Adtalem Global Education (NYSE:ATGE) Issues FY 2024 Earnings Guidance

Adtalem Global Education (NYSE:ATGE) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 4.800-5.000 for the period, compared to the consensus estimate of 4.650. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

Adtalem Global Education Price Performance

ATGE stock opened at $60.08 on Monday. Adtalem Global Education has a 12-month low of $33.59 and a 12-month high of $62.99. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 0.82 and a beta of 0.92. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $49.31 and its two-hundred day moving average price is $53.01.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.34. The company had revenue of $412.70 million during the quarter, compared to analysts’ expectations of $391.68 million. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. As a group, equities analysts predict that Adtalem Global Education will post 4.9 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on ATGE shares. Robert W. Baird boosted their target price on Adtalem Global Education from $65.00 to $70.00 and gave the stock an outperform rating in a research report on Friday. Barrington Research raised their price objective on shares of Adtalem Global Education from $65.00 to $70.00 and gave the company an outperform rating in a research report on Friday. Finally, StockNews.com lowered Adtalem Global Education from a strong-buy rating to a buy rating in a research note on Wednesday, February 7th.

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.