Adtalem Global Education (NYSE:ATGE – Get a rating) released its results on Thursday. The company reported earnings per share (EPS) of $0.87 for the quarter, beating consensus analyst estimates of $0.82 by $0.05, MarketWatch Earnings reports. Adtalem Global Education recorded a negative net margin of 0.51% and a positive return on equity of 10.93%. The company posted revenue of $365.60 million for the quarter, versus analyst estimates of $360.34 million. During the same period last year, the company posted EPS of $0.72. Adtalem Global Education revenue increased 30.2% compared to the same quarter last year. Adtalem Global Education updated its FY22 guidance to $3.15 – $3.35 EPS.
NYSE-ATGE traded at $2.65 during midday trading on Friday, reaching $30.87. The company had a trading volume of 1,469,846 shares, compared to an average volume of 463,053. The company has a fifty-day simple moving average of $28.31 and a two-hundred-day simple moving average of 29, $21. The stock has a market capitalization of $1.54 billion, a price/earnings ratio of 4.78, a P/E/G ratio of 0.64 and a beta of 1.13. Adtalem Global Education has a fifty-two week minimum of $19.14 and a fifty-two week maximum of $40.23. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt ratio of 1.24.
A number of research analysts have recently released reports on the stock. StockNews.com began covering Adtalem Global Education stocks in a research note on Thursday, March 31. They issued a “holding” rating on the stock. 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 research report April 12. Finally, BMO Capital Markets cut its price target on Adtalem Global Education shares from $37.00 to $32.00 in a Thursday, February 10 research report. Three research analysts gave the stock a hold rating and one gave the company’s stock a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.33.
In other Adtalem Global Education news, Director Sharon O’keefe acquired 1,250 shares of Adtalem Global Education in a transaction dated Wednesday, February 23. The stock was purchased at an average cost of $20.63 per share, with a total value of $25,787.50. The purchase was disclosed in a document filed with the SEC, accessible via the SEC website. Additionally, director Kenneth J. Phelan purchased 4,087 shares of the company in a transaction that took place on Thursday, February 10. The shares were purchased at an average cost of $24.47 per share, with a total value of $100,008.89. Disclosure of this purchase can be found here. Insiders purchased a total of 50,357 shares of the company valued at $1,189,521 over the past ninety days. 2.75% of the shares are held by insiders.
A number of hedge funds have recently changed their positions in ATGE. Royal Bank of Canada increased its stake in Adtalem Global Education by 61.1% during the third quarter. Royal Bank of Canada now owns 5,665 shares of the company valued at $214,000 after buying 2,149 more shares in the last quarter. Squarepoint Ops LLC purchased a new position in Adtalem Global Education during Q4, valued at approximately $642,000. Allianz Asset Management GmbH increased its stake in Adtalem Global Education by 240.5% during the 4th quarter. Allianz Asset Management GmbH now owns 26,455 shares of the company valued at $782,000 after purchasing an additional 18,686 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Adtalem Global Education by 1.4% during Q4. Thrivent Financial for Lutherans now owns 40,499 shares of the company valued at $1,197,000 after purchasing an additional 549 shares in the last quarter. Finally, Credit Suisse AG increased its stake in Adtalem Global Education by 9.5% in the 4th quarter. Credit Suisse AG now owns 45,530 shares of the company valued at $1,345,000 after buying 3,951 additional shares in the last quarter. 98.59% of the shares are held by hedge funds and other institutional investors.
Adtalem Global Education Company Profile (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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