Adtalem Global Education (ATGE) is expected to announce its results on Thursday

Adtalem Global Education (NYSE:ATGEGet a rating) is expected to release earnings data after the market closes on Thursday, November 3. Analysts expect Adtalem Global Education to post earnings of $0.71 per share for the quarter. Adtalem Global Education has pegged its guidance for FY23 at $3.95-4.20 EPS. Parties wishing to register for the company’s conference call may do so using this link.

Adtalem Global Education (NYSE:ATGEGet a rating) last released its quarterly results on Thursday, August 11. The company reported earnings per share of $1.31 for the quarter, beating analyst consensus estimates of $1.28 by $0.03. Adtalem Global Education achieved a return on equity of 12.38% and a net margin of 21.97%. The company posted revenue of $361.23 million for the quarter, versus a consensus estimate of $348.90 million. During the same period of the previous year, the company achieved EPS of $0.70. The company’s revenue for the quarter increased 61.6% year over year. On average, analysts expect Adtalem Global Education to post EPS of $4 for the current fiscal year and EPS of $4 for the next fiscal year.

Adtalem Global Education Stock down 1.1%

Action ATGE opened at $40.47 on Thursday. The stock’s 50-day simple moving average is $37.78 and its 200-day simple moving average is $35.41. Adtalem Global Education has a fifty-two week minimum of $19.14 and a fifty-two week maximum of $41.40. The company has a debt ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $1.84 billion, a P/E ratio of 6.26, a price-to-earnings growth ratio of 0.62 and a beta of 0.98.

Insider activity

In other news, Director Lyle Logan sold 2,600 shares of the company in a trade that took place on Thursday, September 15. The stock was sold at an average price of $38.14, for a total value of $99,164.00. Following completion of the transaction, the administrator now directly owns 29,323 shares of the company, valued at $1,118,379.22. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. 3.30% of the shares are currently held by company insiders.

Hedge funds weigh on Adtalem Global Education

Institutional investors have recently changed their stake in the company. PDT Partners LLC increased its stake in Adtalem Global Education by 132.6% during the first quarter. PDT Partners LLC now owns 21,826 shares of the company valued at $648,000 after purchasing an additional 12,442 shares during the period. Royal Bank of Canada increased its holdings in Adtalem Global Education by 12.9% in the first quarter. Royal Bank of Canada now owns 20,457 shares of the company valued at $607,000 after purchasing an additional 2,343 shares during the period. Walleye Capital LLC increased its holdings in Adtalem Global Education by 26.7% during the second quarter. Walleye Capital LLC now owns 8,591 shares of the company valued at $309,000 after purchasing an additional 1,808 shares during the period. Envestnet Asset Management Inc. bought a new position in Adtalem Global Education during the second quarter worth $258,000. Finally, Centiva Capital LP bought a new position in Adtalem Global Education during the second quarter at a value of $216,000.

Analyst upgrades and downgrades

A number of analysts have commented on ATGE shares. StockNews.com began covering Adtalem Global Education in a report on Wednesday, October 12. They set a “hold” rating for the company. Robert W. Baird raised his price target on Adtalem Global Education from $31.00 to $40.00 in a Friday, August 12 report. Finally, Barrington Research raised its price target on Adtalem Global Education from $40.00 to $46.00 and gave the stock an “outperform” rating in a Friday, August 12 report.

About Adtalem Global Education

(Get a rating)

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions post-secondary education sector. This segment operates Chamberlain University.

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Revenue history for Adtalem Global Education (NYSE:ATGE)

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