Zacks: Brokerages Expect Laureate Education Inc (LAUR) Will Announce Quarterly Sales of $1.23 Billion
Equities analysts forecast that Laureate Education Inc (NASDAQ:LAUR) will report $1.23 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Laureate Education’s earnings, with estimates ranging from $1.23 billion to $1.25 billion. Laureate Education posted sales of $1.18 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The firm is expected to announce its next quarterly earnings results on Tuesday, March 27th.
On average, analysts expect that Laureate Education will report full year sales of $1.23 billion for the current year, with estimates ranging from $4.34 billion to $4.37 billion. For the next financial year, analysts forecast that the firm will post sales of $4.52 billion per share, with estimates ranging from $4.44 billion to $4.58 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Laureate Education.
Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($1.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.41). The company had revenue of $983.40 million for the quarter, compared to analyst estimates of $972.59 million. Laureate Education had a negative net margin of 1.47% and a negative return on equity of 2.66%. The company’s revenue was up 5.8% compared to the same quarter last year.
Several research analysts have issued reports on LAUR shares. Zacks Investment Research lowered shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. ValuEngine lowered shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. BMO Capital Markets decreased their price target on shares of Laureate Education from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Piper Jaffray Companies restated a “buy” rating and issued a $16.50 price target on shares of Laureate Education in a research report on Friday, November 10th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $18.00 price target (down previously from $21.00) on shares of Laureate Education in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Laureate Education has an average rating of “Buy” and an average price target of $16.82.
Laureate Education (LAUR) traded up $0.29 during trading on Monday, reaching $15.67. 397,700 shares of the company’s stock traded hands, compared to its average volume of 499,078. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $2,935.37 and a price-to-earnings ratio of -10.31. Laureate Education has a 12-month low of $10.46 and a 12-month high of $18.96.
A number of institutional investors have recently bought and sold shares of LAUR. Goldman Sachs Group Inc. boosted its stake in shares of Laureate Education by 692.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 155,558 shares of the company’s stock valued at $2,727,000 after buying an additional 135,921 shares during the period. Swiss National Bank acquired a new stake in shares of Laureate Education during the 2nd quarter valued at $926,000. Stifel Financial Corp boosted its stake in shares of Laureate Education by 1,709.1% during the 2nd quarter. Stifel Financial Corp now owns 185,472 shares of the company’s stock valued at $3,253,000 after buying an additional 175,220 shares during the period. AHL Partners LLP acquired a new stake in shares of Laureate Education during the 2nd quarter valued at $340,000. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Laureate Education during the 3rd quarter valued at $402,000. 28.36% of the stock is owned by hedge funds and other institutional investors.
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Laureate Education Company Profile
Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).
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