Equities research analysts forecast that Adtalem Global Education Inc (NYSE:ATGE) will post earnings per share (EPS) of $0.74 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Adtalem Global Education’s earnings, with estimates ranging from $0.71 to $0.77. Adtalem Global Education posted earnings per share of $0.76 in the same quarter last year, which would suggest a negative year over year growth rate of 2.6%. The company is expected to report its next earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Adtalem Global Education will report full year earnings of $2.83 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $2.85. For the next year, analysts anticipate that the business will post earnings of $3.23 per share, with EPS estimates ranging from $3.14 to $3.29. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Adtalem Global Education.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Adtalem Global Education had a return on equity of 11.43% and a net margin of 0.89%. The business had revenue of $284.19 million for the quarter, compared to the consensus estimate of $296.12 million. During the same period in the prior year, the business earned $0.41 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis.

Several brokerages have recently issued reports on ATGE. BMO Capital Markets upped their price objective on Adtalem Global Education from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, November 5th. Robert W. Baird upped their price objective on Adtalem Global Education from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. Piper Jaffray Companies upped their price objective on Adtalem Global Education to $63.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. Barrington Research restated a “buy” rating and issued a $60.00 price objective on shares of Adtalem Global Education in a research report on Tuesday, October 23rd. Finally, Zacks Investment Research upgraded Adtalem Global Education from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $58.20.

Shares of NYSE:ATGE traded down $1.09 on Tuesday, hitting $55.15. The company had a trading volume of 484,423 shares, compared to its average volume of 468,016. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.20. Adtalem Global Education has a 52-week low of $38.15 and a 52-week high of $58.80. The company has a market capitalization of $3.38 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.52 and a beta of 0.71.

In related news, insider Carlos Filgueiras sold 12,426 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $48.32, for a total transaction of $600,424.32. Following the transaction, the insider now directly owns 16,482 shares in the company, valued at $796,410.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mehul R. Patel sold 631 shares of the stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $57.88, for a total value of $36,522.28. Following the transaction, the insider now owns 8,355 shares in the company, valued at $483,587.40. The disclosure for this sale can be found here. Insiders have sold 95,652 shares of company stock worth $4,936,212 over the last quarter. 1.91% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its stake in Adtalem Global Education by 2.6% during the second quarter. Arizona State Retirement System now owns 41,814 shares of the company’s stock worth $2,011,000 after acquiring an additional 1,056 shares during the last quarter. Aperio Group LLC increased its stake in Adtalem Global Education by 1.2% during the second quarter. Aperio Group LLC now owns 96,680 shares of the company’s stock worth $4,650,000 after acquiring an additional 1,152 shares during the last quarter. Vident Investment Advisory LLC increased its stake in Adtalem Global Education by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 77,382 shares of the company’s stock worth $3,722,000 after acquiring an additional 1,158 shares during the last quarter. United Services Automobile Association increased its stake in Adtalem Global Education by 11.1% during the second quarter. United Services Automobile Association now owns 12,012 shares of the company’s stock worth $578,000 after acquiring an additional 1,197 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Adtalem Global Education by 1.6% during the third quarter. Legal & General Group Plc now owns 78,713 shares of the company’s stock worth $3,794,000 after acquiring an additional 1,226 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

About Adtalem Global Education

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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