Zacks: Analysts Anticipate Adtalem Global Education Inc (ATGE) to Announce $0.72 Revenue Per Share

Zacks: Analysts Anticipate Adtalem Global Education Inc (ATGE) to Announce $0.72 Revenue Per Share

Wall Street brokerages expect that Adtalem Global Education Inc (NYSE:ATGE) will report earnings per share (EPS) of $0.72 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Adtalem Global Education’s earnings, with the lowest EPS estimate coming in at $0.68 and the highest estimate coming in at $0.80. Adtalem Global Education posted earnings per share of $0.65 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.8%. The business is expected to announce its next earnings report on Thursday, August 17th.

According to Zacks, analysts expect that Adtalem Global Education will report full-year earnings of $2.70 per share for the current fiscal year, with EPS estimates ranging from $2.68 to $2.74. For the next year, analysts forecast that the firm will report earnings of $2.89 per share, with EPS estimates ranging from $2.77 to $2.95. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, May 4th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The firm had revenue of $452.10 million during the quarter, compared to the consensus estimate of $458.21 million. Adtalem Global Education had a net margin of 4.40% and a return on equity of 10.93%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share.

A number of equities research analysts recently weighed in on ATGE shares. Zacks Investment Research raised shares of Adtalem Global Education from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Monday, May 8th. BMO Capital Markets reaffirmed a “hold” rating and set a $37.00 price target on shares of Adtalem Global Education in a report on Wednesday, April 12th. Finally, TheStreet raised shares of Adtalem Global Education from a “c+” rating to a “b-” rating in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Adtalem Global Education has an average rating of “Hold” and a consensus price target of $32.86.

In other Adtalem Global Education news, insider Donna Jennings sold 10,000 shares of the firm’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $36.50, for a total transaction of $365,000.00. Following the completion of the transaction, the insider now directly owns 15,185 shares of the company’s stock, valued at approximately $554,252.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.61% of the stock is owned by company insiders.

Shares of Adtalem Global Education (ATGE) traded up 0.54% during trading on Friday, hitting $37.40. 552,719 shares of the company were exchanged. The stock has a market cap of $2.34 billion, a P/E ratio of 34.66 and a beta of 1.07. Adtalem Global Education has a 12 month low of $15.36 and a 12 month high of $40.70. The company’s 50-day moving average price is $37.36 and its 200 day moving average price is $33.59.

Adtalem Global Education Company Profile

Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ATGE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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