Adtalem Global Education (ATGE) Expected to Announce Quarterly Earnings on Thursday

Adtalem Global Education (NYSE:ATGE) will likely be issuing its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $1.39 per share and revenue of $429.24 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. During the same period in the prior year, the business posted $0.93 earnings per share. Adtalem Global Education’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts expect Adtalem Global Education to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Adtalem Global Education Price Performance

ATGE stock opened at $97.99 on Wednesday. Adtalem Global Education has a 1 year low of $43.78 and a 1 year high of $100.54. The company has a market cap of $3.67 billion, a P/E ratio of 22.42, a PEG ratio of 1.13 and a beta of 0.96. The firm has a 50-day moving average of $92.47 and a 200 day moving average of $81.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ATGE. BMO Capital Markets raised their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Barrington Research raised their target price on shares of Adtalem Global Education from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 17th.

Insider Buying and Selling

In other news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. This represents a 25.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.