Adtalem Global Education (NYSE:CVSA) Trading 13.6% Higher Following Earnings Beat

Adtalem Global Education Inc. (NYSE:CVSA) shares traded up 13.6% on Friday following a stronger than expected earnings report. The company traded as high as $141.91 and last traded at $141.1350. 498,019 shares traded hands during mid-day trading, an increase of 34% from the average session volume of 370,475 shares. The stock had previously closed at $124.26.

The company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.19. Adtalem Global Education had a net margin of 12.26% and a return on equity of 20.19%. The firm had revenue of $501.38 million for the quarter. Adtalem Global Education has set its FY 2027 guidance at 8.900-9.150 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Adtalem Global Education in a research note on Friday, May 22nd. Wall Street Zen downgraded Adtalem Global Education from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Barrington Research reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Adtalem Global Education in a research note on Monday, June 8th. Finally, Truist Financial lifted their target price on Adtalem Global Education from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $155.00.

Insider Buying and Selling

In other news, CFO Robert J. Phelan sold 2,900 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $135.41, for a total transaction of $392,689.00. Following the transaction, the chief financial officer owned 52,906 shares in the company, valued at approximately $7,164,001.46. This trade represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Douglas G. Beck sold 2,650 shares of Adtalem Global Education stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $135.40, for a total value of $358,810.00. Following the completion of the sale, the senior vice president owned 35,509 shares of the company’s stock, valued at $4,807,918.60. The trade was a 6.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,694 shares of company stock valued at $2,098,614 in the last 90 days. Company insiders own 2.50% of the company’s stock.

Adtalem Global Education Stock Performance

The firm’s fifty day moving average price is $124.22. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 0.97 and a beta of 0.62. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.36.

Adtalem Global Education Company Profile

Adtalem Global Education (NYSE: CVSA) is a provider of higher education and workforce solutions focused primarily on programs that prepare students for professional careers in healthcare, medicine, veterinary medicine and related fields. The company operates campus-based and online degree programs, continuing professional education, clinical training and exam-preparation offerings designed to support students seeking licensure and employment in regulated professions.

Adtalem’s portfolio includes institution brands that deliver undergraduate, graduate and professional training across nursing, medicine, veterinary medicine and allied health disciplines.