Adtalem Global Education (NYSE:ATGE – Get a rating) will release its earnings data after the market closes on Thursday, August 11. Analysts expect Adtalem Global Education to post earnings of $1.28 per share for the quarter. Those interested in registering for the company’s earnings conference call can do so using this link.
Adtalem Global Education (NYSE:ATGE – Get a rating) last released its quarterly results on Thursday, May 5. The company reported EPS of $0.87 for the quarter, beating consensus analyst estimates of $0.82 by $0.05. The company posted revenue of $365.60 million in the quarter, versus analyst estimates of $360.34 million. Adtalem Global Education achieved a return on equity of 10.99% and a net margin of 23.34%. Adtalem Global Education quarterly revenue increased 30.2% compared to the same quarter last year. During the same period a year earlier, the company posted EPS of $0.72. On average, analysts expect Adtalem Global Education to post EPS of $3 for the current fiscal year and EPS of $5 for the next fiscal year.
Adtalem Global Education trades up 0.1%
NYSE-ATGE opened at $39.91 on Thursday. The company has a market capitalization of $1.80 billion, a P/E ratio of 6.18, a PEG ratio of 0.59 and a beta of 1.02. The company has a fifty-day simple moving average of $35.84 and a 200-day simple moving average of $30.66. Adtalem Global Education has a 12 month minimum of $19.14 and a 12 month maximum of $40.60. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt ratio of 0.82.
Insider Buying and Selling at Adtalem Global Education
In other Adtalem Global Education news, Director William V. Krehbiel acquired 10,000 shares of Adtalem Global Education in a transaction on Tuesday, June 14. The shares were purchased at an average price of $31.67 per share, for a total transaction of $316,700.00. Following the purchase, the director now directly owns 10,000 shares of the company, valued at $316,700. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. In other Adtalem Global Education news, SVP James Raymond Bartholomew sold 2,380 shares of the company in a trade dated Friday, May 20. The stock was sold at an average price of $31.65, for a total value of $75,327.00. Following completion of the transaction, the senior vice president now owns 2,343 shares of the company, valued at approximately $74,155.95. The sale was disclosed in a filing with the SEC, accessible via the SEC website. Additionally, manager William V. Krehbiel purchased 10,000 shares in a trade on Tuesday, June 14. The shares were acquired at an average cost of $31.67 per share, for a total transaction of $316,700.00. Following the acquisition, the director now owns 10,000 shares of the company, valued at $316,700. Disclosure of this purchase can be found here. Company insiders hold 2.75% of the company’s stock.
Adtalem Global Education Institutional Trading
Institutional investors and hedge funds have recently changed their stakes in the company. Renaissance Technologies LLC increased its equity stake in Adtalem Global Education by 313.4% in Q1. Renaissance Technologies LLC now owns 53,900 shares of the company valued at $1,601,000 after acquiring an additional 40,862 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its equity stake in Adtalem Global Education by 14.2% during Q1. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,938 shares of the company valued at $1,276,000 after purchasing 5,325 additional shares last quarter. Hsbc Holdings PLC increased its equity stake in Adtalem Global Education by 16.5% during the 1st quarter. Hsbc Holdings PLC now owns 36,391 shares of the company valued at $1,101,000 after buying an additional 5,148 shares last quarter. Allianz Asset Management GmbH increased its stake in shares of Adtalem Global Education by 28.3% during the 1st quarter. Allianz Asset Management GmbH now owns 33,940 shares of the company valued at $1,008,000 after purchasing an additional 7,485 shares last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Adtalem Global Education by 56.2% during the 1st quarter. MetLife Investment Management LLC now owns 25,935 shares of the company valued at $771,000 after purchasing an additional 9,329 shares last quarter. Hedge funds and other institutional investors own 98.59% of the company’s shares.
About Adtalem Global Education
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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