Adtalem Global Education (NYSE: ATGE – Get a rating) is expected to report earnings after the market closes on Thursday, May 5. Analysts expect the company to report earnings of $0.88 per share for the quarter. Adtalem Global Education has set its FY2022 guidance at $2,900-$3,100 EPS and its FY22 guidance at $2.90-$3.10 EPS. Those interested in listening to the company’s earnings conference call can do so using this link.
Adtalem Global Education (NYSE: ATGE – Get a rating) last released its quarterly earnings data on Tuesday, February 8. The company reported earnings per share (EPS) of $0.75 for the quarter, missing Thomson Reuters consensus estimate of $0.96 per ($0.21). Adtalem Global Education recorded a positive return on equity of 10.93% and a negative net margin of 0.51%. The company posted revenue of $371.20 million for the quarter, versus analyst estimates of $419.27 million. In the same quarter last year, the company earned earnings per share of $0.77. The company’s revenue increased 58.4% year over year. On average, analysts expect Adtalem Global Education to post EPS of $3 for the current fiscal year and EPS of $3 for the next fiscal year.
Adtalem Global Education stock opened Thursday at $29.81. The company has a market capitalization of $1.48 billion, a price/earnings ratio of -198.73, a PEG ratio of 0.67 and a beta of 1.21. The stock’s 50-day moving average is $27.06 and its 200-day moving average is $29.54. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt ratio of 1.24. Adtalem Global Education has a 12 month minimum of $19.14 and a 12 month maximum of $40.23.
Several research firms have weighed in on ATGE. Zacks Investment Research upgraded 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, April 12 research report. StockNews.com began covering Adtalem Global Education stocks in a research report on Thursday, March 31. They have set a “holding” rating on the stock. Finally, BMO Capital Markets cut its price target on Adtalem Global Education shares from $37.00 to $32.00 in a Thursday, February 10, report. Three analysts have rated the stock with a hold rating and one has assigned the company a buy rating. According to data from MarketBeat, Adtalem Global Education currently has a consensus rating of “Hold” and an average target price of $37.33.
Separately, director Sharon O’keefe purchased 1,250 shares of the company in a trade on Wednesday, February 23. The shares were 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, Chairman Lisa W. Wardell purchased 4,020 shares of the company in a transaction on Thursday, February 10. The shares were purchased at an average cost of $24.48 per share, for a total transaction of $98,409.60. Disclosure of this purchase can be found here. Over the past ninety days, insiders have purchased 50,357 shares of the company valued at $1,189,521. 2.75% of the shares are held by insiders.
A number of hedge funds have recently increased or reduced their stake in ATGE. Royal Bank of Canada increased its holdings of Adtalem Global Education shares 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 acquired a new position in shares of Adtalem Global Education during the fourth quarter at a value of $642,000. Allianz Asset Management GmbH increased its equity stake in Adtalem Global Education by 240.5% during the fourth quarter. Allianz Asset Management GmbH now owns 26,455 shares in the company worth $782,000 after purchasing an additional 18,686 shares last quarter. Thrivent Financial for Lutherans increased its equity stake in Adtalem Global Education by 1.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 40,499 shares of the company worth $1,197,000 after buying an additional 549 shares last quarter. Finally, Credit Suisse AG increased its equity stake in Adtalem Global Education by 9.5% during the fourth quarter. Credit Suisse AG now owns 45,530 shares in the company worth $1,345,000 after buying 3,951 additional shares last quarter. 98.28% of the shares are currently held by hedge funds and other 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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