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

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

Adtalem Global Education (NYSE:ATGE) last posted its earnings results 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. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $397.48 million. During the same period in the previous year, the firm earned $0.93 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. 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

ATGE opened at $97.26 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. Adtalem Global Education has a 52-week low of $43.78 and a 52-week high of $100.54. The stock has a market capitalization of $3.65 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.13 and a beta of 0.96. The stock’s 50 day moving average price is $92.27 and its 200-day moving average price is $81.76.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,053,857.01. This represents a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ATGE has been the topic of several research reports. Barrington Research lifted their price target on Adtalem Global Education from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets boosted their target price on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

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.