick J. Unzicker sold 2,953 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $43.07, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.91% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. acquired a new stake in shares of Adtalem Global Education in the first quarter valued at approximately $56,000. Royal Bank of Canada increased its stake in Adtalem Global Education by 222.1% in the second quarter. Royal Bank of Canada now owns 2,938 shares of the company’s stock valued at $133,000 after acquiring an additional 2,026 shares during the last quarter. Bank of Montreal Can increased its stake in Adtalem Global Education by 66.7% in the first quarter. Bank of Montreal Can now owns 4,470 shares of the company’s stock valued at $207,000 after acquiring an additional 1,789 shares during the last quarter. AMP Capital Investors Ltd bought a new position in Adtalem Global Education in the second quarter valued at approximately $256,000. Finally, Sciencast Management LP bought a new position in Adtalem Global Education in the first quarter valued at approximately $270,000. Institutional investors own 96.56% of the company’s stock.

Adtalem Global Education Company Profile

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

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