Laureate Education (LAUR) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

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.

In related news, CEO Paula R. Singer sold 23,109 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $16.00, for a total transaction of $369,744.00. Following the transaction, the chief executive officer now owns 76,067 shares in the company, valued at approximately $1,217,072. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Paula R. Singer sold 7,703 shares of the business’s stock in a transaction dated 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 approximately $903,242.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,515 shares of company stock worth $602,375. 13.10% of the stock is owned by company insiders.

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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Earnings History for Laureate Education (NASDAQ:LAUR)

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