Equities research analysts forecast that Laureate Education Inc (NASDAQ:LAUR) will report sales of $787.63 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Laureate Education’s earnings, with estimates ranging from $780.00 million to $803.10 million. Laureate Education posted sales of $787.10 million during the same quarter last year, which suggests a positive year over year growth rate of 0.1%. The company is scheduled to report its next quarterly earnings report on Thursday, November 14th.
On average, analysts expect that Laureate Education will report full-year sales of $3.34 billion for the current year, with estimates ranging from $3.32 billion to $3.35 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.46 billion, with estimates ranging from $3.35 billion to $3.63 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Laureate Education.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.11). The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $998.46 million. Laureate Education had a net margin of 28.57% and a negative return on equity of 0.85%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS.
In related news, major shareholder Alberta Lp Wengen sold 10,955,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $15.30, for a total value of $167,611,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Saric Ruldolf Christophe Hoehn sold 701,819 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $15.30, for a total transaction of $10,737,830.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,666,863 shares of company stock worth $178,511,173. Corporate insiders own 2.97% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in Laureate Education by 45.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,352 shares of the company’s stock valued at $36,000 after buying an additional 735 shares during the period. New York State Teachers Retirement System bought a new position in shares of Laureate Education during the 2nd quarter valued at about $130,000. SG Americas Securities LLC boosted its position in shares of Laureate Education by 53.6% during the 1st quarter. SG Americas Securities LLC now owns 10,960 shares of the company’s stock valued at $164,000 after purchasing an additional 3,823 shares in the last quarter. Sciencast Management LP bought a new position in shares of Laureate Education during the 1st quarter valued at about $165,000. Finally, Amalgamated Bank boosted its position in shares of Laureate Education by 9.7% during the 4th quarter. Amalgamated Bank now owns 12,328 shares of the company’s stock valued at $188,000 after purchasing an additional 1,087 shares in the last quarter. 44.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:LAUR traded up $0.36 on Monday, reaching $17.02. 914,200 shares of the company’s stock were exchanged, compared to its average volume of 1,001,759. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of -567.33, a PEG ratio of 2.12 and a beta of 0.27. Laureate Education has a fifty-two week low of $13.58 and a fifty-two week high of $17.97. The business’s 50-day moving average is $16.28 and its two-hundred day moving average is $15.76. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 0.68.
About Laureate Education
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.
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