Zacks: Analysts Anticipate Adtalem Global Education Inc (NYSE:ATGE) Will Announce Earnings of $0.46 Per Share

Wall Street analysts expect Adtalem Global Education Inc (NYSE:ATGE) to report $0.46 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Adtalem Global Education’s earnings, with estimates ranging from $0.45 to $0.47. Adtalem Global Education reported earnings of $0.45 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The firm is expected to issue its next earnings results after the market closes on Tuesday, October 29th.

According to Zacks, analysts expect that Adtalem Global Education will report full year earnings of $3.05 per share for the current financial year, with EPS estimates ranging from $3.04 to $3.06. For the next year, analysts forecast that the business will post earnings of $3.39 per share, with EPS estimates ranging from $3.29 to $3.49. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.01. Adtalem Global Education had a net margin of 7.68% and a return on equity of 11.81%. The business had revenue of $330.30 million for the quarter, compared to analysts’ expectations of $329.90 million. During the same period in the prior year, the company posted $0.86 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis.

A number of equities analysts have recently weighed in on ATGE shares. Barrington Research set a $58.00 price objective on shares of Adtalem Global Education and gave the company a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Zacks Investment Research cut shares of Adtalem Global Education from a “hold” rating to a “sell” rating and set a $44.00 price objective on the stock. in a research note on Wednesday, September 18th. Finally, Sidoti assumed coverage on shares of Adtalem Global Education in a research note on Thursday, September 12th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Adtalem Global Education has a consensus rating of “Hold” and an average price target of $54.80.

In related news, insider Patrick J. Unzicker sold 2,297 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $45.40, for a total value of $104,283.80. Following the sale, the insider now directly owns 32,908 shares of the company’s stock, valued at approximately $1,494,023.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.46% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ATGE. Victory Capital Management Inc. boosted its stake in shares of Adtalem Global Education by 31.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,070,799 shares of the company’s stock worth $48,239,000 after purchasing an additional 258,336 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Adtalem Global Education during the 2nd quarter worth about $11,168,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Adtalem Global Education by 94.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 504,708 shares of the company’s stock worth $22,737,000 after purchasing an additional 244,825 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Adtalem Global Education during the 2nd quarter worth about $10,343,000. Finally, Neumeier Poma Investment Counsel LLC boosted its stake in shares of Adtalem Global Education by 53.6% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 507,580 shares of the company’s stock worth $22,866,000 after purchasing an additional 177,100 shares during the last quarter. 98.16% of the stock is currently owned by institutional investors.

NYSE:ATGE opened at $36.33 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.29. Adtalem Global Education has a fifty-two week low of $35.12 and a fifty-two week high of $58.80. The stock has a market cap of $2.00 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.94 and a beta of 0.89. The firm’s fifty day simple moving average is $38.82 and its 200-day simple moving average is $44.37.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.

Featured Story: How much can an individual set aside as a catch-up contribution?

Get a free copy of the Zacks research report on Adtalem Global Education (ATGE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Adtalem Global Education (NYSE:ATGE)

Receive News & Ratings for Adtalem Global Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education and related companies with MarketBeat.com's FREE daily email newsletter.