Press coverage about Adtalem Global Education (NYSE:ATGE) has trended positive on Monday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Adtalem Global Education earned a media sentiment score of 0.32 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.4694002921573 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of NYSE:ATGE opened at $48.05 on Monday. Adtalem Global Education has a 52 week low of $30.15 and a 52 week high of $50.00. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $2,896.31, a price-to-earnings ratio of 17.22, a PEG ratio of 1.87 and a beta of 0.91.
Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. Adtalem Global Education had a net margin of 0.86% and a return on equity of 9.92%. The company had revenue of $337.24 million for the quarter, compared to the consensus estimate of $435.56 million. During the same period in the prior year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. research analysts forecast that Adtalem Global Education will post 2.78 earnings per share for the current year.
A number of brokerages have commented on ATGE. ValuEngine raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Robert W. Baird increased their price objective on shares of Adtalem Global Education from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets dropped their price objective on shares of Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Adtalem Global Education presently has an average rating of “Buy” and a consensus price target of $50.33.
In related news, insider Carlos Filgueiras sold 36,605 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $46.80, for a total value of $1,713,114.00. Following the transaction, the insider now directly owns 15,407 shares of the company’s stock, valued at approximately $721,047.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa W. Wardell sold 61,056 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $49.80, for a total transaction of $3,040,588.80. Following the completion of the transaction, the insider now directly owns 168,157 shares in the company, valued at $8,374,218.60. The disclosure for this sale can be found here. Insiders sold a total of 295,286 shares of company stock worth $13,851,648 over the last ninety days. Insiders own 3.04% of the company’s stock.
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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.
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