Wall Street brokerages expect Laureate Education Inc. (NASDAQ:LAUR) to announce $970.79 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Laureate Education’s earnings. The lowest sales estimate is $965.56 million and the highest is $979.00 million. The company is scheduled to report its next quarterly earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that Laureate Education will report full-year sales of $970.79 million for the current fiscal year, with estimates ranging from $4.35 billion to $4.40 billion. For the next year, analysts forecast that the firm will report sales of $4.59 billion per share, with estimates ranging from $4.52 billion to $4.69 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Laureate Education.
Laureate Education (NASDAQ:LAUR) last issued its earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.25. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.24 billion. The company’s revenue was up 3.7% on a year-over-year basis.
A number of equities research analysts have commented on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $19.00 price target on shares of Laureate Education in a research report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 price target (up previously from $20.00) on shares of Laureate Education in a research report on Friday, July 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Laureate Education currently has an average rating of “Buy” and an average target price of $17.10.
Shares of Laureate Education (NASDAQ LAUR) traded down 0.07% during trading on Friday, reaching $14.70. The company’s stock had a trading volume of 504,459 shares. The firm has a market cap of $2.48 billion and a PE ratio of 237.10. The company’s 50 day moving average price is $15.51 and its 200 day moving average price is $15.36. Laureate Education has a 12 month low of $12.12 and a 12 month high of $18.96.
In related news, COO Ricardo M. Berckemeyer sold 47,983 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total transaction of $685,677.07. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Patro sold 16,383 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $15.21, for a total value of $249,185.43. The disclosure for this sale can be found here. Insiders own 13.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc boosted its position in shares of Laureate Education by 61.2% during the 2nd quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock valued at $150,000 after purchasing an additional 3,240 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Laureate Education during the 2nd quarter valued at about $122,000. First Mercantile Trust Co. bought a new stake in shares of Laureate Education during the 2nd quarter valued at about $150,000. Nationwide Fund Advisors boosted its position in shares of Laureate Education by 91.2% during the 2nd quarter. Nationwide Fund Advisors now owns 19,600 shares of the company’s stock valued at $344,000 after purchasing an additional 9,349 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Laureate Education by 12.3% during the 2nd quarter. Wells Fargo & Company MN now owns 86,551 shares of the company’s stock valued at $1,517,000 after purchasing an additional 9,477 shares in the last quarter. Institutional investors own 20.81% of the company’s stock.
Laureate Education Company Profile
Laureate Education, Inc operates a network of degree-granting higher education institution. The Company operates in four segments: Latin America (LatAm); Europe; Asia, Middle East and Africa (AMEA), and Global Products and Services (GPS). The Company’s network includes approximately 70 institutions in over 25 countries on over 200 campuses, which the Company collectively refer to as the Laureate International Universities network.
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