Adtalem Global Education Inc (NYSE:ATGE) – Research analysts at First Analysis decreased their FY2020 EPS estimates for shares of Adtalem Global Education in a research report issued on Monday, February 18th. First Analysis analyst C. Greendale now expects that the company will post earnings per share of $3.23 for the year, down from their previous estimate of $3.25.
Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, February 7th. The company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Adtalem Global Education had a net margin of 8.70% and a return on equity of 11.41%. The business had revenue of $316.60 million during the quarter, compared to analyst estimates of $318.95 million. During the same quarter in the previous year, the business posted $0.76 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year.
Several other research firms have also commented on ATGE. BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, November 5th. Robert W. Baird boosted their price target on shares of Adtalem Global Education from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Piper Jaffray Companies boosted their price target on shares of Adtalem Global Education to $63.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Zacks Investment Research lowered shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Finally, Barrington Research restated a “buy” rating and issued a $62.00 price target 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 given a buy rating to the company. Adtalem Global Education currently has an average rating of “Buy” and an average price target of $58.60.
NYSE:ATGE opened at $49.24 on Thursday. Adtalem Global Education has a one year low of $43.50 and a one year high of $58.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $2.83 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94.
In other news, insider Donna Jennings sold 6,950 shares of Adtalem Global Education stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $57.83, for a total value of $401,918.50. Following the transaction, the insider now owns 19,080 shares of the company’s stock, valued at approximately $1,103,396.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James D. White sold 2,936 shares of Adtalem Global Education 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 directly owns 6,523 shares in the company, valued at approximately $319,822.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,091 shares of company stock worth $700,416. Insiders own 1.91% of the company’s stock.
Several institutional investors have recently modified their holdings of ATGE. Penserra Capital Management LLC purchased a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $28,000. Fort L.P. purchased a new stake in Adtalem Global Education during the 4th quarter worth approximately $54,000. Enlightenment Research LLC purchased a new stake in Adtalem Global Education during the 4th quarter worth approximately $76,000. Bank of Montreal Can grew 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 purchasing an additional 405 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Adtalem Global Education by 772.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,792 shares of the company’s stock worth $134,000 after purchasing an additional 2,472 shares during the last quarter. 97.85% of the stock is currently owned by hedge funds and other institutional investors.
Adtalem Global Education Company Profile
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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