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.

A number of analysts recently weighed in on the stock. BMO Capital Markets reissued a “hold” rating and issued a $49.00 price target on shares of Adtalem Global Education in a report on Wednesday. BidaskClub raised shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $59.00 price target on shares of Adtalem Global Education in a report on Monday, December 4th. Zacks Investment Research lowered shares of Adtalem Global Education from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Adtalem Global Education in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $54.00.

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.

TRADEMARK VIOLATION NOTICE: “Analysts Expect Adtalem Global Education Inc (ATGE) Will Post Quarterly Sales of $434.88 Million” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2018/01/20/analysts-expect-adtalem-global-education-inc-atge-will-post-quarterly-sales-of-434-88-million.html.

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.

Get a free copy of the Zacks research report on Adtalem Global Education (ATGE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Adtalem Global Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education and related companies with MarketBeat.com's FREE daily email newsletter.