Adtalem Global Education (ATGE) Expected to Announce Quarterly Earnings on Thursday

Adtalem Global Education (NYSE:ATGE) is expected to be releasing its earnings data after the market closes on Thursday, January 30th. Analysts expect Adtalem Global Education to post earnings of $1.39 per share and revenue of $429.24 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The firm had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $397.48 million. During the same period last year, the business earned $0.93 earnings per share. Adtalem Global Education’s revenue was up 13.2% compared to the same quarter last year. On average, analysts expect Adtalem Global Education to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Adtalem Global Education Price Performance

Shares of ATGE opened at $97.99 on Wednesday. Adtalem Global Education has a 1-year low of $43.78 and a 1-year high of $100.54. The stock has a market cap of $3.67 billion, a PE ratio of 22.42, a P/E/G ratio of 1.13 and a beta of 0.96. The firm has a 50-day simple moving average of $92.47 and a two-hundred day simple moving average of $81.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94.

Insider Buying and Selling at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

ATGE has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Barrington Research lifted their price objective on shares of Adtalem Global Education from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 17th.

Adtalem Global Education Company Profile

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.