Laureate Education (NASDAQ:LAUR) released its quarterly earnings data on Thursday. The company reported ($0.18) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.04, Morningstar.com reports. The firm had revenue of $787.10 million for the quarter, compared to the consensus estimate of $929.30 million. Laureate Education had a return on equity of 13.74% and a net margin of 11.22%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.02) earnings per share. Laureate Education updated its FY 2018 guidance to EPS.
NASDAQ:LAUR traded up $0.05 during mid-day trading on Friday, reaching $15.90. 546,468 shares of the company’s stock traded hands, compared to its average volume of 623,605. Laureate Education has a 12-month low of $10.46 and a 12-month high of $17.15. The company has a market cap of $3.57 billion, a PE ratio of -13.25, a P/E/G ratio of 1.95 and a beta of 0.93. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.02 and a quick ratio of 1.02.
Several research analysts have recently commented on the company. Zacks Investment Research downgraded Laureate Education from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 23rd. ValuEngine upgraded Laureate Education from a “sell” rating to a “hold” rating in a report on Friday, October 12th. Citigroup lifted their price objective on Laureate Education from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 15th. Barrington Research reiterated a “buy” rating and issued a $20.00 price objective on shares of Laureate Education in a report on Friday, August 10th. Finally, Barclays reiterated a “hold” rating and issued a $17.00 price objective on shares of Laureate Education in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.39.
Large investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. increased its holdings in Laureate Education by 78.0% during the 2nd quarter. Fox Run Management L.L.C. now owns 25,619 shares of the company’s stock valued at $367,000 after purchasing an additional 11,226 shares during the period. Apollo Management Holdings L.P. purchased a new position in Laureate Education during the 2nd quarter valued at about $94,610,000. Dynamic Technology Lab Private Ltd purchased a new position in Laureate Education during the 2nd quarter valued at about $887,000. Chicago Equity Partners LLC purchased a new position in Laureate Education during the 2nd quarter valued at about $4,066,000. Finally, Daiwa SB Investments Ltd. grew its holdings in shares of Laureate Education by 59.8% during the 3rd quarter. Daiwa SB Investments Ltd. now owns 786,745 shares of the company’s stock worth $12,147,000 after acquiring an additional 294,337 shares during the period. Institutional investors own 35.24% of the company’s stock.
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About Laureate Education
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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