Zacks: Analysts Expect Laureate Education Inc. (LAUR) to Post -$0.57 EPS
Wall Street analysts predict that Laureate Education Inc. (NASDAQ:LAUR) will announce ($0.57) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Laureate Education’s earnings. The lowest EPS estimate is ($0.97) and the highest is ($0.36). The firm is scheduled to report its next earnings report on Tuesday, November 14th.
On average, analysts expect that Laureate Education will report full-year earnings of ($0.79) per share for the current financial year, with EPS estimates ranging from ($1.47) to ($0.41). For the next financial year, analysts forecast that the firm will report earnings of $0.70 per share, with EPS estimates ranging from $0.35 to $0.92. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Laureate Education.
Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.25). The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.24 billion. The business’s quarterly revenue was up 3.7% on a year-over-year basis.
Several analysts have weighed in on the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $19.00 price objective on shares of Laureate Education in a research report on Friday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price objective (up from $20.00) on shares of Laureate Education in a research report on Friday, July 7th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $17.10.
Laureate Education (LAUR) traded down 3.40% on Monday, reaching $13.92. 368,230 shares of the company’s stock traded hands. Laureate Education has a 12 month low of $12.12 and a 12 month high of $15.20. The company has a market cap of $2.35 billion and a PE ratio of 224.52. The firm’s 50 day moving average price is $14.68 and its 200 day moving average price is $14.68.
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In related news, CEO Richard J. Patro sold 16,383 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $15.21, for a total value of $249,185.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Ricardo M. Berckemeyer sold 47,983 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total transaction of $685,677.07. The disclosure for this sale can be found here. Insiders own 13.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in Laureate Education in the 2nd quarter worth approximately $122,000. Nationwide Fund Advisors purchased a new position in Laureate Education in the 1st quarter worth approximately $146,000. Stifel Financial Corp purchased a new position in Laureate Education in the 1st quarter worth approximately $147,000. Strs Ohio purchased a new position in Laureate Education in the 1st quarter worth approximately $148,000. Finally, First Mercantile Trust Co. purchased a new position in Laureate Education in the 2nd quarter worth approximately $150,000. Institutional investors own 20.81% of the company’s stock.
Laureate Education Company Profile
Laureate Education, Inc operates a network of degree-granting higher education institution. The Company operates in four segments: Latin America (LatAm); Europe; Asia, Middle East and Africa (AMEA), and Global Products and Services (GPS). The Company’s network includes approximately 70 institutions in over 25 countries on over 200 campuses, which the Company collectively refer to as the Laureate International Universities network.
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