Adtalem Global Education Inc (ATGE) Expected to Post FY2018 Earnings of $2.76 Per Share

Adtalem Global Education Inc (NYSE:ATGE) – Barrington Research cut their FY2018 earnings per share estimates for shares of Adtalem Global Education in a report issued on Wednesday. Barrington Research analyst A. Paris. Jr now anticipates that the company will post earnings per share of $2.76 for the year, down from their previous forecast of $2.80. Barrington Research also issued estimates for Adtalem Global Education’s FY2019 earnings at $3.15 EPS.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. The business had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $435.56 million. Adtalem Global Education had a return on equity of 9.71% and a net margin of 0.86%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS.

Several other equities analysts have also recently issued reports on the company. Robert W. Baird boosted their target price on Adtalem Global Education from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets reduced their target price on Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating on the stock in a research note on Wednesday. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Piper Jaffray Companies reissued a “buy” rating and set a $59.00 target price on shares of Adtalem Global Education in a research note on Monday, December 4th. Finally, BidaskClub raised Adtalem Global Education from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $50.33.

Shares of Adtalem Global Education (NYSE:ATGE) traded down $1.60 during trading on Thursday, reaching $45.25. The company’s stock had a trading volume of 635,279 shares, compared to its average volume of 642,414. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2,649.17, a PE ratio of 282.19, a P/E/G ratio of 1.88 and a beta of 1.01. Adtalem Global Education has a 1-year low of $30.15 and a 1-year high of $47.15.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New Mexico Educational Retirement Board bought a new stake in shares of Adtalem Global Education during the fourth quarter valued at approximately $648,000. California Public Employees Retirement System boosted its position in shares of Adtalem Global Education by 1.2% during the fourth quarter. California Public Employees Retirement System now owns 210,915 shares of the company’s stock valued at $8,869,000 after purchasing an additional 2,436 shares in the last quarter. M&T Bank Corp boosted its position in shares of Adtalem Global Education by 9.1% during the fourth quarter. M&T Bank Corp now owns 16,530 shares of the company’s stock valued at $695,000 after purchasing an additional 1,375 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Adtalem Global Education during the fourth quarter valued at approximately $843,000. Finally, ING Groep NV boosted its position in shares of Adtalem Global Education by 20.4% during the fourth quarter. ING Groep NV now owns 9,154 shares of the company’s stock valued at $385,000 after purchasing an additional 1,551 shares in the last quarter.

In related news, SVP Donna Jennings sold 4,582 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total transaction of $206,190.00. Following the sale, the senior vice president now directly owns 16,794 shares in the company, valued at $755,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.04% of the stock is currently owned by insiders.

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Adtalem Global Education Company Profile

Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.

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