$315.58 Million in Sales Expected for Adtalem Global Education Inc (ATGE) This Quarter

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Equities analysts expect that Adtalem Global Education Inc (NYSE:ATGE) will post sales of $315.58 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Adtalem Global Education’s earnings. The lowest sales estimate is $314.63 million and the highest is $317.10 million. Adtalem Global Education reported sales of $342.19 million in the same quarter last year, which would suggest a negative year over year growth rate of 7.8%. The firm is expected to announce its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Adtalem Global Education will report full-year sales of $1.27 billion for the current year, with estimates ranging from $1.26 billion to $1.27 billion. For the next fiscal year, analysts expect that the business will report sales of $1.35 billion, with estimates ranging from $1.33 billion to $1.35 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $316.60 million for the quarter, compared to analyst estimates of $318.95 million. Adtalem Global Education had a return on equity of 11.41% and a net margin of 8.70%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS.

Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Robert W. Baird lifted their price objective on Adtalem Global Education from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Piper Jaffray Companies lifted their price objective on Adtalem Global Education to $63.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. BMO Capital Markets lifted their price objective on Adtalem Global Education from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, November 5th. Finally, Barrington Research restated a “buy” rating and set a $62.00 price objective on shares of Adtalem Global Education in a report on Wednesday, January 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $58.60.

In related news, Director James D. White sold 2,936 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $49.03, for a total transaction of $143,952.08. Following the completion of the transaction, the director now owns 6,523 shares in the company, valued at approximately $319,822.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carlos Filgueiras sold 3,205 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $48.22, for a total value of $154,545.10. Following the transaction, the insider now owns 11,775 shares of the company’s stock, valued at approximately $567,790.50. The disclosure for this sale can be found here. Insiders have sold a total of 13,091 shares of company stock valued at $700,416 in the last 90 days. Insiders own 1.91% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its position in Adtalem Global Education by 17.8% during the 4th quarter. Bank of Montreal Can now owns 2,681 shares of the company’s stock worth $126,000 after acquiring an additional 405 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Adtalem Global Education by 11.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,218 shares of the company’s stock worth $200,000 after buying an additional 429 shares in the last quarter. United Services Automobile Association raised its stake in shares of Adtalem Global Education by 3.9% in the 4th quarter. United Services Automobile Association now owns 13,089 shares of the company’s stock worth $619,000 after buying an additional 486 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Adtalem Global Education by 3.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 15,048 shares of the company’s stock worth $712,000 after buying an additional 520 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of Adtalem Global Education in the 4th quarter worth $28,000. Institutional investors own 99.65% of the company’s stock.

Shares of NYSE:ATGE traded up $0.56 during mid-day trading on Friday, hitting $49.03. 321,130 shares of the company traded hands, compared to its average volume of 386,398. The company has a market cap of $2.80 billion, a P/E ratio of 17.64, a PEG ratio of 1.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.07 and a current ratio of 2.07. Adtalem Global Education has a 52-week low of $43.50 and a 52-week high of $58.80.

About Adtalem Global Education

Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.

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