Adtalem Global Education (NYSE:ATGE – Get a rating) released an update to its fiscal 22 earnings guidance Thursday morning. The company provided earnings per share (EPS) guidance of $3.15 to $3.35 for the period, compared to the consensus estimate of $2.94. The company released a revenue forecast of $1.350 billion to $1.390 billion, compared to a consensus revenue estimate of $1.37 billion.
ATGE has been the subject of several recent research reports. BMO Capital Markets lowered its price target on Adtalem Global Education from $37.00 to $32.00 in a Thursday, February 10 research report. StockNews.com began covering Adtalem Global Education in a research report on Thursday, March 31. They set a holding rating for the company. To finish, Zacks Investment Research upgraded Adtalem Global Education from a strong sell rating to a hold rating and set a price target of $30.00 for the company in a Tuesday, April 12 report. Three equity research analysts rated the stock with a hold rating and one gave the company’s stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $37.33.
Shares of Action ATGE traded at $4.73 during Friday trading hours, hitting $32.95. 6,541 shares of the company were traded, against an average volume of 477,687. Adtalem Global Education has a fifty-two week low of $19.14 and a fifty-two week high of $40.23. The stock’s 50-day moving average is $28.11 and its 200-day moving average is $29.24. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt ratio of 1.24. The company has a market capitalization of $1.64 billion, a price/earnings ratio of -188.13, a P/E/G ratio of 0.64 and a beta of 1.13.
Adtalem Global Education (NYSE:ATGE – Get a rating) last released its quarterly results on Tuesday, February 8. The company reported EPS of $0.75 for the quarter, missing analyst consensus estimates of $0.96 per ($0.21). 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 $371.20 million in the quarter, compared to $419.27 million expected by analysts. In the same quarter last year, the company posted earnings per share of $0.77. The company’s quarterly revenue increased by 58.4% compared to the same quarter last year. Equity analysts expect Adtalem Global Education to post 3 EPS for the current year.
In other Adtalem Global Education news, President Lisa W. Wardell purchased 4,020 shares of Adtalem Global Education in a trade on Thursday, February 10. The stock was purchased at an average cost of $24.48 per share, with a total value of $98,409.60. The transaction was disclosed in an SEC filing, available at this hyperlink. Additionally, director Sharon O’keefe purchased 1,250 shares of the company in a transaction that took place on Wednesday, February 23. The shares were purchased at an average cost of $20.63 per share, for a total transaction of $25,787.50. Disclosure of this purchase can be found here. Insiders acquired a total of 50,357 shares of the company worth $1,189,521 over the past 90 days. 2.75% of the shares are currently held by insiders of the company.
Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Adtalem Global Education in the fourth quarter worth approximately $14,309,000. BlackRock Inc. increased its stake in shares of Adtalem Global Education by 3.6% in Q4. BlackRock Inc. now owns 7,898,398 shares of the company valued at $233,476,000 after purchasing an additional 272,312 shares in the last quarter. Morgan Stanley increased its position in Adtalem Global Education by 150.8% in the third quarter. Morgan Stanley now owns 198,594 shares of the company valued at $7,509,000 after buying an additional 119,394 shares in the last quarter. Invesco Ltd. increased its holdings in Adtalem Global Education by 48.3% during the 4th quarter. Invesco Ltd. now owns 287,675 shares of the company worth $8,504,000 after purchasing an additional 93,672 shares last quarter. Finally, DE Shaw & Co. Inc. strengthened its position in Adtalem Global Education by 50.7% in the 4th quarter. DE Shaw & Co. Inc. now owns 207,583 shares of the company valued at $6,136,000 after purchasing an additional 69,816 shares during the period. 98.59% of the shares are held by institutional investors.
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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