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

Adtalem Global Education (NYSE:ATGE) is expected to be posting its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Adtalem Global Education to post earnings of $1.39 per share and revenue of $429,239.33 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.17. The business had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the company earned $0.93 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 Price Performance

NYSE:ATGE opened at $97.26 on Tuesday. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.13 and a beta of 0.96. Adtalem Global Education has a 1 year low of $43.78 and a 1 year high of $100.54. The business has a 50 day simple moving average of $92.27 and a 200-day simple moving average of $81.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94.

Wall Street Analyst Weigh In

Several research analysts have commented on ATGE shares. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research raised their price objective on Adtalem Global Education from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, BMO Capital Markets raised their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

Insider Activity

In other news, Director William W. Burke sold 4,000 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares of the company’s stock, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Company Profile

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.