Adtalem Global Education Inc (NYSE:ATGE) Expected to Post Quarterly Sales of $260.41 Million

Wall Street analysts forecast that Adtalem Global Education Inc (NYSE:ATGE) will post sales of $260.41 million for the current quarter, Zacks reports. Two analysts have made estimates for Adtalem Global Education’s earnings, with the lowest sales estimate coming in at $260.00 million and the highest estimate coming in at $260.82 million. Adtalem Global Education reported sales of $330.29 million in the same quarter last year, which would suggest a negative year over year growth rate of 21.2%. The firm is expected to issue its next earnings report on Thursday, August 27th.

On average, analysts expect that Adtalem Global Education will report full-year sales of $1.05 billion for the current year. For the next financial year, analysts forecast that the firm will report sales of $1.12 billion, with estimates ranging from $1.12 billion to $1.13 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.14. Adtalem Global Education had a return on equity of 11.19% and a net margin of 19.62%. The company had revenue of $271.50 million for the quarter, compared to analyst estimates of $274.08 million. During the same quarter last year, the firm earned $0.68 EPS. Adtalem Global Education’s revenue for the quarter was down 12.0% compared to the same quarter last year.

ATGE has been the topic of several recent analyst reports. Zacks Investment Research raised Adtalem Global Education from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, April 28th. ValuEngine raised Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Robert W. Baird boosted their price target on Adtalem Global Education from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Barrington Research decreased their price target on Adtalem Global Education from $42.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Adtalem Global Education currently has a consensus rating of “Buy” and an average price target of $40.00.

ATGE stock traded up $0.24 during trading on Monday, hitting $32.96. The company had a trading volume of 202,948 shares, compared to its average volume of 495,519. The company has a fifty day moving average price of $29.35 and a two-hundred day moving average price of $31.87. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.69 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.13 and a beta of 1.05. Adtalem Global Education has a fifty-two week low of $19.76 and a fifty-two week high of $51.79.

In other Adtalem Global Education news, insider Thiago Aguiar Sayao sold 1,368 shares of Adtalem Global Education stock in a transaction on Friday, February 28th. The stock was sold at an average price of $29.74, for a total value of $40,684.32. Following the completion of the transaction, the insider now owns 1,830 shares in the company, valued at approximately $54,424.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.46% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ATGE. International Value Advisers LLC raised its position in shares of Adtalem Global Education by 129.5% during the first quarter. International Value Advisers LLC now owns 3,960,426 shares of the company’s stock worth $106,100,000 after acquiring an additional 2,234,525 shares during the last quarter. FIL Ltd raised its position in shares of Adtalem Global Education by 664.9% during the fourth quarter. FIL Ltd now owns 1,529,793 shares of the company’s stock worth $53,497,000 after acquiring an additional 1,329,793 shares during the last quarter. Norges Bank bought a new stake in shares of Adtalem Global Education during the fourth quarter worth $26,702,000. Ariel Investments LLC raised its position in shares of Adtalem Global Education by 64.1% during the fourth quarter. Ariel Investments LLC now owns 1,565,767 shares of the company’s stock worth $54,755,000 after acquiring an additional 611,821 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in Adtalem Global Education by 61.4% in the first quarter. Frontier Capital Management Co. LLC now owns 1,507,616 shares of the company’s stock valued at $40,389,000 after purchasing an additional 573,442 shares during the last quarter. Institutional investors own 98.49% 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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