Adtalem Global Education (NYSE:ATGE) Releases Earnings Results, Beats Estimates By $0.13 EPS

Adtalem Global Education (NYSE:ATGE) released its earnings results on Tuesday. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13, Briefing.com reports. The firm had revenue of $409.91 million for the quarter, compared to analysts’ expectations of $398.64 million. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Adtalem Global Education updated its FY25 guidance to $5.60-5.85 EPS and its FY 2025 guidance to 5.600-5.850 EPS.

Adtalem Global Education Stock Performance

ATGE traded down $6.46 during midday trading on Wednesday, hitting $68.25. 953,964 shares of the company were exchanged, compared to its average volume of 509,672. The company’s 50 day simple moving average is $69.91 and its 200 day simple moving average is $58.85. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49. Adtalem Global Education has a 1-year low of $41.79 and a 1-year high of $80.18. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 0.90 and a beta of 0.97.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ATGE. Barrington Research upped their target price on Adtalem Global Education from $70.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Robert W. Baird upped their price target on Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd.

Insider Transactions at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 946 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $65.75, for a total transaction of $62,199.50. Following the sale, the chief accounting officer now directly owns 6,040 shares of the company’s stock, valued at approximately $397,130. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

About Adtalem Global Education

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.