Adtalem Global Education (ATGE) will publish its quarterly results on Thursday


Adtalem Global Education (NYSE:ATGEGet a rating) is expected to release earnings data after the market closes on Thursday, May 5. Analysts expect Adtalem Global Education to post earnings of $0.88 per share for the quarter. Adtalem Global Education has set its FY2022 guidance at $2,900-$3,100 EPS and its FY22 guidance at $2.90-$3.10 EPS. Investors wishing to register for the company’s conference call can do so using this link.

Adtalem Global Education (NYSE:ATGEGet a rating) last released its quarterly earnings data on Tuesday, February 8. The company reported earnings per share (EPS) of $0.75 for the quarter, missing the Zacks consensus estimate of $0.96 per ($0.21). The company posted revenue of $371.20 million for the quarter, versus a consensus estimate of $419.27 million. Adtalem Global Education recorded a positive return on equity of 10.93% and a negative net margin of 0.51%. Adtalem Global Education revenue for the quarter increased 58.4% compared to the same quarter last year. During the same period last year, the company achieved EPS of $0.77. On average, analysts expect Adtalem Global Education to post EPS of $3 for the current fiscal year and EPS of $3 for the next fiscal year.

Action ATGE opened at $29.81 on Thursday. Adtalem Global Education has a 1 year minimum of $19.14 and a 1 year maximum of $40.23. The stock has a market capitalization of $1.48 billion, a PE ratio of -198.73, a growth price-earnings ratio of 0.67 and a beta of 1.21. The company has a debt ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. The company’s 50-day moving average is $27.06 and its 200-day moving average is $29.54.

Separately, director Kenneth J. Phelan purchased 4,087 shares of the company in a transaction dated Thursday, February 10. The stock was purchased at an average price of $24.47 per share, for a total transaction of $100,008.89. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, President Lisa W. Wardell acquired 4,020 shares of Adtalem Global Education in a transaction that took place on Thursday, February 10. The shares were acquired at an average price of $24.48 per share, with a total value of $98,409.60. Disclosure of this purchase can be found here. In the past 90 days, insiders have purchased 50,357 shares of the company valued at $1,189,521. 2.75% of the shares are currently held by insiders of the company.

A number of large investors have recently changed their positions in the company. Norges Bank bought a new position in Adtalem Global Education in Q4 worth $14,309,000. Barclays PLC increased its stake in Adtalem Global Education by 65.2% in Q4. Barclays PLC now owns 72,713 shares in the company valued at $2,150,000 after purchasing an additional 28,706 shares during the period. BlackRock Inc. increased its equity stake in Adtalem Global Education by 3.6% during the 4th quarter. BlackRock Inc. now owns 7,898,398 shares of the company worth $233,476,000 after acquiring an additional 272,312 shares in the last quarter. Wells Fargo & Company MN increased its equity stake in Adtalem Global Education by 19.7% during the 4th quarter. Wells Fargo & Company MN now owns 51,405 shares of the company worth $1,519,000 after acquiring 8,446 additional shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Adtalem Global Education shares by 240.5% during the 4th quarter. Allianz Asset Management GmbH now owns 26,455 shares in the company worth $782,000 after acquiring 18,686 additional shares in the last quarter. 98.28% of the shares are held by hedge funds and other institutional investors.

ATGE has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Adtalem Global Education from a “strong sell” rating to a “hold” rating and set a price target of $30.00 on the stock in a Tuesday 12 research report april. BMO Capital Markets lowered its price target on Adtalem Global Education shares from $37.00 to $32.00 in a Thursday, February 10 research report. To finish, StockNews.com began covering Adtalem Global Education stocks in a research note on Thursday, March 31. They issued a “holding” rating for the company. Three analysts gave the stock a hold rating and one gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.33.

About Adtalem Global Education (Get a rating)

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through two 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. This segment operates Chamberlain University, American University of the Caribbean School of Medicine, Ross University School of Medicine and Ross University School of Veterinary Medicine.

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Revenue history for Adtalem Global Education (NYSE:ATGE)



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