Laureate Education Inc (LAUR) Expected to Announce Quarterly Sales of $931.47 Million

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Equities research analysts forecast that Laureate Education Inc (NASDAQ:LAUR) will announce sales of $931.47 million for the current quarter, according to Zacks. Four analysts have provided estimates for Laureate Education’s earnings, with the highest sales estimate coming in at $936.30 million and the lowest estimate coming in at $929.30 million. Laureate Education posted sales of $983.40 million during the same quarter last year, which suggests a negative year-over-year growth rate of 5.3%. The company is expected to issue its next earnings report on Wednesday, November 14th.

On average, analysts expect that Laureate Education will report full-year sales of $4.27 billion for the current fiscal year, with estimates ranging from $4.26 billion to $4.29 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.08 billion, with estimates ranging from $3.81 billion to $4.20 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Laureate Education.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Thursday, August 9th. The company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.30. Laureate Education had a return on equity of 13.74% and a net margin of 11.22%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company earned $0.28 EPS. The company’s revenue was down 2.2% on a year-over-year basis.

LAUR has been the topic of a number of recent research reports. Citigroup lowered their price objective on Laureate Education from $20.50 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, July 11th. ValuEngine upgraded Laureate Education from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Zacks Investment Research lowered Laureate Education from a “strong-buy” rating to a “sell” rating in a research note on Thursday, August 2nd. Barrington Research restated a “buy” rating and set a $20.00 price objective on shares of Laureate Education in a research note on Friday, August 10th. Finally, Barclays restated a “hold” rating and set a $17.00 price objective on shares of Laureate Education in a research note on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.41.

Laureate Education stock traded up $0.08 during mid-day trading on Friday, reaching $14.99. 606,280 shares of the company were exchanged, compared to its average volume of 549,494. Laureate Education has a 12 month low of $10.46 and a 12 month high of $16.99. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $3.46 billion, a PE ratio of -12.49, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19.

In other news, CEO Paula R. Singer sold 7,703 shares of Laureate Education stock in a transaction on Friday, September 14th. The stock was sold at an average price of $15.31, for a total value of $117,932.93. Following the transaction, the chief executive officer now owns 68,364 shares in the company, valued at approximately $1,046,652.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Paula R. Singer sold 23,109 shares of Laureate Education stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $16.00, for a total value of $369,744.00. Following the completion of the transaction, the chief executive officer now owns 76,067 shares in the company, valued at approximately $1,217,072. The disclosure for this sale can be found here. Company insiders own 4.59% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Laureate Education in the 1st quarter valued at $106,000. Barclays PLC grew its position in Laureate Education by 49.2% during the 1st quarter. Barclays PLC now owns 13,090 shares of the company’s stock worth $180,000 after acquiring an additional 4,315 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Laureate Education during the 2nd quarter worth $312,000. Fox Run Management L.L.C. grew its position 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 worth $367,000 after acquiring an additional 11,226 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Laureate Education during the 2nd quarter worth $440,000. Institutional investors own 35.05% of the company’s stock.

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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