Laureate Education (LAUR) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Laureate Education (NASDAQ:LAUR) announced its earnings results on Thursday. The company reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.04, Morningstar.com reports. Laureate Education had a return on equity of 13.74% and a net margin of 11.22%. The firm had revenue of $787.10 million for the quarter, compared to the consensus estimate of $929.30 million. During the same period in the previous year, the business earned ($1.02) EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. Laureate Education updated its FY 2018 guidance to EPS.

Laureate Education stock traded up $0.05 during trading hours on Friday, hitting $15.90. 546,468 shares of the stock traded hands, compared to its average volume of 623,605. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $3.57 billion, a PE ratio of -13.25, a PEG ratio of 1.95 and a beta of 0.93. Laureate Education has a 1 year low of $10.46 and a 1 year high of $17.15.

In other Laureate Education news, CEO Paula R. Singer sold 7,703 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $15.31, for a total transaction of $117,932.93. Following the sale, the chief executive officer now owns 68,364 shares in the company, valued at approximately $1,046,652.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Paula R. Singer sold 23,109 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $16.00, for a total value of $369,744.00. Following the sale, the chief executive officer now owns 76,067 shares in the company, valued at approximately $1,217,072. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,515 shares of company stock worth $602,375. Company insiders own 13.10% of the company’s stock.

Several hedge funds have recently modified their holdings of LAUR. Apollo Management Holdings L.P. acquired a new position in shares of Laureate Education in the 2nd quarter valued at about $94,610,000. Macquarie Group Ltd. acquired a new position in shares of Laureate Education in the 2nd quarter valued at about $15,059,000. BlackRock Inc. lifted its holdings in shares of Laureate Education by 24.3% in the 3rd quarter. BlackRock Inc. now owns 4,900,592 shares of the company’s stock valued at $75,665,000 after buying an additional 956,777 shares during the period. Millennium Management LLC lifted its holdings in shares of Laureate Education by 237.8% in the 2nd quarter. Millennium Management LLC now owns 1,341,444 shares of the company’s stock valued at $19,223,000 after buying an additional 944,299 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Laureate Education by 735.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 686,605 shares of the company’s stock valued at $9,839,000 after buying an additional 604,384 shares during the period. 35.24% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on LAUR shares. ValuEngine downgraded Laureate Education from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Citigroup boosted their target price on Laureate Education from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Barrington Research restated a “buy” rating and set a $20.00 target price on shares of Laureate Education in a research note on Friday, August 10th. Zacks Investment Research downgraded Laureate Education from a “strong-buy” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, Barclays restated a “hold” rating and set a $17.00 target price on shares of Laureate Education in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.39.

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About Laureate Education

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.

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Earnings History for Laureate Education (NASDAQ:LAUR)

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