Analysts Expect Adtalem Global Education Inc (ATGE) Will Post Quarterly Sales of $434.88 Million
Equities research analysts forecast that Adtalem Global Education Inc (NYSE:ATGE) will report $434.88 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Adtalem Global Education’s earnings. The highest sales estimate is $436.00 million and the lowest is $433.75 million. Adtalem Global Education posted sales of $456.35 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.7%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, February 6th.
On average, analysts expect that Adtalem Global Education will report full year sales of $434.88 million for the current fiscal year, with estimates ranging from $1.73 billion to $1.76 billion. For the next financial year, analysts forecast that the company will report sales of $1.76 billion per share, with estimates ranging from $1.71 billion to $1.80 billion. Zacks Investment Research’s sales averages 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 results on Thursday, November 2nd. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.18). The company had revenue of $421.03 million during the quarter, compared to analyst estimates of $428.00 million. Adtalem Global Education had a net margin of 6.17% and a return on equity of 10.24%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS.
Shares of Adtalem Global Education (ATGE) opened at $45.25 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2,732.96, a P/E ratio of 26.31, a P/E/G ratio of 1.92 and a beta of 0.98. Adtalem Global Education has a fifty-two week low of $30.15 and a fifty-two week high of $46.65.
In other news, insider Carlos Filgueiras sold 2,325 shares of Adtalem Global Education stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $36.92, for a total transaction of $85,839.00. Following the transaction, the insider now directly owns 11,832 shares of the company’s stock, valued at $436,837.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Donna Jennings sold 4,582 shares of Adtalem Global Education stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total transaction of $206,190.00. Following the transaction, the senior vice president now directly owns 16,794 shares in the company, valued at $755,730. The disclosure for this sale can be found here. 3.04% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC boosted its position in shares of Adtalem Global Education by 3.8% during the third quarter. Mutual of America Capital Management LLC now owns 48,838 shares of the company’s stock worth $1,751,000 after purchasing an additional 1,771 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Adtalem Global Education by 12.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 23,110 shares of the company’s stock worth $828,000 after purchasing an additional 2,470 shares in the last quarter. Strs Ohio boosted its position in shares of Adtalem Global Education by 10.3% during the third quarter. Strs Ohio now owns 36,400 shares of the company’s stock worth $1,304,000 after purchasing an additional 3,400 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Adtalem Global Education during the second quarter worth $223,000. Finally, Shelton Capital Management bought a new position in shares of Adtalem Global Education during the second quarter worth $224,000.
Adtalem Global Education Company Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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