Adtalem Global Education (ATGE) to Release Quarterly Earnings on Tuesday

Adtalem Global Education (NYSE:ATGE) is set to announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Adtalem Global Education has set its FY25 guidance at $5.60-5.85 EPS and its FY 2025 guidance at 5.600-5.850 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. The business had revenue of $409.91 million during the quarter, compared to analysts’ expectations of $398.64 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 EPS. 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 Trading Down 0.9 %

Shares of ATGE opened at $72.09 on Monday. The stock has a market capitalization of $2.72 billion, a P/E ratio of 20.96, a PEG ratio of 0.84 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $73.64 and a two-hundred day simple moving average of $68.18. Adtalem Global Education has a twelve month low of $41.89 and a twelve month high of $80.18.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ATGE. Barrington Research restated an “outperform” rating and issued a $90.00 price objective on shares of Adtalem Global Education in a report on Thursday, August 29th. BMO Capital Markets upped their price objective on shares of Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, StockNews.com upgraded shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 23rd.

Insider Buying and Selling

In related news, Director Lisa W. Wardell sold 67,330 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $71.51, for a total value of $4,814,768.30. Following the completion of the transaction, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lisa W. Wardell sold 67,330 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $71.51, for a total value of $4,814,768.30. Following the completion of the transaction, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the completion of the transaction, the director now owns 105,085 shares of the company’s stock, valued at approximately $7,944,426. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,440 shares of company stock worth $10,889,450 in the last three months. 2.00% of the stock is owned by corporate insiders.

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.