Adtalem Global Education (NYSE:ATGE) Releases Fiscal 2022 Revenue Guidance

Adtalem Global Education (NYSE:ATGE) updated its fiscal 2022 earnings guidance on Tuesday. The company provided EPS guidance of $2,900 to $3,100 for the period, compared to the consensus estimate. EPS of Thomson Reuters of $4,050. The company released a revenue forecast of $1.35 billion to $1.39 billion, compared to a consensus revenue estimate of $1.66 billion.

A number of research analysts have weighed in on the company recently. BMO Capital Markets lowered its target price on Adtalem Global Education from $37.00 to $32.00 in a Thursday, February 10 report. 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 stock. in a report on Wednesday, October 20.

Shares of Action Adtalem Global Education opened at $23.49 on Tuesday. The company’s 50-day simple moving average is $29.07 and its 200-day simple moving average is $33.40. The company has a market capitalization of $1.17 billion, a P/E ratio of -335.57, a price-to-earnings growth ratio of 0.45 and a beta of 1.02. Adtalem Global Education has a 12 month minimum of $22.55 and a 12 month maximum of $41.81. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt ratio of 1.26.

Adtalem Global Education Inc (NYSE:ATGE) last released its results 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). Adtalem Global Education recorded a positive return on equity of 11.09% and a negative net margin of 0.09%. The company posted revenue of $371.20 million in the quarter, compared to $419.27 million expected by analysts. In the same period a year earlier, the company had earned earnings per share of $0.77. The company’s quarterly revenue increased by 58.4% compared to the same quarter last year. Analysts predict that Adtalem Global Education will post EPS of 4.2 for the current fiscal year.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

In related news, the President Lisa W. Wardell purchased 4,020 shares of Adtalem Global Education in a trade dated Thursday, February 10. The stock was purchased at an average price of $24.48 per share, for a total transaction of $98,409.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, Director Michael W. Malafronte purchased 40,500 shares of Adtalem Global Education in a trade dated Monday, February 14. The stock was purchased at an average price of $23.58 per share, with a total value of $954,990.00. Disclosure of this purchase can be found here. Insiders have acquired 48,657 shares of the company valued at $1,154,861 over the past three months. Insiders of the company hold 2.75% of the shares of the company.

A number of institutional investors have been buying and selling stocks recently. DE Shaw & Co. Inc. increased its position in Adtalem Global Education by 50.7% during the fourth quarter. DE Shaw & Co. Inc. now owns 207,583 shares of the company worth $6,136,000 after purchasing an additional 69,816 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Adtalem Global Education during the fourth quarter worth approximately $642,000. Credit Suisse AG increased its stake in Adtalem Global Education by 9.5% during the fourth quarter. Credit Suisse AG now owns 45,530 shares of the company worth $1,345,000 after buying 3,951 additional shares in the last quarter. State Street Corp increased its stake in Adtalem Global Education by 3.8% during the fourth quarter. State Street Corp now owns 1,776,404 shares of the company worth $52,511,000 after purchasing an additional 64,283 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Adtalem Global Education by 48.3% during the fourth quarter. Invesco Ltd. now owns 287,675 shares of the company worth $8,504,000 after purchasing an additional 93,672 shares in the last quarter. Institutional investors and hedge funds own 98.58% of the company’s shares.

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.

See also

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Adtalem Global Education right now?

Before you consider Adtalem Global Education, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Adtalem Global Education was not on the list.

Although Adtalem Global Education currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here