Adtalem Global Education (NYSE:ATGE) is expected to release quarterly earnings data after market close on Tuesday, February 8. Analysts expect the company to report earnings of $1.11 per share for the quarter. Adtalem Global Education has set its FY2022 guidance at $4,200-$4,450 EPS and its FY22 guidance at $4.20-$4.25 EPS. Parties wishing to register for the company’s conference call may do so using this link.
Adtalem Global Education (NYSE:ATGE) last reported quarterly earnings data on Wednesday, November 3. The company reported EPS of $0.62 for the quarter, missing the consensus estimate of $0.74 per ($0.12). The company posted revenue of $348.33 million for the quarter, compared to $351.65 million expected by analysts. Adtalem Global Education recorded a negative net margin of 0.09% and a positive return on equity of 11.09%. During the same period a year earlier, the company posted EPS of $0.78. On average, analysts expect Adtalem Global Education to post EPS of $4 for the current fiscal year and EPS of $5 for the next fiscal year.
Shares of Adtalem Global Education opened at $29.42 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt ratio of 1.26. The company has a market capitalization of $1.46 billion, a P/E ratio of -420.29, a P/E/G ratio of 0.47 and a beta of 1.06. The company has a fifty-day simple moving average of $29.79 and a two-hundred-day simple moving average of $34.04. Adtalem Global Education has a 12 month minimum of $26.66 and a 12 month maximum of $43.85.
ATGE has been the subject of several recent research reports. TheStreet downgraded Adtalem Global Education from a “b-” rating to a “c+” rating in a research report on Monday, October 11. Zacks Investment Research downgraded Adtalem Global Education from a “strong buy” rating to a “hold” rating and set a price target of $38.00 for the company. in a report on Wednesday, October 20.
In other Adtalem Global Education news, CEO Stephen W. Beard acquired 1,000 shares of Adtalem Global Education in a transaction that took place on Tuesday, November 9th. The stock was purchased at an average price of $32.84 per share, for a total transaction of $32,840.00. The purchase was disclosed in a document filed with the SEC, accessible via this link. Additionally, Director Michael W. Malafronte acquired 21,500 shares of Adtalem Global Education in a transaction that took place on Monday, November 8. The shares were acquired at an average price of $32.99 per share, with a total value of $709,285.00. Disclosure of this purchase can be found here. Insiders bought 22,550 shares of the company valued at $743,578 in the past 90 days. Company insiders own 2.75% of the company’s shares.
An institutional investor recently increased his position in Adtalem Global Education stock. Royal Bank of Canada increased its position in Adtalem Global Education Inc. (NYSE: ATGE) by 61.1% during Q3, according to its most recent Form 13F filing with the SEC. The fund held 5,665 shares of the company after purchasing an additional 2,149 shares during the period. Royal Bank of Canada’s holdings in Adtalem Global Education were worth $214,000 when it last filed with the SEC. 98.58% of the shares are held by institutional investors and hedge funds.
About Adtalem Global Education
Adtalem Global Education, Inc is committed to providing workforce solutions. It operates through the following segments: Medical and Healthcare, and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare post-secondary education sector.
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