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

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Laureate Education (NASDAQ:LAUR) released its earnings results on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.04, Morningstar.com reports. Laureate Education had a net margin of 11.22% and a return on equity of 13.74%. The company had revenue of $787.10 million for the quarter, compared to the consensus estimate of $929.30 million. During the same quarter in the previous year, the company earned ($1.02) EPS. Laureate Education’s quarterly revenue was down 3.8% compared to the same quarter last year. Laureate Education updated its FY 2018 guidance to EPS.

LAUR stock traded up $0.05 during midday trading on Friday, reaching $15.90. 546,468 shares of the company’s stock traded hands, compared to its average volume of 623,605. The firm has a market capitalization of $3.57 billion, a PE ratio of -13.25, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.32. Laureate Education has a 52 week low of $10.46 and a 52 week high of $17.15.

In other Laureate Education news, CEO Paula R. Singer sold 7,703 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $15.31, for a total transaction of $117,932.93. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paula R. Singer sold 23,109 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $16.00, for a total transaction of $369,744.00. Following the sale, the chief executive officer now owns 76,067 shares of the company’s stock, valued at approximately $1,217,072. The disclosure for this sale can be found here. Insiders have sold a total of 38,515 shares of company stock valued at $602,375 in the last 90 days. 13.10% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Apollo Management Holdings L.P. bought a new stake in Laureate Education during the 2nd quarter valued at $94,610,000. BlackRock Inc. increased its stake in Laureate Education by 24.3% during the 3rd quarter. BlackRock Inc. now owns 4,900,592 shares of the company’s stock valued at $75,665,000 after purchasing an additional 956,777 shares in the last quarter. FMR LLC increased its stake in Laureate Education by 5.5% during the 3rd quarter. FMR LLC now owns 4,666,491 shares of the company’s stock valued at $72,050,000 after purchasing an additional 241,500 shares in the last quarter. Millennium Management LLC increased its stake in Laureate Education by 237.8% during the 2nd quarter. Millennium Management LLC now owns 1,341,444 shares of the company’s stock valued at $19,223,000 after purchasing an additional 944,299 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in Laureate Education during the 2nd quarter valued at $15,059,000. Institutional investors and hedge funds own 35.24% of the company’s stock.

A number of research firms recently issued reports on LAUR. Zacks Investment Research downgraded shares of Laureate Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Barclays reiterated a “hold” rating and set a $17.00 target price on shares of Laureate Education in a research report on Friday, August 10th. ValuEngine upgraded shares of Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Citigroup boosted their target price on shares of Laureate Education from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. Finally, Barrington Research reiterated a “buy” rating and set a $20.00 target price on shares of Laureate Education in a research 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 given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $18.39.

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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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