Adtalem Global Education (NYSE:ATGE) issued its quarterly earnings data on Thursday. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04, Briefing.com reports. The firm had revenue of $284.19 million for the quarter, compared to analyst estimates of $296.12 million. Adtalem Global Education had a return on equity of 10.49% and a net margin of 2.38%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS.
Shares of NYSE ATGE traded up $2.79 during mid-day trading on Friday, hitting $52.79. 1,409,838 shares of the stock traded hands, compared to its average volume of 458,162. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.19. Adtalem Global Education has a 52 week low of $30.71 and a 52 week high of $56.45. The firm has a market capitalization of $3.01 billion, a PE ratio of 19.18, a P/E/G ratio of 1.38 and a beta of 0.71.
In other Adtalem Global Education news, insider Carlos Filgueiras sold 12,426 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $48.32, for a total value of $600,424.32. Following the sale, the insider now directly owns 16,482 shares of the company’s stock, valued at $796,410.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ronald L. Taylor sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $48.64, for a total value of $2,432,000.00. Following the completion of the sale, the insider now directly owns 450,615 shares in the company, valued at $21,917,913.60. The disclosure for this sale can be found here. Insiders have sold 77,558 shares of company stock worth $3,764,240 over the last 90 days. 1.91% of the stock is currently owned by corporate insiders.
ATGE has been the topic of several research reports. Barrington Research restated a “buy” rating and set a $60.00 price target on shares of Adtalem Global Education in a research report on Friday, October 5th. Robert W. Baird lifted their price target on Adtalem Global Education from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday. Zacks Investment Research lowered Adtalem Global Education from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. BMO Capital Markets restated a “buy” rating and set a $56.00 price target on shares of Adtalem Global Education in a research report on Wednesday, July 11th. Finally, Piper Jaffray Companies lifted their price target on Adtalem Global Education to $63.00 and gave the company an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $57.80.
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.
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