Adtalem Global Education (NYSE:ATGE – Get a rating) released an update to its fiscal 2022 earnings guidance Thursday morning. The company provided earnings guidance of $3.15 to $3.35 per share for the period, compared to the consensus earnings per share of $2.91. The company released revenue forecasts of $1.35 billion to $1.39 billion.
Shares of NYSE:ATGE opened at $30.74 on Thursday. The stock has a fifty-day simple moving average of $28.83 and a two-hundred-day simple moving average of $29.10. The stock has a market capitalization of $1.39 billion, a price/earnings ratio of 4.76, a PEG ratio of 0.69 and a beta of 1.13. Adtalem Global Education has a 12 month minimum of $19.14 and a 12 month maximum of $40.23. 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 (NYSE:ATGE – Get a rating) last reported quarterly earnings data on Thursday, May 5. The company reported earnings per share (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, compared to $360.34 million expected by analysts. Adtalem Global Education achieved a return on equity of 11.44% and a net margin of 23.34%. The company’s quarterly revenue increased by 30.2% compared to the same quarter last year. In the same quarter a year earlier, the company had earned earnings per share of $0.72. As a group, equity research analysts expect Adtalem Global Education to post EPS of 3.25 for the current year.
ATGE has been the subject of several recent analyst reports. StockNews.com launched coverage on Adtalem Global Education in a research note on Thursday, March 31. They issued a holding note for the company. Zacks Investment Research upgraded Adtalem Global Education from a strong sell rating to a hold rating and set a $30.00 price target for the company in a Tuesday, April 12 research note. Finally, BMO Capital Markets reduced its price target on Adtalem Global Education from $37.00 to $32.00 in a Thursday, February 10 research note. Three equity research analysts gave the stock a hold rating and one gave the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $37.33.
Separately, director Sharon O’keefe acquired 1,250 shares of the company in a transaction that took place on Wednesday, February 23. The stock was purchased at an average price of $20.63 per share, with a total value of $25,787.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. Also, director Michael W. Malafronte acquired 40,500 shares of the company in a transaction that took place on Monday, February 14. The shares were purchased at an average cost of $23.58 per share, with a total value of $954,990.00. Disclosure of this purchase can be found here. Insiders bought 42,250 shares of the company valued at $991,103 in the past ninety days. 2.75% of the shares are currently held by company insiders.
A number of large investors have recently increased or reduced their stakes in the company. Thrivent Financial for Lutherans increased its holdings in Adtalem Global Education by 1.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 40,499 shares of the company valued at $1,197,000 after purchasing an additional 549 shares during the period. US Bancorp DE increased its holdings in Adtalem Global Education by 76.7% in the first quarter. US Bancorp DE now owns 1,786 shares of the company valued at $53,000 after purchasing an additional 775 shares during the period. California State Teachers Retirement System increased its holdings in Adtalem Global Education by 2.6% during the fourth quarter. California State Teachers Retirement System now owns 66,922 shares of the company valued at $1,978,000 after purchasing an additional 1,725 shares during the period. Royal Bank of Canada increased its holdings in Adtalem Global Education by 61.1% during the third quarter. Royal Bank of Canada now owns 5,665 shares of the company valued at $214,000 after purchasing an additional 2,149 shares during the period. Finally, Credit Suisse AG increased its equity stake in Adtalem Global Education by 9.5% in the fourth quarter. Credit Suisse AG now owns 45,530 shares of the company worth $1,345,000 after acquiring 3,951 additional shares during the period. 98.59% of the shares are held by institutional investors and hedge funds.
Adtalem Global Education Company Profile (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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