Brokerages predict that Laureate Education Inc (NASDAQ:LAUR) will report $913.87 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Laureate Education’s earnings. The highest sales estimate is $915.60 million and the lowest is $911.00 million. Laureate Education reported sales of $1.26 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 27.5%. The firm is scheduled to announce its next earnings report on Tuesday, March 19th.
According to Zacks, analysts expect that Laureate Education will report full-year sales of $3.51 billion for the current financial year, with estimates ranging from $3.35 billion to $3.84 billion. For the next year, analysts forecast that the company will report sales of $3.35 billion, with estimates ranging from $3.33 billion to $3.38 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Laureate Education.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Thursday, November 8th. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.04. Laureate Education had a net margin of 11.83% and a return on equity of 14.99%. The business had revenue of $787.10 million during the quarter, compared to the consensus estimate of $929.30 million. During the same quarter in the prior year, the firm earned ($1.02) EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis.
Several research firms have issued reports on LAUR. Barclays restated a “hold” rating and issued a $17.00 price target on shares of Laureate Education in a research report on Friday, August 10th. ValuEngine upgraded shares of Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Barrington Research reiterated a “buy” rating and set a $20.00 price target 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 report on Wednesday, August 15th. Finally, Zacks Investment Research cut shares of Laureate Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Laureate Education currently has an average rating of “Buy” and an average target price of $18.44.
Shares of LAUR traded down $0.10 during mid-day trading on Monday, hitting $14.97. 967,900 shares of the company’s stock were exchanged, compared to its average volume of 607,308. Laureate Education has a twelve month low of $12.42 and a twelve month high of $17.15. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of -12.28, a price-to-earnings-growth ratio of 1.55 and a beta of 0.90. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.28.
In other Laureate Education news, major shareholder Alberta Lp Wengen sold 14,087,500 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $13.44, for a total transaction of $189,336,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Paula R. Singer sold 7,703 shares of the firm’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $14.89, for a total value of $114,697.67. Following the transaction, the chief executive officer now owns 60,661 shares in the company, valued at $903,242.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,110,609 shares of company stock valued at $189,677,551. Insiders own 13.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LAUR. Apollo Management Holdings L.P. bought a new stake in Laureate Education in the 2nd quarter valued at about $94,610,000. Dimensional Fund Advisors LP grew its holdings in Laureate Education by 735.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 686,605 shares of the company’s stock valued at $9,839,000 after buying an additional 604,384 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of Laureate Education during the third quarter worth about $2,191,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Laureate Education during the second quarter worth about $887,000. Finally, Chicago Equity Partners LLC grew its holdings in shares of Laureate Education by 2.2% during the third quarter. Chicago Equity Partners LLC now owns 289,965 shares of the company’s stock worth $4,477,000 after purchasing an additional 6,210 shares in the last quarter. Institutional investors own 35.68% of the company’s stock.
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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