Wall Street brokerages expect Laureate Education Inc (NASDAQ:LAUR) to post $1.21 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Laureate Education’s earnings. The highest sales estimate is $1.22 billion and the lowest is $1.20 billion. Laureate Education posted sales of $1.26 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 4%. The business is expected to announce its next quarterly earnings results on Tuesday, March 19th.
On average, analysts expect that Laureate Education will report full-year sales of $4.27 billion for the current year, with estimates ranging from $4.26 billion to $4.29 billion. For the next financial year, analysts expect that the company will post sales of $4.08 billion, with estimates ranging from $3.81 billion to $4.20 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Laureate Education.
Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Thursday, November 8th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.04. The business had revenue of $787.10 million during the quarter, compared to analyst estimates of $929.30 million. Laureate Education had a net margin of 11.22% and a return on equity of 13.74%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.02) earnings per share.
LAUR has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Laureate Education from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, October 10th. Barrington Research reissued a “buy” rating and issued a $20.00 price objective on shares of Laureate Education in a research report on Friday, August 10th. Citigroup boosted their price objective on shares of Laureate Education from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. ValuEngine raised shares of Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Finally, Barclays reissued a “hold” rating and issued a $17.00 price objective on shares of Laureate Education in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $18.39.
In related news, CEO Paula R. Singer sold 7,703 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $14.89, for a total transaction of $114,697.67. Following the completion of the transaction, the chief executive officer now owns 60,661 shares of the company’s stock, valued at $903,242.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paula R. Singer sold 23,109 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $16.00, for a total transaction of $369,744.00. Following the transaction, the chief executive officer now directly owns 76,067 shares of the company’s stock, valued at approximately $1,217,072. The disclosure for this sale can be found here. Insiders have sold 38,515 shares of company stock valued at $602,375 in the last ninety days. 13.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in Laureate Education by 5.5% during the third quarter. FMR LLC now owns 4,666,491 shares of the company’s stock worth $72,050,000 after purchasing an additional 241,500 shares during the last quarter. American International Group Inc. increased its position in Laureate Education by 68.8% during the third quarter. American International Group Inc. now owns 55,464 shares of the company’s stock worth $856,000 after purchasing an additional 22,615 shares during the last quarter. BlackRock Inc. increased its position in Laureate Education by 24.3% during the third quarter. BlackRock Inc. now owns 4,900,592 shares of the company’s stock worth $75,665,000 after purchasing an additional 956,777 shares during the last quarter. Martingale Asset Management L P acquired a new stake in shares of Laureate Education in the third quarter worth $1,557,000. Finally, Bank of New York Mellon Corp increased its position in shares of Laureate Education by 43.4% in the third quarter. Bank of New York Mellon Corp now owns 294,697 shares of the company’s stock worth $4,550,000 after acquiring an additional 89,193 shares in the last quarter. 35.24% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:LAUR opened at $15.90 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $3.44 billion, a PE ratio of -13.25, a PEG ratio of 1.88 and a beta of 0.93. Laureate Education has a 1-year low of $10.46 and a 1-year high of $17.15.
Laureate Education Company Profile
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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